MBS RECAP: Best Closing Levels since May 2013
By Matthew Graham Posted To: MBS Commentary Both Treasuries and MBS hit their best closing levels since May 2013 today as the global flight-to-safety continues.…
Day: January 6, 2015
MERS Wins Victory in Illinois Court Over Authority to Act as Mortgagee
By Brian Honea An Illinois court ruled on Tuesday that mortgages naming Mortgage Electronic Registration Systems, Inc. (MERS) as the mortgagee are valid an enforceable,…
Michigan Lender to Pay $4.2M in Fraud Settlement
By Brian Honea Southfield, Michigan-based lender GTL Investments, Inc., recently agreed to pay $4.2 million to settle claims regarding the origination of federally-backed mortgage loans…
Fannie Mae CEO Warns of Reform Risks
By Brian Honea Speaking as a guest presenter at the Rotary Club of Atlanta on Monday, Fannie Mae President and CEO Timothy Mayopoulos warned against…
HUD Secretary Castro to Speak at DC Luncheon on January 13
By Brian Honea U.S. Department of Housing and Urban Development (HUD) Secretary Julián Castro is scheduled to speak at the National Press Club (NPC) luncheon…
Opportunity Knocks as Mortgage Rates Surge Lower
By Matthew Graham Posted To: Mortgage Rate Watch Mortgage rates are on an absolute tear. In the past 2 days, they’ve rocketed a full eighth…
Servicing Rights for GSE Portfolio Worth $4.2 Billion For Sale
By Tory Barringer According to MountainView Servicing Group, which is acting as facilitator for the sale, the portfolio is entirely made up of fixed-rate and…
Ellie Mae Promotes Corr to CEO
By Tory Barringer In California, mortgage software and services provider Ellie Mae announced the promotion of Jonathan Corr to the position of CEO. The post…