Impac’s Two $6M Men Got Their Pay Slashed in 2017 May 2, 2018 Paul Muolo Impac has yet to disclose when it might release first quarter results.Read More
Freddie Posts Strong 1Q18 Profit Thanks to G-Fee Income, Gains from Derivatives (and No More DTA Hits) May 1, 2018 Paul Muolo In the first quarter of 2018, Freddie issued $63.9 billion of single-family MBS, a 37.2 percent sequential drop...Read More
The Nonbank Share of GSE Servicing Now Stands at 37.5 Percent – and Growing May 1, 2018 John Bancroft Matrix Financial Services is another nonbank rapidly climbing the GSE servicing ranks…Read More
The GSE Reform Bust Blues: Worrying About Mel Watt’s (Potential) Successor at the FHFA May 1, 2018 Paul Muolo There’s been speculation that when the Trump administration picks Watt’s successor, one of the first things that person might do is impose a loan-size purchase limit on the two government-sponsored enterprises. Read More
Consumer Mortgage Complaints Take a Dive May 1, 2018 Yemeng Yang Total gripes filed during 1Q18 were down 36.3 percent from a year ago…Read More
Freddie CEO Don Layton Weighs in on IMAGIN Pilot Program May 1, 2018 Carisa Chappell Early on, research firm B. Riley FBR described IMAGIN as “an offshore structure [that] could enable a lower price.”Read More
Freddie Posts Strong 1Q18 Profit Thanks to G-Fee Income, Gains from Derivatives (and No More DTA Hits) May 1, 2018 Paul Muolo Even though the GSE posted a strong profit, it saw MBS issuance fall 37.2 percent in the first quarter... Read More
Short Takes: Freddie Mac Multifamily Continues to Shine, but… / UWM Rolls Out New Website / Seed Money / Nationstar Looking at a Large MSR Markup? / Mulvaney: I’m Not Running a Yelp / New Hires for Freddie, Angel Oak May 1, 2018 Paul Muolo and Yemeng Yang Not too long ago, UWM rolled out a $500,000 grant program designed to allow LOs to start their own loan brokerage firms...Read More
CMLA Picks Industry Vet Ed Wallace as New Director April 30, 2018 Paul Muolo CMLA favors a recapitalization and reform plan for Fannie Mae and Freddie Mac, one where they are transformed into “utilities.”Read More
Agency Servicing Transfers Slowed in Early 2018 April 30, 2018 John Bancroft In 1Q18, the top three coissuance sellers of servicing rights were Fairway Independent Mortgage, Finance of America, and Movement Mortgage.Read More