Meanwhile, Shellpoint May Issue a Jumbo Deal by Mid-Year March 13, 2013 Paul Muolo Activity in the jumbo MBS market is hopping.Shellpoint Partners is targeting mid-year for its first deal.Read More
GOP Campaign Against the CFPB Opens on a New Front March 13, 2013 Thomas Ressler The chairman of the House Banking Committee wants clarification from the Federal Reserve on the central bank's transfer of funds to the CFPB. Read More
HUD Union Challenges Sequestration, 9,000 Workers Would Lose Pay March 13, 2013 George Brooks Roughly 9,000 HUD/FHA workers could lose pay under federal sequestration. Read More
Bank of America Confirms Job Cuts in Its LandSafe Unit March 13, 2013 Paul Muolo A declining inventory of problem home mortgages and REO played a key role in Bank of America slashing the workforce of LandSafe by roughly 10 percent.Read More
Short Takes: A New FHFA Director to Be Unveiled Soon? / Nonbanks and Jumbos? / Rep. Ryan Plan to Kill the GSEs DOA / Apps Take A Tumble / Sen. Elizabeth Warren, Silent but Not for Long March 13, 2013 Paul Muolo, Thomas Ressler, and Charles Wisniowski Will the White House soon unveil its FHFA director candidate? Read More
Fannie Working on Changes to Buyback Policies March 12, 2013 Paul Muolo Fannie Mae is working on changes that may give some mortgage bankers relief on buybacks. Read More
Warehouse Lenders Saw Commitments Jump in 2012 March 12, 2013 Paul Muolo When residential originations thrive, so does the warehouse lending sector, and 2012 was no exception.Read More
GOP Voices Concern on CFPB Contract Expenses, No Vote on Cordray This Week March 12, 2013 Thomas Ressler The GOP wants to know why the CFPB has spent so much money on outside contractors.Read More
Short Takes: Mortgage Master Top Lender in Massachusetts? / Nationstar Mortgage Executives Selling Shares / Help Save the FHA Multifamily Program March 12, 2013 George Brooks and Paul Muolo Is privately held nonbank Mortgage Master the Big Kahuna of residential lending in Massachusetts? Read More
Ocwen Continues to Gobble Up MSRs with $85B Ally Deal March 12, 2013 Paul Muolo The fast growing Ocwen Financial won the bid for Ally Financial's residential servicing portfolio.Read More