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Redwood CEO: JPMorgan ‘Ahead of Everybody Else’ with Non-Agency MBS Packed with GSE-Eligible Loans

September 28, 2016
Brandon Ivey
The Redwood CEO said the MBS offer a number of benefits to Chase, including effectively cutting the guaranty fee…
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Ginnie Mae Keeping a Close Eye on Servicing Sales, Liquidity

September 28, 2016
George Brooks
Ginnie Mae wants to make sure that issuers are not selling all their good loans and retaining the potential dregs…
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HUD Rolls Out New Rules for Condo Projects; ‘Spot Approvals’ Reinstated

September 28, 2016
George Brooks
In addition, HUD proposes to vary its owner-occupancy requirement…
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Analyst: PHH Corp. Is Just too Cheap; But Will a Buyer Emerge?

September 28, 2016
Paul Muolo
A decade ago, PHH Mortgage had several suitors, including Countrywide Financial, which once coveted its private-label business…
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Short Takes: So Long to GSE Plaintiff Perry Capital / Lost Cause? / GSE Common is Cheap / RBS Settles CU MBS Case / Front-end or Back-end?

September 28, 2016
Paul Muolo
Closing the fund means that Perry Capital will have to liquidate its holdings – including its positions in Fannie and Freddie...
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VA Lending Up Almost 30 Percent; Nonbanks Dominate

September 27, 2016
George Brooks
Among the top 20 VA lenders, just six depositories made the cut: USAA, Navy Federal, Wells Fargo, Flagstar Bank, The Federal Savings Bank and North American Savings Bank…
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Booming MBS Issuance and Uptick in Rates Should Translate into Stellar 3Q Results for Fannie and Freddie. Right?

September 27, 2016
Paul Muolo
The irony is that lower rates translate into robust originations and guaranty fee income, but can cause problems on the hedging side of the equation.
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‘Big’ M&A Announcements Slated for MBA Convention in Boston?

September 27, 2016
Paul Muolo
Most of the firms looking to buy other shops are nonbanks…
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Ditech Readies $300 Million ABS Backed by Servicing Advances

September 27, 2016
Brandon Ivey
A few days ago, Ditech’s parent company filed an 8-K with the SEC, disclosing delinquency information on its GSE servicing portfolio.
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Freddie Mac Rolls Out Front-End Risk-Sharing Pilot; But No Benefit for Lenders

September 27, 2016
Paul Muolo
One trade group source had this to say about the arrangement: “There’s no g-fee break? Then it doesn’t sound like front-end coverage that helps lenders.”
Read More
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