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Novel Fair Housing Cases Brought by Cities Against Lenders Move Forward After Supreme Court Ruling

June 21, 2018
Lawsuits brought by cities with allegations of violations of the Fair Housing Act (FHAct) by lenders are continuing after a decision by the U.S. Supreme Court with a mixed message for lenders.
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Servicers Seek Favorable Interpretation from FCC of Telephone Consumer Protection Act

June 21, 2018
Trade groups representing mortgage servicers asked the Federal Communications Commission to issue interpretations of the Telephone Consumer Protection Act that will help them contact borrowers.
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Short Takes: Sounds Logical, Right? / Warning: More Mortgage M&A Ahead / Fannie Warns about Cost-Cutting / Ginnie Wants to Know… / loanDepot Gets a Chief Innovation Officer / FannieMae.com

June 21, 2018
Paul Muolo
When it comes to counter-party risk, Ginnie Mae isn't messing around...
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Surprise: White House Publishes Ideas for Ending the GSE Conservatorships

June 21, 2018
Paul Muolo
The Trump blueprint would remove the federal charter from statute and fully privatize the government-sponsored enterprises.
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On the Ascent: Jumbo Servicing Balances

June 20, 2018
Brandon Ivey
One of the fastest growing jumbo servicers is Shellpoint Mortgage…
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Angel Oak Set to Issue its Largest Nonprime MBS to Date

June 20, 2018
Brandon Ivey
The non-QM MBS also includes loans originated by unaffiliated lenders, including Sterling Bank & Trust…
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Tight Profit Margins and Lower Originations Fuel Speculation on Company Closures

June 20, 2018
Paul Muolo
“I think we’re going to see a bunch more failures,” said Dan Perl, CEO and founder of non-QM lender Citadel Servicing…
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Cowen: FHFA Chief Watt Won’t Act on a Capital Restoration Plan for the GSEs. However, Team Trump Might

June 20, 2018
Paul Muolo
But Cowen also offers up a ray of hope to GSE “recap and release” backers…
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Incenter and MIAC Out With Bulk MSR Auctions

June 20, 2018
Paul Muolo
The delinquencies on the MIAC package total 5.3 percent…
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Short Takes: Wholesale Profit Margins Under Pressure Too? / Commercial Bank Seeks MB / A New IO MBS from JPM / An Update on Ex-FGMC CEO Peters / New Hires for Two Harbors, Walker & Dunlop

June 20, 2018
Brandon Ivey and Paul Muolo
All of the loans in the new JPM deal were originated by First Republic Bank, with seasoning of seven years...
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