Credit Suisse Resuming Non-Agency MBS Issuance, Prepares Deal Backed by Re-performers June 28, 2017 Brandon Ivey The firms originating the collateral backing the MBS were not identified.Read More
Freedom Inks Deal with NYCB; CEO Says Nonbank is Working on ‘Several’ MSR Acquisitions June 28, 2017 Paul Muolo Overall, NYCB will earn, on a pre-tax basis, $90 million by exiting the residential finance sector…Read More
ARMs Gain Market Share in 1Q17; JPM Ranks First June 28, 2017 Brandon Ivey -The nation’s top three ARM lenders are JPMorgan Chase, Wells Fargo and Bank of America…Read More
Short Takes: Uncle Sam will be $5B Richer on Friday (GSE Money) / Zilch for the Others / Break Up Fannie and Freddie? / Something to Ponder / A Promotion at Guild Mortgage June 28, 2017 Paul Muolo Meanwhile, holders of the GSE junior preferred stock receive nothing from Fannie and Freddie in terms of dividends. Read More
Mark Filler Racks up $1 Billion from Investors, Has Plans for F&F, Broker Lending and More June 27, 2017 Paul Muolo Filler was named CEO of Finance of America Commercial, but departed after roughly two months. Read More
IO Originations Decline in First Quarter 2017 June 27, 2017 Brandon Ivey PHH Mortgage and Chase both played a role in the decline of IO originations.Read More
Captive Insurers (REITs) Would Stay in the FHLB System if House Bill Becomes Law June 27, 2017 Carisa Chappell If the bill becomes law, REITs that gained access to low-cost FHLB advances would get a reprieve.Read More
Poll: Industry Wants Fannie and Freddie Preserved with ‘Existing Operations’ June 27, 2017 Paul Muolo Just 18 percent of respondents said they do not want the GSEs preserved in their current state...Read More
Short Takes: Earnings Season is Upon Us / Business Must be Good at PennyMac / Fidelity National Makes an Acquisition / It’s Not a Malware Problem / Home Loans by (Yes) Homie June 27, 2017 George Brooks and Paul Muolo We kid you not: Home loans from a firm called Homie...Read More
MBA Urges DOJ, HUD to Suspend Future FCA Enforcement Actions June 26, 2017 George Brooks FCA enforcement actions can result in significant damage to a lender’s reputation and bottom line, warns MBA President Dave Stevens.Read More
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