Short Takes: Jeb, Tell Us What You Really Think About Fannie and Freddie / AIG’s New Jumbo MBS / Judge Kavanaugh and the CFPB / Elusive Indeed / A Promotion at Freddie September 6, 2018 Brandon Ivey, Paul Muolo, and Yemeng Yang Never one to mask his complete disdain for Fannie Mae and Freddie Mac, Rep. Jeb Hensarling let it rip...Read More
Agency MBS Production Up Again in August. For Purchase Business, a Post-Crisis High September 6, 2018 John Bancroft August often sets the high-water mark for annual purchase-loan business for the agencies…Read More
Will CFPB Abandon or Limit the Use of Disparate Impact? September 5, 2018 Yemeng Yang Many industry groups said it is problematic to use statistics to determine discrimination...Read More
29 Trade Groups and Organizations Ask White House and Congress to ‘Cement’ GSE Progress September 5, 2018 Paul Muolo The letter – signed by trade groups both large and small – comes a day before the 10th anniversary of the federal takeover of Fannie and Freddie... Read More
Blackstone Hires Former Clayton Chief to Head TORO Unit September 5, 2018 Paul Muolo Blackstone TORO likes to buy non-QM products...Read More
Short Takes: That Was Then, This is Now (Fannie/Freddie) / Not Much Traction / Invitation Homes’ SFR Portfolio: 80,000 Rentals / Former FHFA Chief Nominated by Trump / A New Hire for Pavaso September 5, 2018 Paul Muolo Since 2012, Fannie and Freddie have been minting money...Read More
GSE Buybacks Declined in 2Q18, but Pipeline of Pending Demands Grew September 4, 2018 John Bancroft Only a trace amount – 0.5 percent – of unresolved buyback cases were related to loans purchased by the GSEs before 2009.Read More
CHLA Asks IRS to Ensure Nonbanks are Eligible for New Deduction – Just like Banks September 4, 2018 Brandon Ivey CHLA and the Mortgage Bankers Association have cited a number of technical reasons why nonbanks should be eligible for the pass-through deduction.Read More
Trades Working on a ‘Don’t Do Anything Rash’ GSE Letter to Treasury September 4, 2018 Paul Muolo There’s a growing concern about a potential reduction in GSE loan limits…Read More
Short Takes: Quicken’s Message to Loan Brokers / A Big Gain in Quicken’s Broker Market Share? / Lennar Picks New CEO for its Mortgage Sub / Fintechs Should be in CFPB’s Complaint Database September 4, 2018 Paul Muolo and Yemeng Yang The marketing message from Quicken goes on to say: “Brokers are taking notice as we’ve doubled our market share over the last year..."Read More
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