Thanks to GSE Capital Rule, Ginnie Could Benefit January 21, 2021 Paul Muolo What might the new Biden administration do with Fannie and Freddie? Good things ahead for Ginnie? Let the speculation begin.Read More
Ginnie Rebounds in FY20 with $1.1 Billion in Profit January 21, 2021 Maria Volkova The agency guaranteed $749 billion in MBS in fiscal 2020, a sharp increase from $453 billion in 2019. Credit: the refi boom.Read More
Biden White House Names Interim FHA Chief January 21, 2021 Maria Volkova An interim takes over as the head of FHA, which is enjoying strong volumes but high forbearance readings...Read More
A Banner Year for Agency MBS Trading January 21, 2021 Paul Muolo Overall, 2020 was the strongest trading year since 2010...Read More
The Biden Effect: DACA Borrowers FHA Eligible January 21, 2021 Maria Volkova Deferred Action for Childhood Arrivals participants are eligible for government-insured loans, Joe Biden’s FHA declared. Read More
White House Names Interim CFPB Director: Uejio January 21, 2021 Lisa Burden Uejio first started at the bureau in 2012. He has held several positions with the agency, including lead for talent acquisition.Read More
Mortgage Production Cools Off at Flagstar in 4Q20 January 21, 2021 Brandon Ivey Flagstar's production and profit margins declined in the fourth quarter, though the bank increased MSR sales and warehouse lending... Read More
Short Takes: Coming (Sort of) Soon: A 30% Market Share for Loan Brokers? / Still Hiring / Another Milestone for Broker Employment / FHFA Stays Busy January 20, 2021 Paul Muolo and Dennis Hollier According to figures compiled by the U.S. Bureau of Labor Statistics, loan brokerage firms now employ 109,800 full-timers...Read More
Mortgage Lending, Profits Fall at U.S. Bank January 20, 2021 Paul Muolo Mortgage banking earnings fell to $478 million at the Minneapolis-based bank from $543 million in the third quarter... Read More
The Winners of Quicken’s $25B MSR Portfolio: Ocwen and Freedom January 20, 2021 Paul Muolo Also, Guaranteed Rate peeled off a $13 billion chunk of receivables...Read More
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