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Liquidity in the MBS and ABS Markets: As Strong as It’s Ever Been…

September 20, 2017
Brandon Ivey
“Liquidity is strong across the spectrum and probably the best we’ve ever seen for structured products,” said Scott Levy, a senior managing director at Guggenheim Securities…
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United Wholesale Keeps Funding Startup Grants for Brokers, but Would Like Some Company

September 20, 2017
Paul Muolo
UWM CEO Mat Ishbia noted that his company does not have a say on which applicants ultimately get picked by NAMB, though the lender does have one representative on the review panel.
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Short Takes: Did Wells Dodge a Bullet on its CFPB Fine? / A ‘Recommendation Memorandum’ / No Effect on Wells’ Mortgage Business / Subject the CFPB to Appropriations / Stearns Goes ‘Digital’

September 20, 2017
Brandon Ivey, Paul Muolo, and Thomas Ressler
Wells Fargo could have been subject to a whopping $10 billion fine...
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Houston Court Drives Final Nail into Allied’s Coffin, Imposes Total Damages of $293 Million

September 20, 2017
George Brooks
The case started back in 2011 as a “whistleblower” lawsuit filed in New York. Allied, a net branch operator, was based in Houston.
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Depositories Continue to Place First Liens in Portfolio

September 19, 2017
Brandon Ivey
Trends in portfolio management were somewhat mixed among the top 10 holders of first-lien mortgages…
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House FSC to Work on GSE Reform Again. (Hint: It Looks like the PATH Act)

September 19, 2017
Brandon Ivey
At the ABS East show, Rep. Barr didn’t provide further details about Republican plans for the GSEs…
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Mortgage M&A Chatter Continues. Medium-Sized Shops Are Targets

September 19, 2017
Paul Muolo
Rick Roque, who runs Menlo, an M&A advisory firm, said he knows several owners who are contemplating a sale…
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Caliber Ramps Up Non-QM Lending Big Time

September 19, 2017
Brandon Ivey
Caliber plans to originate at least $1 billion of non-QM residential loans this year…
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New Poll: Industry Says Let Congress Fix the GSEs

September 19, 2017
Paul Muolo
Congress is not expected to produce workable GSE legislation until next year and even then, other issues – tax reform, another run at fixing “Obamacare,” for example – could kick the can down the road.
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Federal Court Sanctions the CFPB for Deposition Conduct

September 19, 2017
Thomas Ressler
When the depositions finally occurred, a CFPB witness used “memory aids” to deliver rote, sometimes unresponsive answers to questions.
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