Compliance & Regulation

Home sales will rise, home price appreciation will slow, purchases will dominate, government-related securitizations will drop, and commercial ones will grow, according to these forecasts. (Image: Fotolia.)

The company sold a bank trust-preferred collateralized debt obligation with a par value of about $2.7 million for $700,000

This segment has some vitality after three of the top four buyers had pulled out starting last year.

PennyMac Mortgage Investment Trust’s board has declared a cash dividend for the fourth quarter of 2013 in a move that marks a change in policy.

The framework allows for a range of assets to be used as collateral for covered bonds, including residential mortgages, municipal bonds and mortgage bonds.

The Federal Housing Administration is handcuffed but Fannie Mae and Freddie Mac’s new regulator is expected to favor broader mortgage financing terms for borrowers.

Mortgage brokers will continue to survive under the qualified mortgage rule.

The benchmark yield rose above 3% for the first time in three months before fluctuating as investors weighed the Fed’s decision last week to start cutting bond-buying in January.

Ocwen has a reputation for writing down principal of nonperforming mortgages faster than many bank servicers or its nonbank servicing peers.

There are certain compliance requirements/items that a lender should have done already (or should do immediately) given the January deadline for regulatory change that is almost upon the industry.