Finance

Bob Ryan, a senior HUD official who launched FHA’s foray into risk management as it pertains to lenders, has accepted a position with Wells Fargo Home Mortgage.

Stephen Cross, the Federal Housing Finance Agency’s deputy director of its Division of Federal Home Loan Bank Regulation, will retire in March.

Issuance of Government National Mortgage Association-backed MBS jumped 12% in November on a sequential basis.

Consumer advocates and mortgage bond investors have alleged that banks and insurers grossly inflate the cost of such policies, overcharging struggling homeowners and investors by hundreds of millions of dollars.

A delay of Bank of America Corp.’s return to selling mortgage securities shows the housing bust is still limiting the market’s revival.

Treasuries fell after Federal Reserve officials said they'll expand their third round quantitative easing with additional asset purchases.

Having a business plan for when refinancings go away.

Although Bank of America exited the correspondent channel earlier this year, its Merrill Lynch affiliate is aggressively bidding on jumbo loans in the secondary market.

The Federal Housing Administration's fiscal year 2012 actuarial study for its main single-family program shows that its capital position has turned negative, by $13.5 billion.

Thirty-year conventional prepayment speeds overall dropped 8% in the latest month.

Research looking into the increasing gap between primary and secondary mortgage rates suggests that there are some factors to watch which affect these going forward.

The White House has been unhappy, to some degree, with Edward DeMarco because of his refusal to allow the GSEs to write down the principal on underwater loans as a restructuring tool.

Ed Pinto says 40% of FHA loans are subprime and are hurting neighborhoods.

PennyMac is experiencing explosive growth in the correspondent channel.

The correspondent channel accounted for 49% of Wells Fargo’s residential production in the third quarter.

Unemployment is one of the reasons why the recovery is a slow one.

Allonhill workers who lost their jobs were working on transactional due diligence accounts.

Rumors abound of new jumbo conduits, and there seems to be a little more fire to the smoke than earlier in the year.

Consumers want things done quicker, while regulators want them done right; both will hold the originator responsible.

Is the Federal Reserve gobbling up so much mortgage-backed securities in the secondary market that it’s creating a shortage?