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MBS Issuance by the GSEs/Ginnie Soars to a Six-Year High

January 9, 2020
John Bancroft

Meanwhile, when it comes to the top seller/issuers, Quicken Loans was not too far behind market leader Wells Fargo: $126.9 billion to the megabank’s $132.4 billion…


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Regulators Warn Mortgage Firms Against Cyber Attacks

January 9, 2020
Yemeng Yang
Mortgage firms must remain vigilant over possible cyber attacks by Iranian hackers in retaliation for the killing of the country’s top military commander, U.S. financial regulators warn.
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FHFA Chief: No Decision Yet on Using a ‘Consent Decree’ for Fannie and Freddie

January 9, 2020
Dennis Hollier

Any new offering of stock by the GSEs likely won’t commence until 2021, though the situation is fluid...


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MSR Owners Must be Licensed in New Jersey

January 9, 2020
Yemeng Yang
New Jersey clarified that investors in mortgage servicing rights must obtain a “servicer” license in the state even if they do not handle the monthly processing chores.
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New Residential Preps First Expanded-Credit MBS of the Year

January 9, 2020
Brandon Ivey

The $278.5 million expanded-credit MBS from New Residential Investment Corp. is somewhat smaller than any of the five deals the firm issued in 2019.


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Short Takes: Fintechs Gain in Mortgages / Defining ‘Fintech’ / Weaker Applications / Dealing with New York Zombies / Plaza Hires loanDepot Exec

January 8, 2020
Paul Muolo and Yemeng Yang

Okay, but what’s a fintech?


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Deephaven Non-QM Executive Jumps Ship for Competitor Sprout

January 8, 2020
Paul Muolo

Sprout was launched last decade by nonprime veteran Michael Strauss...


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Complaints Filed with the CFPB Down in 4Q but Up for the Year

January 8, 2020
Yemeng Yang

The credit reporting agencies (Equifax, Transunion and Experian) continue to draw a large chunk of the complaints…


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Short Takes: Surprise: A Nonprime IPO / PIMCO’s Fingerprints / Ocwen Rising (for Now) / SitusAMC, a Leader in Due Diligence / National MI Promotes Fitzgerald

January 7, 2020
Paul Muolo and Brandon Ivey

Overall, 7.25 million shares of Velocity will be offered to the public.


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The CFPB Outlook: A Full Agenda in 2020 Amid Uncertainty

January 7, 2020
Yemeng Yang

The bureau could grant a short-term extension of the QM patch pending the rulemaking.


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