Paul Muolo

Fannie Mae, in a new SEC filing, says that in late January it cut off Bank of America from selling most types of loans to the GSE because of "delays" by the lender in making good on outstanding buyback requests.

Just how hungry is Ocwen Financial Corp. for servicing rights? In a new filing with the Securities and Exchange Commission the nonbank servicer discloses that it is currently reviewing $300 billion of MSRs for purchase.

Fannie Mae has hired Wells Fargo mortgage executive Anthony 'Tuck' Reed as a senior executive in charge of customer strategy and support in its single-family business.

EverBank, which has been carefully growing its mortgage business the past few years, has agreed to purchase the warehouse division of MetLife, the company confirmed to National Mortgage News.

The government-owned Ally Financial has issued an offering book on Residential Capital Corp. in the hope that it can finally unload its money-losing mortgage division and take the rest of the company public, according to investment bankers familiar with the matter.

Although insurance conglomerate MetLife failed to unload its residential lending division, it has found a buyer for its warehouse business, according to industry officials close to the matter.

While Bank of America is shedding mortgage servicing rights en masse, dozens of small- to medium-sized mortgage firms have been contemplating keeping the new MSRs they create instead of selling their loans.

CitiMortgage, the nation's sixth largest residential wholesaler, Wednesday afternoon informed its loan brokers that it will cease table funding loans next week as it prepares to exit the channel.

The Federal Housing Finance Agency is preparing to back away from a controversial plan to overhaul the servicing fees paid on Fannie Mae and Freddie Mac loans, after intense, across-the-board industry opposition to the idea.

The president of the Government National Mortgage Association, Ted Tozer, has been trying in vain to get more mortgage companies to issue mortgage-backed securities, but Wells Fargo & Co. continues to increase its grip on the government market.

Redwood Trust is starting to feel like the Maytag repairman of the jumbo mortgage-backed securities market.

Caliber Funding LLC in Irving, Texas, is talking with several loan officers and support staff who worked at MetLife Home Loans and may wind up hiring upward of 300 full-timers, according to officials familiar with the situation.

Bank of America mid-week told its retail loan officers nationwide that the lender will halt, for now, originations of cash-out refinancings, citing what it calls a "surge of refinancing activity" and capacity problems.

The nation's attorneys general, the Department of Justice, and HUD are "very close" to finalizing a legal settlement to settle 'robosigning' allegations levied against the nation's dozen or so top ranked servicers, HUD secretary Shaun Donovan said Wednesday morning.

Three months after putting its "forward" mortgage origination business on the block, MetLife announced Tuesday it had shut the operation down.

Investors holding at least $800 million of secured bonds in Residential Capital, which does business under the brand name GMAC Mortgage, have organized in the event the firm's parent, Ally Financial, throws the company into bankruptcy.

Mortgage applications fell almost 4% for the holiday week ending December 30, according to new figures compiled by the Mortgage Bankers Association. The decline is calculated on a sequential basis.

Publicly traded REIT Two Harbors Investment Corp. is laying the groundwork for a $200 million jumbo MBS deal, partnering with Barclays Bank PLC.

EverBank Financial is considering buying parts of MetLife Home Loans of Irving, Texas, according to industry advisors.

Residential loan applications fell by almost 3% for the week that ended Dec. 16, despite continued historically low rates, according to figures compiled by the Mortgage Bankers Association.