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Rep. Watt FHFA Confirmation Hearing Set for June 27? Banking Committee Mum

June 20, 2013
Charles Wisniowski
There is still no official word on when the Senate Banking Committee will take up the nomination of Rep. Mel Watt to head the Federal Housing Finance Agency.
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IMA in Market with $2 Billion Bulk MSR Deal

June 20, 2013
Paul Muolo
With rates rising and liquidity increasing, more mortgage servicing portfolios are hitting the auction market.
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Rates Spike, 10-Year Just Shy of 2.4 Percent, Loan Officers Concerned?

June 20, 2013
Paul Muolo
When rates rise, loan officers begin to bite their nails, unless they are heavily reliant on purchase-money loans.
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Short Takes: Corker-Warner GSE Bill to Drop Next Tuesday / Ocwen Spin-off to Sell More Shares / CFPB Chief Cordray Defends ATR / FHA Performance Looking Up? / Stonegate Hires New Secondary Chief

June 20, 2013
Paul Muolo and George Brooks
The Corker-Warner GSE bill could see the light of day next Tuesday. Meanwhile, HLSS is selling more shares to the public.
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Industry Tells Congress: QM Will Severely Restrict Credit

June 19, 2013
Thomas Ressler
Because of the "qualified mortgage" rule WesBanco may kill a charitable home loan program that has been in place since 1951.
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Four of Five Megabanks Failed Portions of $25 Billion Servicing Settlement

June 19, 2013
Brandon Ivey
In addition to having the most failed metrics, CitiMortgage was found to be in “widespread” noncompliance with the timeliness requirement to notify a borrower of any missing documents in his modification application.
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Bank Production of Nonconforming Mortgages Bolsters Portfolios

June 19, 2013
Brandon Ivey
While some banks have started to securitize jumbo mortgages, the vast majority of jumbo originations remain in portfolio.
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Flagstar Once Again Contemplating Selling Huge MSR Package

June 19, 2013
Paul Muolo
Thanks to rising interest rates, now may be the time for Flagstar to sell a huge block of servicing.
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Fannie, Freddie, FHFA Would Cease to Exist Under “Pragmatic” Reform Plan

June 19, 2013
Charles Wisniowski
Yet another plan to reshape the mortgage market has been published, this one from noted housing economist Mark Zandi, and Ellen Seidman, once the nation's top S&L regulator.
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Short Takes: MBA Wants GSEs to Synchronize Their AU Engines / Poll Shows Lenders Want GSEs Left Alone / A New Player in Wholesale / Cerberus Bidding on NPLs, More / Hank Paulson Wanted Receivership for Fannie and Freddie

June 19, 2013
Paul Muolo and Brandon Ivey
MBA pushes for GSE AU engines to be synchronized. Meanwhile, a factoid of mortgage history: Treasury chief Paulson wanted Fannie and Freddie put in receivership.
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