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
SEC Nominee Mary Jo White: Enforcement a “High Priority” March 12, 2013 Charles Wisniowski Wall Street executives involved in MBS fraud may not be off the hook quite yet.Read More
Supreme Court Opinion May Ultimately Limit MBS Damages March 12, 2013 George Brooks A new Supreme Court opinion may force the SEC to speed up its investigation of certain MBS fraud cases. 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
RSS