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mortgage-backed securities (MBS)

Ocwen Launches REALPortal Platform

Ocwen New Logo

Ocwen Financial Corporation has announced the re-launch of a free database of loan-level data for mortgages serviced by Ocwen in private label mortgage-backed securities (MBS), powered by the REALPortalClick to continue

Elizabeth Warren Takes Jabs at Obama, the Fed and the FHFA

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Sen. Elizabeth Warren (D-MA) has taken new aim at the Obama Administration, Federal Reserve and the Federal Housing Finance Agency (FHFA) with the public charges that they are not doing enough to help the public struggling in the still-weak economy.Click to continue

Fed Announces End to Quantitative Easing

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The Federal Reserve has declared that the economy has strengthened enough to warrant the discontinuation of its quantitative easing (QE) efforts.Click to continue

Ginnie Mae Announces Changes in Issuer Requirements

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Ginnie Mae has announced several new Issuer requirement changes, as well as a new Issuer scorecard as part of a larger strategic effort to appropriately manage risk and resources within an evolving housing finance market.Click to continue

HSH.com: Drop in Rates to Signal Refi Rebirth?

House Atop Money/Credit: Creatas

Rates on the most popular types of mortgages declined substantially according to HSH.com's Weekly Mortgage Rates Radar. The average rate for conforming 30-year fixed-rate mortgages fell by 10 basis points (0.10 percent) to 4.09 percent. Conforming 5/1 Hybrid ARM rates decreased by 12 basis points (0.12 percent), closing the Wednesday-to-Tuesday wraparound weekly survey at an average of 3.10 percent.Click to continue

GSF Mortgage Becomes a Ginnie Mae Issuer

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GSF Mortgage has announced that it has been approved as a Ginnie Mae Issuer. Ginnie Mae facilitates the securitization of government-insured products. They are not in the business of making or purchasing mortgage loans and does not buy, sell or issue securities. Ginnie Mae guarantees investors timely payments of principal and interest on mortgage-backed securities (MBS) backed by federally insured or guaranteed loans—typically loans insured by FHA and VA.Click to continue

Richmond Fed Chief Upset on MBS Policy Shift

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Jeffrey M. Lacker, president of the Federal Reserve Bank of Richmond, has openly questioned a key aspect Wednesday’s decision by central bank’s Federal Open Market Committee (FOMC) regarding the long-anticipated policy shift away from tapering.Click to continue

Tales From the Closing Table

Board Meeting/Credit: Brand X Pictures

The mortgage closing transaction is the single largest financial transaction in the lives of most consumers, and it is also the riskiest stage of the mortgage process for lenders. While the vast majority of lawyers and notaries and title agents are experienced, ethical and diligent professionals, for a few the role of closing agent is too tempting a lure for selfish criminal intent. This monthly column addresses the good, the bad and the ugly …Click to continue

FHFA Reaches $3.15 Billion MBS Settlement With Goldman Sachs

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The Federal Housing Finance Agency (FHFA), as conservator of Fannie Mae and Freddie Mac, has announced it has reached a settlement with Goldman Sachs, related companies and certain named individuals. The settlement addresses claims alleging violations of federal and state securities laws in connection with private-label mortgage-backed securities (PLS) purchased by Fannie Mae and Freddie Mac between 2005 and 2007.Click to continue