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Short Takes: Another Proposed Cut in Mortgage Interest Deduction/ Motion Denied for Former Freddie Execs/First American Promotes From Within/ Brown to Replace Johnson on Senate Banking Committee?

April 1, 2013
Charles Wisniowski
A House Democrat proposes a bill to lower the cap on the Mortgage Interest Deduction. Meanwhile, could Sen. Sherrod Brown succeed Tim Johnson as Senate Banking Committee Chair?
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Is Fannie Mae’s NPL Auction on Hold? / Nationstar Mortgage Eyeing Jumbo MBS / Credit Suisse Goes Jumbo Once Again / It Looks as Though Freddie Will Claim Deferred Tax Assets Too / Clayton Bullish on Surveillance

March 29, 2013
Fannie Mae may be having second thoughts about selling nonperforming loans into the secondary market where cash-rich investors are waiting with bated breath.
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Short Takes: Genworth Moves Closer to Delinking MI Unit / The Hottest Real Estate Markets, According to Veros / Wells Fargo Loses a Regional Production Rep / The Fastest Growing Servicers are Franklin American and Quicken

March 28, 2013
George Brooks and Paul Muolo
Genworth moves closer to delinking from its mortgage insurance unit. Meanwhile, Wells Fargo has suffered the loss of a well-regarded regional rep.
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Short Takes: MBA Hikes Origination Forecast, Applications Rise / Rep. Waters Applauds Move to Ban Incentive Payments on Force-Placed / Appraisal Complaints Continue / EverBank is How Large in Warehouse Lending?

March 27, 2013
Paul Muolo
Residential loan production for 2013 may turn out to be better than originally projected, thanks to a vastly improved purchase-money business.
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Short Takes: Are Loan Standards Really Loosening? / Two Harbors Looking Frothy? / Oil, Gas, and Servicing / Senate Banking Committee Chairman Retiring? / The Never Dying Story: Force-Placed Insurance

March 26, 2013
George Brooks, Paul Muolo, and Thomas Ressler
Urban legend: mortgage lenders are beginning to loosen loan standards. Well, maybe only for "rich" clients.
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Are Nonbanks Aggressively Courting LOs From The Megabanks?

March 26, 2013
Paul Muolo
One loan officer was lured away by an offer of making $20,000 per month, Inside Mortgage Finance was told.
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Feds Scramble to Fulfill Dodd-Frank, Despite Hiring Binge

March 26, 2013
Thomas Ressler
In spite of the influx of new human resource assets, banking regulators have a mixed effectiveness when it comes to compliance with their own Dodd-Frank obligations.
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Short Takes: Phyllis Caldwell, FHFA Chief? / No Independent IG for CFPB? / Two Harbors Raises More Money / No Word on MBS M&A

March 25, 2013
Paul Muolo and Thomas Ressler
Who is Phyllis Caldwell, and why is she being mentioned for the FHFA job?
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Will Fannie and Freddie Preferred Shareholders Sue FHFA? / Home Equity Lending Market Still Hurting / FGMC of Maryland Expanding TPO / More Non-Legacy Deals from MountainView, IMA Hit the Market

March 22, 2013
The $93 billion question for Fannie Mae, Freddie Mac, and FHFA: what is a "deferred tax asset" and how can it be used, if at all?
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HUD, Union Agree on Seven-Day Furlough

March 22, 2013
A federal employee union and the Department of Housing and Urban Development have agreed to implement a seven-day employee furlough because of a severe mandatory reduction in HUD’s budget in FY 2013. The seven furlough days, which also will affect FHA operations, will apply to HUD’s entire 9,100-person work force and will be spread out to one for each pay period beginning May 24. HUD initially proposed a 13-day furlough plan, which was to start May 10, but agreed to reduce it to seven days and to move the start date to May 24. Under an agreement between HUD and the American Federation of Government Employees Council 222, furlough days will occur on ...
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