What We’re Hearing: Not Much Time Left for the GSE ‘Gang of Four’ / Don (Heart) Fannie and Freddie / Go Ahead, Keep on Suing / Why Join a Company That’s in Conservatorship? / CoreLogic Reduces its Head Count / CMLA Not Amused March 30, 2018 Paul Muolo At yearend 2017, CoreLogic employed 5,900, a reduction of 400 full-timers over the previous 12 months...Read More
Freddie Mac Taps CoreLogic’s Sam Khater as New Chief Economist March 29, 2018 Paul Muolo A spokeswoman for CoreLogic confirmed that Khater is leaving the company…Read More
GSE NPL Sales Tanked in 2017 – And That’s a Good Thing March 29, 2018 Paul Muolo The FHFA noted that the GSE NPL auctions are open to any qualified bidder…Read More
Reg Relief Bill Stalled in the House, Frustration Mounts March 29, 2018 Yemeng Yang House Financial Services Committee Chairman Jeb Hensarling said the GOP is trying to negotiate in good faith…Read More
Financing Flips: Flippin’ Good Volumes Last Year March 29, 2018 George Brooks Several lenders now provide financing to this unique niche and more might join the party as 2018 progresses.Read More
Concerns Remain About Impact of Portfolio QM March 29, 2018 Brandon Ivey Moody’s noted that if the provision becomes law, small banks won’t have to meet certain documentation requirements included in the CFPB’s ability-to-repay rule…Read More
Megabanks and Even Nonbanks Continue to Rely Heavily on Correspondent Channel for Government Loans March 29, 2018 George Brooks The megabanks and some top ranked nonbanks rely heavily on correspondent purchases to gather FHA and VA loans…Read More
Fannie, Freddie Common Testing New 52-Week Lows March 29, 2018 Paul Muolo The U.S. Treasury controls the senior preferred shares of the GSEs, but has no positions in the common.Read More
Short Takes: Banks with Strong Mortgage Ops Set to Merge / RoundPoint Gets Aggressive on Hiring / Not for Sale Anymore? / Home Point Hires Chief Production Officer / DocMagic Signs up Deutsche Bank / Former Nomura Trader Joins Angel Oak March 29, 2018 Paul Muolo Look for a lot more mergers this year. Then again, if rates dive, all bets might be off...Read More
Servicing-Released Premiums the Best They’ve Been in Years? March 28, 2018 Paul Muolo Wells Fargo and JPMorgan Chase are among the megabanks driving SRP pricing…Read More
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