TheMReport

TH E M REP O RT | 33 S E R V I C I N G A NA LY T I C S S E C O N DA R Y M A R K E T DEPARTMENT ORIGINATION O R I G I NAT I O N DEPARTMENTS SERVICING ORIGINATION ANALYTICS SECONDARY MARKET WHAT'S INSIDE? 34 New Home Purchase Applications Slide in June 34 Mortgage Choice Act Clears House Vote 35 Mortgage Credit Access Increases in June 35 Homebuyers, Sellers Struggling to Adapt to Market Changes 36 Prepayments, Purchase Originations Trend Up 36 NAR: HAWK Program Could Do More 37 Mortgage Risk Index Declines Slightly 38 Cash Deals Decline, Remain King Among Low-Price Homes 40 Boston Fed: Tight Credit Still Choking Recovery 40 Report Highlights Price, Affordability Trends 44 CFPB Releases Guidance on Mini-Correspondent Brokers 45 FHFA Seeks Comments on Private MI Requirements 45 CFPB Clarifies Rule on Mortgage Heirs 46 FHFA Watchdog Voices Concerns Regarding Non-Bank Servicers 46 FHFA OIG Urges Legal Action on Force-Placed Insurance 47 HUD Secretary: 2012 Settlement Delivered on Promises 48 Road to Recovery Expected to Lengthen 48 Agencies Issue Guidance on End-of-Draw HELOCs 52 Standing, Declaratory Relief and Lost Assignments— Overcoming Procedural Hurdles 54 CoreLogic: More Flood Insurance Needed 55 Foreign Interest in U.S. Housing Grows 55 As Home Prices Grow, Wages Stagnate 56 Job Growth Takes Off in June; Unemployment at 6.1% 56 Consumers Confident for the Moment, But Glum About Future 57 Around the U.S. 58 China Set to Overtake Others in U.S. Homebuying 58 Home Sales Finding Positive Trend Again 59 Report: Weak Labor Market to Blame for Housing Weakness 59 Study: Generation Y Key to Stronger Recovery 60 OCC: Banks Taking on More Risks 61 Treasury Extends MHA, Renews PLS Push 61 Home Price Gains Leave RMBS Cushioned Against Economic Stress 61 $1B Fannie Mae Portfolio Hits Market 62 Watt: Skepticism Holding Down HARP Numbers 62 Ginnie Mae on Track to Surpass Freddie 62 Fannie's Book Shrinks for Sixth Straight Month 63 Business Shrinks Uninterrupted at Freddie Mac

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