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Bill Would Restore REIT Access to FHLB Advances

February 14, 2018
Brandon Ivey
Borrowing from the FHLB advance window would save REITs a ton of money…
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Quicken Loses Another Top Executive, This Time EVP Pete Carroll

February 14, 2018
Paul Muolo
At Quicken, Carroll served as executive vice president where he helped develop the lender’s positions on key policy issues.
Read More

Short Takes: Arch has Some ‘Fairly Well Developed’ Plans / Auditing the FHA MMIF / New Residential May Become a Player in Ginnie MSRs / Consumer Advocates Not Happy / Top VA Official Departs Agency for PenFed

February 14, 2018
Brandon Ivey, Paul Muolo, and Thomas Ressler
Look for New Residential to become a buyer of Ginnie Mae servicing packages...
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Nation’s Third Largest Servicer Nationstar Agrees to Merge with KKR-Backed WMIH

February 13, 2018
Paul Muolo
Nationstar’s stock is publicly traded, but is majority owned by Fortress Investment Group, which late last year was sold to SoftBank.
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Redwood Set to Issue One of its Largest Jumbo MBS Deals Ever (Post-Crisis Era)

February 13, 2018
Brandon Ivey
The GSE-eligible loans have an average unpaid principal balance of $549,259 while the non-agency mortgages have a UPB of $703,898…
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CFPB Issues Industry-Friendly Strategic Plan

February 13, 2018
Thomas Ressler
Acting CFPB Director Mick Mulvaney: “If there is one way to summarize the strategic changes occurring at the bureau, it is this: we have committed to fulfill the bureau’s statutory responsibilities, but go no further.”
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Nation’s Third Largest Servicer Nationstar Agrees to Merge with KKR-Backed WMIH

February 13, 2018
Paul Muolo
Nationstar’s stock is publicly traded, but is majority owned by Fortress Investment Group, which late last year was sold to SoftBank.
Read More

A Rosy Picture: Strong Performance for Non-QMs in MBS

February 13, 2018
Brandon Ivey
The average credit score on loans in expanded-credit MBS issued in 2016 and 2017 was 704.9, according to a new analysis by Inside Nonconforming Markets.
Read More

Mortgage Firms Looking to Sell Servicing Rights are Sitting Pretty

February 13, 2018
Paul Muolo
Dealmakers point to not only higher interest rates but lower anticipated loan production and MSR values that are firming up.
Read More

Short Takes: The Trump Budget and the GSEs (Not So Good) / No More GSE Money for Affordable Housing / Treasury Wants to ‘Right Size’ Federal Housing Programs / Cuts in Store for the CFPB? / Arch Posts a Strong 4Q17 Profit

February 13, 2018
Paul Muolo
The Treasury Department's goal is to right-size federal housing programs...
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