Nationstar Mortgage clarified that the non-agency MBS it plans to issue in the second quarter of 2013 is an asset-backed security with servicing advances from non-agency mortgages. Genworth U.S. Mortgage Insurance, a unit of Genworth Financial, Inc., announced on Friday that it will offer 24 training classes in April to help mortgage lenders and servicers improve their efficiency and build their business. Fannie Mae President and CEO Tim Mayopoulos said this week that it would be a mistake for official Washington to allow the prospect of the newly profitable GSEs to continue to slow walk efforts on housing finance reform.
Despite its efforts to enhance its hiring outreach to minority and women potential contractors and employees during 2012, the Federal Housing Finance Agency still faces challenges finding qualified and diverse candidates.
Home prices nationwide jumped in February by the largest margin in seven years, said CoreLogic while the SEC has decided to allow public companies to Twitter and Facebook.
An Arizona court is expected to rule soon on whether to approve a proposed asset and stock purchase agreement worth up to $267 million between the appointed receiver of PMI Mortgage Insurance Corp. and private-equity investor Arch Capital.
The Structured Finance Industry Group formed as a non-profit company about a month ago and is working to set up an infrastructure to compete with the American Securitization Forum. The group said its initial efforts will focus on hiring an executive director, advocacy and arrangements for an industry conference. The SFIG was formed by major securitization industry players frustrated with the governance of the ASF. While the SFIG has been careful not to publicly compare itself with the ASF, three of the SFIGs four initial officers were previously board members of the ASF and the group shares a number of goals with the ASF. Reginald Imamura was named...
Fannie Mae received high, but not quite perfect, marks from the Federal Housing Finance Agency in its compliance with the FHFAs Conservatorship Scorecard.
The Conference of State Bank Supervisors is calling upon the Consumer Financial Protection Bureau to adopt a petition process to define rural counties as the bureau prepares to implement balloon qualified mortgage and escrow requirements for rural lenders.