Genworth Reports First Profitable Quarter for Mortgage Insurance Unit in Five Years May 1, 2013 George Brooks Not only is Genworth's mortgage insurance division in the black again, but it expects to stay profitable. Read More
Denver Nonbank W.J. Bradley Does Roll Up Deal with Washington Lender May 1, 2013 Paul Muolo W.J. Bradley isn't necessarily buying Legacy Group Lending, but the two firms are combining forces. Read More
Short Takes: FHFA Issues Progress Report on Securitization Platform / But Little Progress in Finding a Platform CEO / Union Bank Buys LPS Software / Ally Totally Out of MSRs / Shiller Not so Bullish on Housing May 1, 2013 Paul Muolo and Charles Wisniowski FHFA issues progress report on the "common securitization platform" but no CEO is in place yet. Meanwhile, Ally is out of MSRs totally.Read More
White House Pick of Rep. Watt for FHFA Job Wont Affect GSE Net Worth Debate May 1, 2013 Paul Muolo If Rep. Mel Watt gets the FHFA job will he tinker with GSE net worth minimums? Read More
Short Takes: Will Mel Watt or Mel Martinez Head FHFA? / Freddie Mac Tries to Help Lenders Prevent Buybacks / CoreLogic: Completed Foreclosures Decline / First Guaranty Hires TPO Chief April 30, 2013 Paul Muolo The White House continues to search for someone to head the FHFA. But will it ever officially introduce a candidate? Mel Watt's name has come up again.Read More
PennyMac's Mortgage Banking Arm Files Updated IPO Documents April 30, 2013 Paul Muolo PennyMac Financial Services could raise just over $200 million through an initial public offering of stock.Read More
FSOC Says MBS-Investing REITs are Highly Exposed if Rates Rise Quickly April 30, 2013 Brandon Ivey Publicly traded REITs that invest in MBS "borrow short" and "lend long." But is that a problem? It might be, says FSOC.Read More
Freddie Exec: Common Securitization Platform Builders Face Very Consequential Decisions' April 30, 2013 Charles Wisniowski It's not easy building a common securitization platform, so writes a Freddie Mac executive in a new blog posting.Read More
Known for its Jumbo Prowess, Union Bank Branches Out into Conventional Conforming April 30, 2013 Paul Muolo Union Bank hopes to make a big splash as a retail funder of Fannie Mae and Freddie Mac loans.Read More
SunTrust Mortgage Executive Seth Sprague Departs April 30, 2013 Paul Muolo Sprague, a veteran of SunTrust, Bank of America, and Matrix Capital, has joined Phoenix Capital. Read More