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Short Takes: Here Come the Mortgage Layoffs? / Genworth Sheds Jobs / Bay Equity Liberalizes Underwriting / Wells Fargo Settles with HUD on REO / CFPB-FDIC Meeting Closed to Media

June 6, 2013
Paul Muolo, Thomas Ressler, George Brooks, and Brandon Ivey
Will the nation's megabanks begin shedding mortgage workers if loan applications don't rise soon?
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By Not Allowing for MI Cancellation, FHA Loans Could be Deemed ‘Higher Priced’

June 5, 2013
George Brooks
The FHA said it is working to define a “qualified mortgage” standard that meets the QM criteria under the Dodd-Frank Act, which takes higher priced mortgages into account.
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White House Petition to ‘Restore Fairness’ to GSE Shareholders Not Looking Good

June 5, 2013
Charles Wisniowski
As of Wednesday morning, a GSE shareholder petition accessible through the White House website had 874 of the 100,000 signatures required by July 1.
Read More

Warehouse Commitments Strong in 1Q, But Concerns Surface About Next Year

June 5, 2013
Paul Muolo
Nonbanks continue to request warehouse lines of credit but because of declining origination volumes, the thirst is easing somewhat.
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Redwood Taps 67 Small Lenders for Latest Non-Agency Jumbo MBS

June 5, 2013
Brandon Ivey
The top contributors to the new Redwood Trust jumbo deal include George Mason Mortgage, Cole Taylor Mortgage, W.J. Bradley Mortgage Capital and PrimeLending.
Read More

MountainView Offering Just Over $2 Billion in MSRs

June 5, 2013
Paul Muolo
The MSR sales machine is cranking up at MountainView.
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Short Takes: Rep. Issa Wants Answers on FHA MMI Audit / Mortgage Applications Tumble Again / Subprime MBS to Hit the Market / First Guaranty Mortgage Continues its Expansion / LPS Upgrades Network

June 5, 2013
Paul Muolo and George Brooks
Is a scandal brewing at FHA concerning how it handled the independent audit of the Mutual Mortgage Insurance fund or is it "politics"?
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Federal Reserve Examining CFPB’s Use of Enforcement Attorneys in Audits

June 4, 2013
Thomas Ressler
The Inspector General of the Federal Reserve has initiated an evaluation of the CFPB’s integration of enforcement attorneys into its examinations of banks and nonbanks.
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Conix Coming to Market with MBS Backed by Nonperforming Mortgages

June 4, 2013
Paul Muolo
Conix Inc. is in the market with an MBS backed by nonperforming mortgages. Could other deals be far behind?
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Non-Agency Jumbo Originations Strong in 1Q13

June 4, 2013
Brandon Ivey
Wells Fargo was the top-ranked non-agency jumbo lender in the first quarter with $9.67 billion, nearly double the next closest lender.
Read More
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Latest Imf News

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Featured Data

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