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Eli Global Founder the Subject of Federal Subpoenas. A Mortgage M&A Deal was in Progress

October 4, 2018
Paul Muolo
As press time, Lindberg’s spokesman, Chuck Norman of S&A Communications, had not returned several emails and telephone calls regarding the subpoenas.
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SFR REIT Reven Inks $51.3 Million LOC from Arbor

October 4, 2018
Paul Muolo
A few months back, the Federal Housing Finance Agency ordered Fannie Me and Freddie to end their involvement in SFR financial arrangements. However, any deals in progress were allowed to close...
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MI Firms See No Problems Meeting New PMIER Goals

October 4, 2018
Carisa Chappell
MI analysts agree that other than a few tweaks, the new PMIER requirements aren’t terribly different than the original proposal…
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Former Redwood CIO Joins Shared-Appreciation Firm, Will Develop Securitization Outlet

October 4, 2018
Brandon Ivey
EquiFi plans to license its shared equity product to other originators…
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Refi Market Continued to Slip in 3Q18, but Purchases Lift Fannie/Freddie Business

October 4, 2018
John Bancroft
Purchase mortgages accounted for 71.4 percent of third-quarter GSE business…
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Short Takes: How High Might the Yield on the 10-Year Go? / Waiting on a Stock Market Correction / Deficits Don’t Matter Anymore (For Now) / A New Office for Better Mortgage / Richey Buys Two / Freddie Promotes Former Wells Fargo Exec

October 3, 2018
Paul Muolo
The stock market hit a new high. What possibly could go wrong?
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FHFA’s Examiner Program Under Fire for Lack of Results

October 3, 2018
Carisa Chappell
During a House hearing, Rep. Ann Wagner, R-MO, criticized the FHFA for spending $7.7 million on what she called a “crucial training program which lacks professionalism, among other things…”
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CFPB’s Mulvaney Says Reorg Will Continue Despite Criticism of Fair Lending Chief

October 3, 2018
Yemeng Yang
CFPB Director Mulvaney: “I will not be undoing the changes. I recognize this is not the result that some of you may have wanted. But I stand by my decision and we will proceed accordingly.”
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CMLA Criticizes Brookings Report on Nonbank Mortgage Firms

October 3, 2018
Paul Muolo
Rob Zimmer of CMLA: “The organization [Brookings] is now pushing a deeply flawed report that uses veterans and active-duty personnel as pawns…”
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Credit Suisse, New Residential Prep Non-Agency MBS Backed by Seasoned Mortgages

October 3, 2018
Brandon Ivey
In the New Rez deal, the mortgage have seasoned for more than 13 years, on average…
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