Short Takes: $750 Million of NPLs to Bid This Week / Two Harbors in the Hunt for ‘Re-performing’ / Investors Will Continue to Dump Non-Agency MBS / NAFCU Upset with FHFA Edict on QM / Former Ally Executive Gets Hired by MBS Group May 8, 2013 Brandon Ivey, Paul Muolo, and Thomas Ressler A $750 million offering of nonperforming mortgages is expected to go down this week. Meanwhile, NAFCU is mad at FHFA over the QM rule.Read More
Two Harbors Reveals Name of Mortgage Banker it Purchased May 8, 2013 Brandon Ivey Besides entering the servicing arena, Two Harbors Investment Corp. is building an originator network to issue non-agency jumbo mortgage-backed securities on its own.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
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
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
FHFA Limits GSEs to Only ‘Qualified Mortgages,’ So Long Interest-Only Loans May 6, 2013 Charles Wisniowski It's official: Come January of next year, Fannie Mae and Freddie Mac will only be able to purchase qualified mortgages. Read More
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