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House Power Shift May Have Little Impact on GSE Reform and Dampen Regulatory Relief Prospects

November 15, 2018
Midterm election results will likely push any housing-finance reform legislation further away, slow deregulatory efforts by Trump appointees, and dash any chances of another regulatory relief bill, according to analyses of the results.
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Impac’s Future Looks Cloudy as Firm Turns to MSR Sales to Bolster Results. Betting the House on Non-QM Lending?

November 15, 2018
Although Impac Mortgage Holdings lost $142.8 million over the past two quarters, company management continues to be bullish on its future, laying the groundwork for a further expansion into the non-qualified loan market.
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Private MIs Gobble Up More Market Share in Third Quarter Despite Growth in FHA Sector

November 15, 2018
Private mortgage insurers expanded their combined footprint in the primary MI market during the third quarter mostly because of a sharp downturn in VA home loan guaranty activity. [Includes two data charts.]
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Short Takes: Who is Andrew Olmem and Why Does He Matter? (GSE Reform) / A Production Gain for Ditech / Citywide Home Loans Signs Partnership Deal with Stearns / Caliber Readies Nonprime MBS

November 15, 2018
Paul Muolo and Brandon Ivey
If you haven’t heard of Andrew Olmem before, it’s because he tends to keep a low profile.
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Very Good News: MMIF Capital Ratio Improves to 2.76 Percent. As for a Cut in Premiums…

November 15, 2018
Paul Muolo and George Brooks
The fund's value has improved, but FHA premiums will not be cut...
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JPM Packages Jumbos with Relatively High LTV Ratios in Unique MBS

November 15, 2018
Brandon Ivey
Moody’s Investors Service said 47.0 percent of the dollar volume of the loans in the MBS were underwritten by United Shore…
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More Red Ink for Ditech in 3Q and Another Potential Trip into Bankruptcy

November 15, 2018
Paul Muolo
Ditech said the company is in talks with “certain” corporate debt holders regarding another possible "court supervised" Chapter 11 process...
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Private MIs Gobble Up More Market Share in 3Q18 Despite Growth in FHA Sector

November 15, 2018
John Bancroft
Arch Mortgage Insurance led the pack in terms of new insurance written in 3Q18 with $21.43 billion, followed by Radian Guaranty ($15.78 billion), and MGIC ($14.57 billion).
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Short Takes: MMIF Audit Due Thursday / Good News Expected but no FHA Premium Cut / Trades Voice Support for Kraninger at the CFPB / A Promotion at Stewart Title

November 14, 2018
Paul Muolo and Yemeng Yang
The groups expressed their view that Kraninger has the ability to lead and manage the CFPB and protect the financial interest of consumers.
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1,400 Stakeholders Contacted as Part of GSE UMBS Conversion

November 14, 2018
Paul Muolo
Fannie and Freddie and their joint venture, Common Securitization Solutions, will implement the SSI and issue the first UMBS on June 3 of next year…
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Latest Imf News

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Featured Data

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