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MBS & ABS Production Up Modestly in Early 2013 Despite Slowdown in Pace of Agency Securitization

April 11, 2013
John Bancroft
Total MBS and ABS issuance rose almost 3 percent from the fourth quarter of 2012 to $515.3 billion during the first three months of 2013, according to a new Inside MBS & ABS analysis and ranking.
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IMA Selling $12.7 Billion of GSE Servicing Rights

April 11, 2013
Paul Muolo
The bulk servicing market is beginning to generate heat. The latest offering comes from Interactive Mortgage Advisors, but other deals are in the works as well.
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Freddie Mac Hires Former Chase Mortgage Chief to Head Single-Family

April 11, 2013
Paul Muolo
Freddie Mac has a new head of single-family: David Lowman, an industry veteran who in the past headed mortgage operations at JPMorgan Chase and Citigroup.
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Short Takes: FHFA Extends HARP to 2015 / Conservatives Love FHA? / Nationwide Title Clearing Demystifies ‘Trailing’ Documents / Gleacher Calls It Quits on MBS

April 11, 2013
Paul Muolo and George Brooks
The FHFA has extended the popular HARP 2.0 program until the end of 2015. But what about HARP 3.0?
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Obama Budget: GSEs Will Pay $183 Billion of Dividends to Treasury Through 2023

April 10, 2013
Paul Muolo
The White House expects huge profits over the next 10 years from - drum roll please - Fannie Mae and Freddie Mac.
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Lender Recommendations from Real Estate Agents Tied to Closing Issues

April 10, 2013
Brandon Ivey
Two-thirds of the nearly 2,000 real estate agents that responded to a Campbell Communications and Inside Mortgage Finance survey want mortgage closings in 30 days or less.
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Walter Investment Buys $12.2 Billion of Reverse MSRs from Wells Fargo

April 10, 2013
Paul Muolo
Wells Fargo has unloaded most of - but not all - of its remaining servicing rights tied to reverse mortgages. However, the bank says it is still "committed" to seniors through home equity loans.
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How Hot is Residential Servicing? IMA Package Gets 10 Bids

April 10, 2013
Paul Muolo
More than 10 bidders showed up for a recent auction of new Fannie Mae servicing rights, a sign that the MSR market is getting hot.
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LTVs North of 105 Account for 47 Percent of HARP Refis

April 10, 2013
Charles Wisniowski
Borrowers with loan-to-value ratios greater than 105 percent accounted for 47 percent of HARP volume in January.
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Short Takes: About That White House Mortgage Meeting… / Wells Confirms It May Hire MSR ‘Project Manager' / NPL Sales Could Double / Mortgage Applications Rise, So Do Refis

April 10, 2013
Paul Muolo
The upcoming White House meeting on mortgage and housing issues may not address loan standards at all. Wells confirms plan to hire MSR 'project manager.'
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Latest Imf News

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