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Mortgage Profits at Banks Set New Record, but Peak May’ve Been Reached in 3Q

March 4, 2013
John Bancroft
The mortgage operations of banks and thrifts posted record earnings in 2012, but the momentum may be behind the sector.
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GMH Hires GMAC Executive as SVP of National Production

March 4, 2013
Paul Muolo
GMH Mortgage Services, which is barely five years old, has hired GMAC veteran Frank DiMaio to run national sales.
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Freddie Will Expand Financing Options to Move REO

March 4, 2013
Charles Wisniowski
Freddie Mac wants to move more REO properties and plans to expand out its stable of financial options and lenders.
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Ocwen Says its Servicing Cost for NPLs is Dirt Cheap, India?

March 4, 2013
Paul Muolo
Ocwen's huge overseas workforce has allowed it to lower its servicing costs substantially, at least that's how it appears.
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Short Takes: Fear Surrounding FHA Compare Ratios / Popular Bank To Unload $1 Billion-Plus of Delinquent Loans / CFPB About to Get ‘Trimmed’ / Delinquencies Continue to Fall at Fannie / Okay, Who’s Servicing Sen. Warren’s Mortgage?

March 4, 2013
Paul Muolo and Thomas Ressler
Some lenders are concerned about the coming 'FHA Scorecard' and the ability of certain large funders to make their numbers look good.
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FHFA’s DeMarco Promises Movement on Common MBS Platform in 2013, $30 Billion in Risk Sharing, and NPL Sales

March 4, 2013
Paul Muolo
It appears the GSE "common" securitization platform will happen this year.
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Citadel Servicing Raises $200 Million for New Nonprime Mortgage Lending

March 1, 2013
Paul Muolo
Citadel Servicing of California has raised $200 million from private investors to originate new residential subprime loans, Inside Mortgage Finance has learned.
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Yes, Subprime Lending is Finally Back / Will Fannie Post 4Q Earnings of $8 Billion? / FHA User Fees? / 17,000 FHA Loans to Hit the Auction Block / UGI Now # 1 / Wells Fargo Loses Top Regional Manager

March 1, 2013
Citadel Servicing has raised $200 million in capital to originate residential subprime mortgages. Does this mean subprime lending is "back"? Answer: yes and no.
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Industry Fears FHFA’s ‘Fee for Service’ Proposal Could Resurface

February 28, 2013
Paul Muolo
The Federal Housing Finance Agency hasn't totally given up on the issue of "fee for service."
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Credit Suisse Issues Its First Jumbo Deal of the Year, Quicken Product Dominates

February 28, 2013
Brandon Ivey
Credit Suisse came to market with its first jumbo MBS deal of the year with Quicken Loans dominating the collateral.
Read More
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