Freddie Earns $5 Billion, G-Fee Charge at 51 Basis Points August 7, 2013 Paul Muolo In its earnings release, Freddie said it will not capture its deferred tax asset (DTA) valuation allowance which now stands at $28.6 billion. Read More
Short Takes: So, Why Does the White House Want to Kill the GSEs? / Politicians Continue to Bash Fannie and Freddie / BofA Cuts Servicing Jobs in Pittsburgh / Wholesale Lending Makes a Comeback / Impac Comes on Strong August 7, 2013 Paul Muolo Who says that wholesale lending through loan brokers is dead? Carrington Mortgage and other firms are expanding in the sector.Read More
Freddie Mac Has Worst MBS Issuance Month of the Year August 6, 2013 Paul Muolo Though the end of July, Freddie has issued roughly $302 billion of single-family MBS compared to $500 billion for Fannie. Read More
OIG: FHFA Must Tighten Grip on Deficient FHLBank Unsecured Lending Practices August 6, 2013 Charles Wisniowski Between 2008 and early 2011, unsecured credit extensions by FHLBs to European institutions swelled from $66 billion to $123 billion.Read More
Mortgage Broker Group Calls for QM to be Re-Proposed August 6, 2013 Thomas Ressler The NAIHP is concerned that "responsible consumers" may have been "intentionally" knocked out of the QM box.Read More
Originations Booming at Nationstar, MSRs Will Top $435 Billion August 6, 2013 Brandon Ivey Portfolio recapture, wholesale, and builder channels accounted for almost 79 percent of its fundings in 2Q. Read More
Obama Hints at Corker-Warner Support, Pushes for HARP 3.0 August 6, 2013 Paul Muolo The White House believes that the current housing finance system, where the government guarantees more than 80 percent of all mortgages through Fannie Mae, Freddie Mac and FHA, is unsustainable.Read More
Short Takes: Is CashCall Off the Auction Block? / HSBC Could Take a Huge Hit on MBS Settlement / FHFA CSP Job Pays $450,000 / LenderLive Gets Ginnie Approvals / Eminent Domain Advances August 6, 2013 Paul Muolo and George Brooks Is refi specialist CashCall still on the auction block?Read More
Commercial MBS Issuance Slowed in 2Q, But Ahead of Last Years Pace August 5, 2013 John Bancroft Most of the apartment loans being securitized go through Fannie Mae and Freddie Mac programs.Read More
HUD to Implement New HECM Guidelines by October August 5, 2013 George Brooks The guidelines follow the Senates passage last week of the Reverse Mortgage Stabilization Act of 2013. Read More