Nation’s Third Largest Servicer Nationstar Agrees to Merge with KKR-Backed WMIH February 13, 2018 Paul Muolo Nationstar’s stock is publicly traded, but is majority owned by Fortress Investment Group, which late last year was sold to SoftBank.Read More
Nation’s Third Largest Servicer Nationstar Agrees to Merge with KKR-Backed WMIH February 13, 2018 Paul Muolo Nationstar’s stock is publicly traded, but is majority owned by Fortress Investment Group, which late last year was sold to SoftBank.Read More
Redwood Set to Issue One of its Largest Jumbo MBS Deals Ever (Post-Crisis Era) February 13, 2018 Brandon Ivey The GSE-eligible loans have an average unpaid principal balance of $549,259 while the non-agency mortgages have a UPB of $703,898…Read More
CFPB Issues Industry-Friendly Strategic Plan February 13, 2018 Thomas Ressler Acting CFPB Director Mick Mulvaney: “If there is one way to summarize the strategic changes occurring at the bureau, it is this: we have committed to fulfill the bureau’s statutory responsibilities, but go no further.”Read More
Trump Budget: DTA Hits Mean Treasury Draws for Fannie and Freddie. White House Wants to Cut Contributions to the Housing Trust Fund February 12, 2018 Paul Muolo Freddie Mac's Treasury draw is estimated at $400 million...Read More
Radian Unveils Reorg On How it Sells MI and Other Products. Industry Vet David Kittle Comes on Board February 12, 2018 Paul Muolo Under the new sales approach, the RMs will head divisions that sell the entire suite of Radian products...Read More
Short Takes: RESPA (TRID) Changes May Become Law / Watching the 10-Year (Rise) / Can Mulvaney Wear Three Hats? / Naming a Permanent CFPB Director / A New Hire for Silver Hill February 12, 2018 Paul Muolo and Thomas Ressler Another day and another increase in rates...Read More
Origination of Non-Agency Jumbos Fell 18 Percent in 2017 February 12, 2018 Brandon Ivey Wells Fargo had a more diverse product mix than its nearest rivals…Read More
The Correspondent Share of the FHA Market: 48.6 Percent February 12, 2018 John Bancroft The correspondent share of the FHA market rose to 48.6 percent last year…Read More
Housing Advocates Worried about Sen. Corker’s GSE Reform Draft February 12, 2018 Carisa Chappell The Center for Responsible Lending and other groups said the Corker draft threatens access, affordability and market stability…Read More
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