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Blackstone Buys Into The PMI Group. But Why?

September 3, 2015
Paul Muolo
The Blackstone Group said it has acquired a “significant” stake in The PMI Group, a once-bankrupt mortgage insurer that is now in receivership.
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Purchase Lending Likely Hit Post-Crisis High in 2Q15, But Refis Still a Factor

September 3, 2015
John Bancroft
Meanwhile, refinance lending rose just 0.9 percent from the first to the second quarter, but still accounted for just over half of new originations during the period.
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Short Takes: Banks Get a Pass From the CFPB / Fannie Sells Special NPL Pool / The ‘Adverse’ Fee is Dead / Fair Housing Suits Revived / Things Not Looking Up for Genworth

September 2, 2015
Paul Muolo, Brandon Ivey, and Carisa Chappell
The CHLA noted that almost 99 percent of depositories are exempt from exams conducted by the Consumer Financial Protection Bureau.
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In Demand: New CEOs for Mortgage Firms – and Senior Talent as Well

September 2, 2015
Paul Muolo
Glass told IMFnews that he has seen a noticeable uptick in searches for what he calls “senior leadership” positions...
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The Recent (Unexpected) Drop in Rates Could Spell Large Hedging Losses for the GSEs

September 2, 2015
Paul Muolo
Who cares about large hedging losses? Not the FHFA, which so far has shown no interest in increasing the allowable amount of capital the two can retain...
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GSE Reduced-Downpayment Programs Still Struggling?

September 2, 2015
John Bancroft
Ginnie’s big advantage is that it gets all the FHA and VA loans, while the GSEs so far have not gotten much traction in their reduced-downpayment programs.
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Unhappy With the New FHA Certification Proposal, Wells Fargo Will Add Back ‘Credit Overlays’

September 2, 2015
Paul Muolo
According to figures compiled by Inside FHA/VA Lending, Wells ranked second among all FHA retail originators in the first half.
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As Jumbo MBS Activity Fluctuates, Two Harbors Continues Steady Issuance

September 2, 2015
Brandon Ivey
NYCB Mortgage and George Mason Mortgage are once again top contributors to the REIT's jumbo deals...
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HUD Extends Comment Period on Key Issue of ‘Certifications’

September 1, 2015
George Brooks
Some in the industry, including the MBA, feel the certification language lacks clarity...
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Short Takes: A New Round of Cost Cutting at Stonegate? / No, the White House is Not About to Settle Those ‘Takings’ Cases / Greed is (Still) Good / Lykken Goes Solo, Sort Of / Comergence Hires Giorello

September 1, 2015
Paul Muolo
Pershing Square and Perry Capital began loading up on GSE “junior” preferred two years ago, but not because they thought it was a great investment...
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Latest Imf News

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