OCC Tells Fintech Firms It’s Open for Business, Send In Your Charter Apps… August 1, 2018 Paul Muolo There are dozens of residential lenders that use the phrase “fintech” to describe their activities, but whether they will file to become a depository is a different matter.Read More
The Poor Performance of the Fairholme Fund? Blame Fannie and Freddie August 1, 2018 Paul Muolo Fairholme: “Fund performance was disappointing in the first half mostly due to the decline in the preferred shares of Fannie Mae and Freddie Mac…”Read More
Treasury Likes Fintech but CSBS Has Major Concerns on Handing Out Charters August 1, 2018 Yemeng Yang The report makes more than 80 recommendations related to fintech and nonbank financial policy. Read More
New Report: Over Half of Flawed FHA Loans Were Cured August 1, 2018 George Brooks Roughly 59.8 percent of the reviewed loans were initially deemed unacceptable. Read More
Lenders Divided on Potential for Non-QMs. Demand Exceeds Supply? August 1, 2018 Brandon Ivey SG’s Justin Mahoney estimated that lenders participating in the panel were backed by $10 billion of capital aimed at expanded-credit products…Read More
Short Takes: Treasury Department Makes Recommendations on the FCA / A Strong Showing by Arch MI / Synergy One Looks to Add Loan Officers / Under a GOP FHFA Director, the Conservatorships Will End / Churchill Mortgage Names Regional Managers August 1, 2018 George Brooks and Paul Muolo A prediction: “Watch for an end to the GSE conservatorships under a Republican Director at the FHFA... Read More
Another Strong Profit for Freddie Mac: $2.4 Billion; A $1.6 B Dividend Payment is Expected July 31, 2018 Paul Muolo CEO Don Layton: "...we are generating a consistent stream of new innovations for our customers." Read More
The Key to the (Prime) Non-Agency MBS Market: Commercial Banks July 31, 2018 Brandon Ivey The participation of banks other than Chase and First Republic marks a significant shift in the prime non-agency MBS market.Read More
USDA to Charge Lenders ‘Tech Fee’ for Use of AU System July 31, 2018 George Brooks HUD has been trying unsuccessfully to obtain authority from Congress to charge a similar fee to modernize its aging information technology systems…Read More
Another Strong Profit for Freddie Mac: $2.4 Billion; A $1.6B Dividend Payment is Expected July 31, 2018 Paul Muolo Once the $1.6 billion is upstreamed to Treasury, Freddie will have an account surplus of $42.4 billion...Read More