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Genworth Spins Off Enact PMI Unit in $253 Million IPO

September 16, 2021
Monica Hogan
The lead book-running managers on the IPO were Goldman Sachs and JPMorgan Securities...
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Fannie/Freddie MSR Package Available for Purchase

September 16, 2021
Paul Muolo
Bulk MSR auctions have been slow of late, with some participants reporting an increase in privately negotiated transactions.
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Surprise: FHFA Introduces New GSE Capital Mandates

September 16, 2021
Dennis Hollier
For months, the FHFA was working on a new capital regime for Fannie Mae and Freddie Mac. Few were even aware of the exercise. But now it’s here.
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Investors Like the Sound of ‘FHFA Director Calhoun’

September 16, 2021
Dennis Hollier
Analysts speculate on the apparent choice of Mike Calhoun as FHFA director even though the White House has yet to formally nominate him.
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Wells Still No. 1 in MSRs, but OCC Sanctions Loom Large

September 16, 2021
Paul Muolo
Wells Fargo could clean up as a seller of mortgage servicing rights (if it wanted to) but a new round of sanctions is clouding its future in residential finance.
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Non-QM Lenders Ready to Move Forward After COVID

September 16, 2021
Brandon Ivey
Non-QM lenders believe the market is going to grow. The optimism has yet to be reflected in market share, but there’s always next year.
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Biden’s Affordable Housing Plans Raise Some Concerns

September 16, 2021
Dennis Hollier
Trade groups criticize funding mechanisms of Biden plans to promote affordable housing and fair lending while also saying the blueprints aren’t ambitious enough.
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Grapevine: A Mixed Opinion of Calabria? Squirrels?

September 16, 2021
Paul Muolo and Monica Hogan
Assessing the legacy of former FHFA Director Mark Calabria: Did he do more harm than good? All depends on your line of business.
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The Next FHFA Director? The Situation Is Fluid

September 15, 2021
Dennis Hollier and Paul Muolo
Missing in action from the White House nominee list: Mike Calhoun...
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Adjustable-Rate Mortgage Lending Ticks Up in Second Quarter

September 15, 2021
Brandon Ivey
ARMs. Remember those? Lenders are still making them...
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