Fannie, KPMG to Pay $153 Million to Settle Decade-Long Shareholder Fraud Suit May 8, 2013 Charles Wisniowski Two Ohio pension funds that owned stock in Fannie Mae sued the GSE in 2004 related to a $6.3 billion overstatement of earnings. Read More
GSEs Consider Expanding Scope of Common Securitization Platform May 7, 2013 John Bancroft The GSE "common securitization platform" is under construction and already potential add-ons are being discussed, including a loan acquisition module. Read More
FHFA Seeks Comment to Refine Its Planned National Survey of Mortgage Borrowers May 7, 2013 Charles Wisniowski The Federal Housing Finance Agency plans to survey residential borrowers about how they were treated by lenders.Read More
Nationstar to Buy Direct-to-Consumer Lender, Increases Flow MSR Goals May 7, 2013 Paul Muolo Nationstar Mortgage is getting serious about the origination business. On Tuesday it revealed plans to purchase a high-volume call center operation.Read More
Servicer Advance Securitization is Growing but Concerns Persist May 7, 2013 Brandon Ivey The market for securities backed by servicer advances is red hot, but S&P says investors face risks. Read More
Caliber Enters the Correspondent Channel, Taps PennyMac Executive May 7, 2013 Paul Muolo Caliber Funding sees a huge opportunity in correspondent lending.Read More
Short Takes: Industry Wants Lower GSE Loan Limits / FirstREX Will Take Equity in a Home / Cramer Likes Ellie / United Guaranty on a Roll / About that FHA Premium Promise… May 7, 2013 George Brooks and Paul Muolo The mortgage industry wants lower Fannie Mae/Freddie Mac/FHA loan limits. But will it happen?Read More
New York AG to File Lawsuits Against BofA, Wells for Servicing Issues May 6, 2013 Brandon Ivey Law enforcement officials say some of the nation's megabanks are violating terms of the historic national servicing settlement. Read More
MBA Pushes for Single GSE MBS With New G-Fee Structure May 6, 2013 John Bancroft The game is on: MBA wants a single GSE security and will lobby aggressively on the issue. Read More
Nationstar Launches $1.375 Billion Debt Offer, Mentions Suspension of Foreclosures May 6, 2013 Paul Muolo Business must be good for Nationstar Mortgage. The fast growing servicer is trying to pull off a huge debt swap. Read More
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