Investors in Walter Get a Sweet Deal: a 9 Percent Note Rate January 30, 2018 Paul Muolo According to a new SEC filing, the unsecured notes previously matured in 2021 and carried a yield of 7.88 percent.Read More
Short Takes: Mnuchin Says Treasury Remains Committed to GSE Reform / The 30-Year FRM Must Survive / More Private Capital, Yes / Thomas Marano’s New Problem to Solve: Walter / After 25 Years, Exec Bolts PHH for Home Point January 30, 2018 Paul Muolo and Carisa Chappell Mnuchin said the 30-year FRM cannot survive without Fannie and Freddie...Read More
More Lenders Contributing to Prime Jumbo MBS; Flagstar Becomes a Player January 30, 2018 Brandon Ivey Flagstar contributed $1.02 billion to jumbo MBS last year, or 9.4 percent of the total market…Read More
Wells Fargo Names Michael DeVito Permanent Head of Home Lending January 30, 2018 Paul Muolo DeVito will report to Mary Mack, senior executive vice president of community banking and consumer lending. Read More
Dever, Iannicola Latest Additions to Short List for CFPB Director. Or Maybe Jerry Buckley? January 30, 2018 Thomas Ressler “Jerry Buckley would fit the bill perfectly,” said one industry lobbyist... Read More
Industry Starts to Worry as Yield on the 10-Year Hits Yearly High; Insolvencies? PHH Falls to 52-Week Low January 30, 2018 Paul Muolo The only firms that are feeling overly bullish are nonprime shops such as Angel Oak and Citadel Servicing…Read More
Short Takes: Women Mortgage Bankers Weigh In on Sexual Harassment / How the Survey was Conducted / Part of a Broader Conversation / A Whopper of an MF Loan Using Fannie Mae’s Money / NAR to FHFA: Reduce G-Fees Now / Mortgage Tech Vendor Gets New President January 29, 2018 Paul Muolo In total, 13.5 percent of the 2,000 women who were sent the survey responded. Read More
New Milken Institute Report: The ‘Protected’ GSE Duopoly Must End January 29, 2018 Paul Muolo The authors note that 90 percent of Fannie/Freddie MBS trading occurs in the TBA forward market.Read More
Mortgage Bankers Have Tough Time Reducing LO Compensation January 29, 2018 Paul Muolo Industry consultant Joe Garrett: “Commissions to retail loan officers are still just about the biggest expense in the industry.”Read More
MGIC and NMI Restrict Loans with DTIs North of 45 Percent January 29, 2018 George Brooks MGIC said the origination of such loans accelerated last summer when Fannie Mae eased guidelines on loans with 45 percent and above DTI.Read More
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