OCC Tells Fintech Firms It’s Open for Business, Send In Your Charter Apps… August 1, 2018 Paul Muolo There are dozens of residential lenders that use the phrase “fintech” to describe their activities, but whether they will file to become a depository is a different matter.Read More
Nonbank Capital Becoming Increasingly Important, but IPO Market Still Weak July 31, 2018 Paul Muolo In the world of finance, it’s not where you’ve been – but where you’re going.Read More
Short Takes: The $600,000 Man / Freddie CEO Layton Says He Thinks About Leaving … And Staying / More CRTs on the Way? / FHFA Extends Capital Comment Period / A New Hire for MGIC July 31, 2018 Paul Muolo and Carisa Chappell Layton said Freddie is exploring the use of additional credit risk transfers...Read More
USDA to Charge Lenders ‘Tech Fee’ for Use of AU System July 31, 2018 George Brooks HUD has been trying unsuccessfully to obtain authority from Congress to charge a similar fee to modernize its aging information technology systems…Read More
Another Strong Profit for Freddie Mac: $2.4 Billion; A $1.6B Dividend Payment is Expected July 31, 2018 Paul Muolo Once the $1.6 billion is upstreamed to Treasury, Freddie will have an account surplus of $42.4 billion...Read More
Another Strong Profit for Freddie Mac: $2.4 Billion; A $1.6 B Dividend Payment is Expected July 31, 2018 Paul Muolo CEO Don Layton: "...we are generating a consistent stream of new innovations for our customers." Read More
The Key to the (Prime) Non-Agency MBS Market: Commercial Banks July 31, 2018 Brandon Ivey The participation of banks other than Chase and First Republic marks a significant shift in the prime non-agency MBS market.Read More
Short Takes: FHFA IG Probe of a Conflict by a Fannie Mae Executive? / Watt Says He Agrees with Two Recommendations in the IG Report / AMC in a Growth Mode / An Upgrade on Verus MBS / A Promotion at Altisource July 30, 2018 Paul Muolo, Brandon Ivey, and Carisa Chappell In response to IG Report, FHFA Director Mel Watt said he agrees to “both” the recommendations made by IG Laura Wertheimer and will implement them…Read More
Speculation Mounts: Will Watt Step Down Early from the FHFA? July 30, 2018 Paul Muolo EEO investigations, according to one observer, must be completed within 180 days.Read More
Neuberger Berman Enters Non-QM MBS Market with a $485.5 Million Deal July 30, 2018 Brandon Ivey Impac was a major contributor to the non-QM MBS with a 59.6 percent share…Read More
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