IMFnews - Page 1423 | Inside Mortgage Finance

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.

Demand for Prime Mortgages Continues to Strengthen

May 8, 2013

Thomas Ressler

Roughly 75 percent of bank loan officers cited put-back risk by Fannie Mae and Freddie Mac as an important factor limiting their current ability or willingness to approve home-purchase loans.

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.

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.

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.