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Originations
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Impac Confirms Layoffs at CashCall Unit. Other Firms May Follow Suit

December 6, 2016
Paul Muolo
Given the fact that rates have moved noticeably higher since the election, it’s widely anticipated that more originators will move to trim staff before yearend if they haven’t already.
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A $1.2 Million Severance Package for Former Ditech President David Schneider

December 6, 2016
Paul Muolo
Schneider has until midnight Dec. 9 to accept the severance offer from Walter Investment Management Corp., the nation’s eighth largest residential servicer.
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Short Takes: Bulk Servicing Auctions? / Rates May Fall / Congrats to Dr. Carson on Landing the HUD Job, Though Not From All / The Listener? / Ocwen Debt Exchange

December 6, 2016
Paul Muolo
The bulk servicing market has been quiet lately. But all that could change soon...
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Trump Nominates Dr. Carson for HUD Secretary; Speculation Begins on FHA Premium Cuts

December 5, 2016
Cowen adds the nomination “also leaves the door open to FHA premium cuts, though the real driver of that will be the pick of an FHA commissioner.”
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AEI Slams NAR’s First-Time Homebuyer Stats

December 5, 2016
George Brooks
The National Association of Realtors defended its first-time homebuyer surveys…
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Now that the HUD Job is Settled, Speculation Begins on Trump’s Pick for FHA Commissioner

December 5, 2016
Paul Muolo
Cowen adds the nomination “also leaves the door open to FHA premium cuts, though the real driver of that will be the pick of an FHA commissioner.”
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SFIG Proposes Standards for ABS from Marketplace Lenders

December 5, 2016
Brandon Ivey
SFIG’s Marketplace Lending Committee includes 250 individuals representing more than 70 companies.
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HUD Eases FHA Outsourcing Rules. HR Departments in Play?

December 5, 2016
George Brooks
HUD decided to ease the HR rules in new guidance issued at the end of November...
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Agency MBS Production Slowed in November. Fannie Issuance Down Sharply

December 2, 2016
John Bancroft
Freddie Mac posted a 45.9 percent market share for November – 10.2 percentage points higher than in the previous month…
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Can a Former MBS Trader Successfully Privatize the GSEs? And What About the Government Guaranty?

December 2, 2016
Paul Muolo
Cowen & Co. believes there’s now a 65 percent chance that GSE reform will happen over the next two years.
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