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September 3, 2014

Short Takes: IMA Selling $4 Billion of Fannie MSRs / PennyMac Looking to Buy MSRs? / New Final Rules From FHA / HSBC Sells Receivables / Carrington Mortgage Hires Ex-JPM Executive

By Paul Muolo and George Brooks

It appears that PennyMac Financial Services is in the market to buy MSRs...

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After the November elections, how long will it take for a new Congress and White House to pass GSE reform legislation?

I’m confident a bill will be passed the first year.


2 to 3 years. GSE reform is complicated.


Sadly it won’t happen in a Clinton or Trump first term.


Not in my lifetime.


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