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Merrill Lynch Faulted by SEC for Non-Agency MBS Trading Practices from 2009 through 2012

June 13, 2018
Brandon Ivey
In settling with the SEC, Merrill Lynch did not admit or deny the findings…
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THL Closes on Investment in Guaranteed Rate. Nonbank Anticipates Record Production This Year

June 13, 2018
Paul Muolo
Despite heralding the investment made by Thomas H. Lee Partners, Guaranteed Rate will not say how much the PE firm invested or how large of a stake it acquired…
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Short Takes: Budget Cuts at the CFPB? / BCFP not CFPB / Sounding the Alarm on U.S. Debt / A Flow Servicing Platform Run by the GSEs / A New Hire for United Fidelity

June 13, 2018
Paul Muolo
Do federal deficits even matter anymore? Jeff Gundlach thinks so...
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Mortgage M&A Mania has Finally Arrived. Who’s Next?

June 12, 2018
Paul Muolo
Mark Stafford, managing director of MS Capital Advisors: “Margin compression is real and many companies lost money in the first quarter.”
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Lenders Pessimistic About Profit Margins for 3Q18, Cuts to Staff Expected

June 12, 2018
Brandon Ivey
Fannie Mae: “We expect this will prompt businesses to turn to cost-cutting..."
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FHFA Proposes Minimum Capital Requirements for Fannie and Freddie. An RBC ‘Bill’ of $181 Billion

June 12, 2018
Paul Muolo
By comparison, commercial banks must have tier 1 capital of 8.0 percent of risk-weighted assets.
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Retail Channel Gained Share in Some Markets

June 12, 2018
John Bancroft
Mortgage brokers actually gained some share in the government market…
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Sierra Pacific Hires Ex-Stearns, Ex-Wells Executive Goulding

June 12, 2018
Paul Muolo
A 34-year veteran of the home lending industry, Goulding also worked for Wells Fargo Home Mortgage…
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Short Takes: No Relief in Sight for GSE Common / Pershing Square in a World of (GSE) Hurt? / JMP Likes Impac / Consumer Data Collection Returns to the CFPB / Plaza Home Promotes Fontaine

June 12, 2018
Paul Muolo and Yemeng Yang
JMP likes the higher profit margins that accompany non-QM lending…
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Organizational Changes to CFPB Might Have Profound Impact

June 11, 2018
Mick Mulvaney has made many significant changes at the CFPB since President Trump named him acting director of the agency in November. Attorneys said the organizational changes may have the most profound impact. Mulvaney was not a fan of the consumer bureau, which he called a joke “in a sick, sad way.” Six months into his interim tenure, he was doing everything he could to change the consumer agency both structurally and operationally, in how it makes ...
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