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Short Takes: Freddie CFO Stresses GSE's 'True Value' / Fortress Fund Seeks MSRs / Whole Loan Purchase / New Policy Advisor at ASF

July 29, 2013
Brandon Ivey
Freddie Mac's CFO said the "true value" provided by the government-sponsored enterprises isn't billions of dollars in profits. Meanwhile, firms continue to pursue mortgage servicing rights.
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Industry Wants Changes to Qualified Mortgage Points-and-Fees Calculation

July 26, 2013
Thomas Ressler
In particular, mortgage industry professionals are focused on third-party-paid charges and seller-paid points in the QM rule.
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FHFA Backs Community-Based Lenders on Mortgages

July 26, 2013
Charles Wisniowski
When it comes to guaranty fees, FHFA has taken "meaningful steps" to level the playing field for community lenders, one agency official testified this week.
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Action on Risk Retention and QRMs Expected in September

July 26, 2013
Brandon Ivey
The Federal Reserve expects to take further action on mortgage risk retention rules in September.
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MSR Asset Mark Ups Average 15 to 20 Percent

July 26, 2013
Paul Muolo
If anything, the second quarter might be remembered as a period in which banks hiked their MSR values significantly.
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What We’re Hearing: Wells to JVs: Drop Dead, After All / Wells on JV Departure: Dodd-Frank Made Us Do It / CFPB LO Bonus Suit Raises Questions / CoreLogic Units Have to Answer to the CFPB / Carrington Unveils Large Loss

July 26, 2013
Wells Fargo blames regulations for ending its mortgage JVs. Meanwhile, how did the CFPB unearth its information on 'up-selling' at Castle & Cook?
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Treasury Toying with Adjustments to Reduce HAMP Re-Defaults

July 25, 2013
Brandon Ivey
At the end of April, the re-default rate on HAMP loan modifications topped 46 percent for restructurings completed in 2009.
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Residential Originations Held Steady in Second Quarter, But Fears Persist

July 25, 2013
John Bancroft
Among the top 20 lenders in the nation, PennyMac and Nationstar had the highest growth rates, according to new figures compiled by Inside Mortgage Finance.
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MBA Hikes Second Half 2013 Origination Forecast 15 Percent

July 25, 2013
Paul Muolo
Loan applicants did whatever they could to protect their rate lock-ins, according to the MBA.
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FHA Chief Galante Backs Senate Bill but Worries About Servicer Accountability

July 25, 2013
George Brooks
FHA chief Carol Galante expressed concern about the absence of any provision in the bill that would ensure servicer accountability for their performance.
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Latest Imf News

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Featured Data

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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