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SunTrust Mortgage Executive Seth Sprague Departs

April 30, 2013
Paul Muolo
Sprague, a veteran of SunTrust, Bank of America, and Matrix Capital, has joined Phoenix Capital.
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Short Takes: Improved Mortgage Profit Margins in 2Q / Help for the Manufactured Housing Market / Citigroup Loves Jumbos / $25 Billion in HAMP Money Left / Freddie Speaks About the Common Securitization Platform

April 29, 2013
Paul Muolo and Thomas Ressler
Mortgage profits are improving in the second quarter, but how long can it last? Meanwhile, Freddie talks about the CSP.
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What We’re Hearing: What Happened at that White House Mortgage Meeting? / GSE Net Worth May Double / Market Share to Shift to FHA? / Largest Decliners in Fundings Use Brokers / What’s Next for CashCall?

April 26, 2013
The White House wants to change the HARP eligibility date, making more underwater borrowers eligible for the program, Inside Mortgage Finance has learned.
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Short Takes: HUD Secretary Promises No More Premium Hikes / Meanwhile, HUD Will Close Some Offices / National MI is Open for Business / BofA Says Don’t Compare it to Wells / Mortgage REITs a Concern?

April 25, 2013
Paul Muolo
FHA lenders are resting easier today thanks to a promise from HUD secretary Shaun Donovan not to hike FHA premiums again.
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Short Takes: Stearns Gets Serious About Servicing / BofA Has High Delinquencies on Second Liens / FHFA Continues to Hunt for MBS Platform CEO / Akre Departs Trading Firm for Oak Circle / CFPB Frets About Pay Day Lenders

April 24, 2013
Paul Muolo and Thomas Ressler
Stearns Lending, one of the fastest growing servicers in the U.S., has hired a new manager to help it with servicing acquisitions.
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Short Takes: CFPB Showing Some Love for Banks / Fannie About to Award a Big Tech Contract? / FHFA Doesn’t Want Higher Minimum Net Worth / Home Buyer Traffic Spikes / 100 Percent LTV Loans Not on NCUA’s Radar?

April 23, 2013
Paul Muolo
Residential lenders can rest easy: the GSEs aren't about to hike their net worth minimums. Also: the CFPB shows some love to banks.
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House Banking Chairman Won’t Let CFPB’s Cordray Testify

April 23, 2013
Thomas Ressler
Although Rep. Hensarling rebuffed Cordray, the CFPB chief delivered the agency’s semi-annual report to the Senate Banking Committee Tuesday morning.
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Short Takes: Need Seller/Servicer Approvals? Bring Your Check Book / IMA Selling Ginnie Bulk MSR Deal / Fitch Worries About CMBS / Will the Senate Grill CFPB’s Cordray? / New Hire at WFG National Title

April 22, 2013
Paul Muolo and Thomas Ressler
Obtaining approvals to become a GSE seller/servicer can cost you, but think of the money you can make from owning servicing rights.
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What We’re Hearing: Fannie and Freddie Swamped with Seller/Servicer Apps / Is the G-Fee Hike Coming? / BofA and Fannie About to Make Nice on Purchase Loans? / Title Insurance Business Staging a Comeback / Michael Lau’s New Firm Inks a Deal to Bu

April 19, 2013
Just how healthy is the residential mortgage business these days? Answer: Fannie Mae and Freddie Mac are swamped with seller/servicer applications.
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FHFA IG Says Agency Needs More Examiners

April 18, 2013
Charles Wisniowski
The Inspector General of the Federal Housing Finance Agency says the agency needs more examiners to keep an eye on the GSEs.
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