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Hedge Fund Buys Into Flagstar

December 4, 2020
Paul Muolo

Flagstar, a top-20 player in mortgages, recently posted a handsome $222 million profit for the third quarter.


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Architect of FHFA’s New Capital Rule, Adolfo Marzol, to Depart

December 4, 2020
Dennis Hollier

Marzol described the capital rule, which was finalized in November, as “a key milestone on the path to responsibly ending the conservatorships.”


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Congress Needs a Plan to Confront Foreclosures

December 4, 2020
Yemeng Yang
Immediate actions by lawmakers is essential to prevent a national foreclosure crisis early next year, consumer groups believe. In a new Census Bureau survey, more than a third of the respondents said they may face foreclosure or eviction in the next two months.
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Genworth-Oceanwide Merger Now Set for Dec. 31

December 4, 2020
Maria Volkova
The new deadline will allow Oceanwide to move forward with other regulatory measures needed to close the transaction after it was re-approved by the National Development and Reform Commission in China.
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Grapevine: Exactly How Much? / Crystal Ball Time

December 4, 2020
Paul Muolo
Time to start thinking about 2021? Sure, but lenders are plenty busy these days. The fourth quarter could be a barn-burner, just like 3Q20.
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Waiting for Word from Caliber on an IPO Date

December 4, 2020
Paul Muolo

A few weeks back, Caliber CEO Sanjiv Das was part of an online panel on affordable housing. The other panelists: former President Bill Clinton and Atlanta Mayor Keisha Lance Bottoms...


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Fannie and Freddie Lift Agency MBS to Another Monthly Record

December 4, 2020
John Bancroft

Among the top five agency MBS issuers for the 30-day period, just one was a depository: Wells Fargo at number three.


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Morgan Stanley Stocks Fresh Jumbos into Non-Agency MBS

December 4, 2020
Brandon Ivey

Quicken Loans is the top contributor to the new Morgan MBS, accounting for 36.3% of the collateral.


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LIBOR’s End May be Delayed. Legacy Contracts Hang in the Balance

December 3, 2020
The use of LIBOR as an index is slated to end in just under 13 months but the benchmark administrator has other ideas. One issue: legacy contracts.
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GSE Fears Averted, Can the Street Rest Easy?

December 3, 2020
Paul Muolo
Wall Street’s mind has been put to ease regarding an expedited conservatorship exit for Fannie and Freddie but concerns remain.
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