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AMC Dominates Third-Party Due Diligence Completed on Non-Agency MBS

December 20, 2016
Brandon Ivey
Fitch said AMC’s market share of due diligence on non-agency MBS was boosted by the acquisition of JCIII & Associates a year ago.
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Ginnie Mae President Ted Tozer Set to Leave Jan. 20, but Would Like to Remain as a Consultant (For a While)

December 20, 2016
Paul Muolo
Since the election, Tozer has met with the Trump Department of Housing and Urban Development “landing team” once, for a 90 minute meeting that included Shawn Krause…
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The NYCB-Astoria Financial Merger is Kaput

December 20, 2016
Brandon Ivey
Consumer advocates were among the groups that opposed NYCB’s acquisition of Astoria…
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New Penn CEO Jerry Schiano Launches ‘Home Equity’ Lender Targeting the ‘Underserved’

December 20, 2016
Paul Muolo
The startup is emphasizing its “user-friendly digital” loan process…
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Short Takes: MSR Markups Could be Off the Charts / Good News for Ocwen, Nationstar, PHH, Others… / Habib on Rates / Greystone’s Freddie MF Loan / Selene Unveils Staff Changes

December 20, 2016
Paul Muolo
Barry Habib of MBS Highway told us the Dow will hit 20,000 and then around mid-January stocks will pull back but “not crash.”
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Fear and Loathing for FHA, VA Stakeholders?

December 19, 2016
George Brooks
The big question is whether FHA, given the much-improved health of the Mutual Mortgage Insurance Fund, will move to lower premiums again…
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A Bullish Sign for Fannie and Freddie? Rep. Mulvaney as Trump’s OMB Director?

December 19, 2016
Paul Muolo
Treasury controls the senior preferred stock of the GSEs. The junior preferred and common continues to trade in the over-the-counter market and through private transactions. The latter two classes of stock are considered speculative in nature.
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Securitization Rates Jumped Higher in 3Q16

December 19, 2016
John Bancroft
For the first nine months of 2016, the securitization rate was 67.7 percent, Inside MBS & ABS found…
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Mutual Fund Company T. Rowe Price Reduces Stake in PHH

December 19, 2016
Paul Muolo
Over the past year, PHH’s share price has traded as high as $16.80 versus a 52-week low of $8.26.
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Proposals Not Enough to Revive Non-Agency MBS Market

December 19, 2016
Brandon Ivey
A little less than $10.0 billion in prime non-agency MBS will be issued in 2016, according to estimates by Inside Nonconforming Markets.
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