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Denver Nonbank W.J. Bradley Does ‘Roll Up’ Deal with Washington Lender

May 1, 2013
Paul Muolo
W.J. Bradley isn't necessarily buying Legacy Group Lending, but the two firms are combining forces.
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Short Takes: FHFA Issues Progress Report on Securitization Platform / But Little Progress in Finding a Platform CEO / Union Bank Buys LPS Software / Ally Totally Out of MSRs / Shiller Not so Bullish on Housing

May 1, 2013
Paul Muolo and Charles Wisniowski
FHFA issues progress report on the "common securitization platform" but no CEO is in place yet. Meanwhile, Ally is out of MSRs totally.
Read More

White House Pick of Rep. Watt for FHFA Job Won’t Affect GSE Net Worth Debate

May 1, 2013
Paul Muolo
If Rep. Mel Watt gets the FHFA job will he tinker with GSE net worth minimums?
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Short Takes: Will Mel Watt or Mel Martinez Head FHFA? / Freddie Mac Tries to Help Lenders Prevent Buybacks / CoreLogic: Completed Foreclosures Decline / First Guaranty Hires TPO Chief

April 30, 2013
Paul Muolo
The White House continues to search for someone to head the FHFA. But will it ever officially introduce a candidate? Mel Watt's name has come up again.
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PennyMac's Mortgage Banking Arm Files Updated IPO Documents

April 30, 2013
Paul Muolo
PennyMac Financial Services could raise just over $200 million through an initial public offering of stock.
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FSOC Says MBS-Investing REITs are ‘Highly Exposed’ if Rates Rise Quickly

April 30, 2013
Brandon Ivey
Publicly traded REITs that invest in MBS "borrow short" and "lend long." But is that a problem? It might be, says FSOC.
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Freddie Exec: Common Securitization Platform Builders Face ‘Very Consequential Decisions'

April 30, 2013
Charles Wisniowski
It's not easy building a common securitization platform, so writes a Freddie Mac executive in a new blog posting.
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Known for its Jumbo Prowess, Union Bank Branches Out into Conventional Conforming

April 30, 2013
Paul Muolo
Union Bank hopes to make a big splash as a retail funder of Fannie Mae and Freddie Mac loans.
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SunTrust Mortgage Executive Seth Sprague Departs

April 30, 2013
Paul Muolo
Sprague, a veteran of SunTrust, Bank of America, and Matrix Capital, has joined Phoenix Capital.
Read More

Freddie to Retire Software for Handling Delinquent Mortgages

April 29, 2013
Charles Wisniowski
Freddie Mac is phasing out a software package that helps with the servicing of delinquent loans, a move that could help private sector technology vendors.
Read More
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