Standing in the Way of Huge GSE Earnings: Not Much October 22, 2020 Paul Muolo What might the GSEs earn in the third quarter? Based on their securitization volume, it should be a ton. Just subtract the COVID hit.Read More
Freedom Passes on an IPO But Taps Debt Market for $500M October 15, 2020 Paul Muolo and Yemeng Yang Freedom Mortgage isn’t likely to go public this year but it’s tapping the debt market once again. Fitch weighs in.Read More
All’s Quiet on the Ginnie PTAP Front. Maybe Later? October 8, 2020 Paul Muolo Accelerating delinquencies and forbearance claims have yet to cause a liquidity crisis for Ginnie Mae issuers. How can that be? Funny you ask... Read More
CSBS Moves Ahead with Nonbank Servicing Standards October 1, 2020 Paul Muolo and Brandon Ivey As nonbank MBS servicers continue to gain market share, additional regulation looms large. The latest effort comes from the CSBS. Read More
Raking in the Dough, PFSI Taps the Debt Market September 24, 2020 Paul Muolo Another day and another debt offering by a mortgage company. This time around the issuer is PennyMac Financial, a top-ranked Ginnie Mae issuer.Read More
The Coming Storm: A Resurgence in Ginnie Buyouts? September 17, 2020 Paul Muolo Ginnie Mae buyouts have simmered down the past few months but the improvement may be ephemeral. And nonbanks might be leading the charge.Read More
Rate-Lock Disaster Averted (for Now) Over GSE LLPA Charge August 27, 2020 Paul Muolo The controversial refi-related LLPA from Fannie Mae and Freddie Mac has been delayed until later in the year. Might it be killed outright? (Lenders can only hope.) Read More
New Requirements Issued for MyGinnieMae Users August 6, 2020 Maria Volkova Ginnie Mae’s online portal will be the sole avenue to access all its systems, including GinnieNET and GMEP, from Dec. 1.Read More
Ginnie Not Exactly Swamped with New Issuer Applications July 30, 2020 Paul Muolo Where are all the Ginnie Mae applicants? The waiting list has dwindled to a trickle. Reason: The pandemic and related issues. Read More
Should the Fed Create a Liquidity Facility for MBS? July 23, 2020 Paul Muolo Former Ginnie President and current PennyMac Director Ted Tozer thinks so.Read More