Short Takes: So, Why Does the White House Want to Kill the GSEs? / Politicians Continue to Bash Fannie and Freddie / BofA Cuts Servicing Jobs in Pittsburgh / Wholesale Lending Makes a Comeback / Impac Comes on Strong August 7, 2013 Paul Muolo Who says that wholesale lending through loan brokers is dead? Carrington Mortgage and other firms are expanding in the sector.Read More
Freddie Mac Has Worst MBS Issuance Month of the Year August 6, 2013 Paul Muolo Though the end of July, Freddie has issued roughly $302 billion of single-family MBS compared to $500 billion for Fannie. Read More
Obama Hints at Corker-Warner Support, Pushes for HARP 3.0 August 6, 2013 Paul Muolo The White House believes that the current housing finance system, where the government guarantees more than 80 percent of all mortgages through Fannie Mae, Freddie Mac and FHA, is unsustainable.Read More
Short Takes: Is CashCall Off the Auction Block? / HSBC Could Take a Huge Hit on MBS Settlement / FHFA CSP Job Pays $450,000 / LenderLive Gets Ginnie Approvals / Eminent Domain Advances August 6, 2013 George Brooks and Paul Muolo Is refi specialist CashCall still on the auction block?Read More
Prestwick Offers Close to $1 Billion of MSRs August 5, 2013 Paul Muolo The market for residential servicing rights continues to gain momentum with two new offerings from The Prestwick Mortgage Group. Read More
Mortgage Brokers Continue to Hire, But Barely August 5, 2013 Paul Muolo Mortgage brokerage firms added new workers in June but at a very slow pace, a sign that the origination market is slowing. Read More
Short Takes: Ocwen Increases its Deal Pipeline to $400 Billion / Another Large Wholesaler to Exit? / But Integrity First Wants to Grow Wholesale / Ally Calls it Quits on Mortgage Banking / NAR Hates the PATH August 5, 2013 Paul Muolo Ocwen is looking at $400 billion of MSR deals, at least. Meanwhile, a lager wholesale may exit, and no, it's not EverBank.Read More
MSR Asset Mark Ups Average 15 to 20 Percent July 26, 2013 Paul Muolo If anything, the second quarter might be remembered as a period in which banks hiked their MSR values significantly.Read More
MBA Hikes Second Half 2013 Origination Forecast 15 Percent July 25, 2013 Paul Muolo Loan applicants did whatever they could to protect their rate lock-ins, according to the MBA. Read More
$4 Billion-Plus in MSRs Up for Grabs Through IMA July 25, 2013 Paul Muolo The MSR market continues to percolate with two new deals from Interactive Mortgage Advisors. Read More