Navy Federal Sees Application Growth in No-Downpayment Product March 28, 2013 Paul Muolo Is Navy Federal's no-downpayment product safe? It believes so, and is quite happy with the delinquency experience on the loan but won't provide specifics.Read More
Short Takes: Genworth Moves Closer to Delinking MI Unit / The Hottest Real Estate Markets, According to Veros / Wells Fargo Loses a Regional Production Rep / The Fastest Growing Servicers are Franklin American and Quicken March 28, 2013 George Brooks and Paul Muolo Genworth moves closer to delinking from its mortgage insurance unit. Meanwhile, Wells Fargo has suffered the loss of a well-regarded regional rep.Read More
Armed with $500 Million in Cash, Sterling Now Actively Bidding on MSRs March 27, 2013 Paul Muolo Sterling Partners of Chicago is one of many private equity firms eying servicing rights as an investment. But so far, it has yet to win any bids.Read More
Servicers Will Solicit Candidates Under New FHFA/GSE Modification Initiative March 27, 2013 Paul Muolo Severely delinquent Fannie Mae/Freddie Mac borrowers may get a shot at a streamlined refi under a new program unveiled Wednesday.Read More
Short Takes: MBA Hikes Origination Forecast, Applications Rise / Rep. Waters Applauds Move to Ban Incentive Payments on Force-Placed / Appraisal Complaints Continue / EverBank is How Large in Warehouse Lending? March 27, 2013 Paul Muolo Residential loan production for 2013 may turn out to be better than originally projected, thanks to a vastly improved purchase-money business. Read More
Short Takes: Are Loan Standards Really Loosening? / Two Harbors Looking Frothy? / Oil, Gas, and Servicing / Senate Banking Committee Chairman Retiring? / The Never Dying Story: Force-Placed Insurance March 26, 2013 George Brooks, Paul Muolo, and Thomas Ressler Urban legend: mortgage lenders are beginning to loosen loan standards. Well, maybe only for "rich" clients.Read More
Are Nonbanks Aggressively Courting LOs From The Megabanks? March 26, 2013 Paul Muolo One loan officer was lured away by an offer of making $20,000 per month, Inside Mortgage Finance was told. Read More
Ex-Encore Chief Daurio Says He Has $100 Million in Commitments for Subprime March 25, 2013 Paul Muolo A third non-agency, nonprime lender may come into being this year.Read More
Senate Passes Budget, Including Ban on Using G-Fees for Non-Fannie/Freddie Expenditures March 25, 2013 Paul Muolo As part of the budget, an amendment passed the Senate that would prevent any hike in g-fees for non-housing issues.Read More
Short Takes: Phyllis Caldwell, FHFA Chief? / No Independent IG for CFPB? / Two Harbors Raises More Money / No Word on MBS M&A March 25, 2013 Paul Muolo and Thomas Ressler Who is Phyllis Caldwell, and why is she being mentioned for the FHFA job?Read More