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Short Takes: Freddie Still Owed $1.2 Billion From Lehman / Citi Buys NPLs from Wells / HLSS Buys Servicing Rights From Ocwen / Ross Joins Ocwen / MI Firms Fear the QRM

March 14, 2013
Paul Muolo and George Brooks
Freddie Mac is still owed $1.2 billion from Lehman Brothers, which went bust five years ago. Also, Wells Fargo sells NPLs to Citigroup.
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Redwood to Issue its Fourth Non-Agency Jumbo Deal of the Year

March 13, 2013
Brandon Ivey
Redwood Trust is coming to the jumbo well once again. Its new MBS is roughly $577 million in size.
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Meanwhile, Shellpoint May Issue a Jumbo Deal by Mid-Year

March 13, 2013
Paul Muolo
Activity in the jumbo MBS market is hopping.Shellpoint Partners is targeting mid-year for its first deal.
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GOP Campaign Against the CFPB Opens on a New Front

March 13, 2013
Thomas Ressler
The chairman of the House Banking Committee wants clarification from the Federal Reserve on the central bank's transfer of funds to the CFPB.
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HUD Union Challenges Sequestration, 9,000 Workers Would Lose Pay

March 13, 2013
George Brooks
Roughly 9,000 HUD/FHA workers could lose pay under federal sequestration.
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Bank of America Confirms Job Cuts in Its LandSafe Unit

March 13, 2013
Paul Muolo
A declining inventory of problem home mortgages and REO played a key role in Bank of America slashing the workforce of LandSafe by roughly 10 percent.
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Short Takes: A New FHFA Director to Be Unveiled Soon? / Nonbanks and Jumbos? / Rep. Ryan Plan to Kill the GSEs DOA / Apps Take A Tumble / Sen. Elizabeth Warren, Silent but Not for Long

March 13, 2013
Paul Muolo, Thomas Ressler, and Charles Wisniowski
Will the White House soon unveil its FHFA director candidate?
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Fannie Working on Changes to Buyback Policies

March 12, 2013
Paul Muolo
Fannie Mae is working on changes that may give some mortgage bankers relief on buybacks.
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SEC Nominee Mary Jo White: Enforcement a “High Priority”

March 12, 2013
Charles Wisniowski
Wall Street executives involved in MBS fraud may not be off the hook quite yet.
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Supreme Court Opinion May Ultimately Limit MBS Damages

March 12, 2013
George Brooks
A new Supreme Court opinion may force the SEC to speed up its investigation of certain MBS fraud cases.
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