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Short Takes: MI Sector Begins to Bounce / A GSE Price Cut, Not an FHA One? / Another Ginnie Mae Summit? / Arch Issues Report on Housing Price Risk / Phoenix Out with New Flow MSR Deals

June 30, 2016
Paul Muolo
MI firms are seeing an improvement in their stock prices of late...
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PennyMac SVP of Business Development Bolts for Think Tank; Bright Worked for Sen. Corker

June 29, 2016
Paul Muolo
During his career, Bright has worked for Sen. Bob Corker, who supposedly is on Donald Trump’s short list of VP candidates…
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FHFA Examiners Worry About Inability of GSEs to Build Capital; Risk-Transfer Costs a Concern Too

June 29, 2016
Carisa Chappell
FHFA examiners suggest that eventually Fannie and Freddie could have a negative net worth position once the capital buffer falls to zero…
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Mortgage Complaints Held Steady in Third Place in May

June 29, 2016
Thomas Ressler
Ocwen experienced the greatest percentage decrease in average monthly complaint volume from the first quarter of 2015 to 1Q16. Then again, Ocwen's servicing portfolio has been shrinking.
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Short Takes: Walter Extends ‘Poison Pill’ Plan / What? / Large Positions in a Money-Losing Company / Why Mortgage Applications Fell, an Explanation / Nice Increases for Prosperity Mortgage

June 29, 2016
Paul Muolo
Among those reporting higher application volume is Prosperity Mortgage, the residential lending arm of realty giant Long & Foster...
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Correspondent Purchaser on the Hook for Fannie AU Fees Tied to One of Its Sellers

June 28, 2016
Brandon Ivey
In the end, the court blamed NAMC, the firm buying the mortgages from GFS on a correspondent basis…
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FHA Should Set Criteria for Pricing, MI Executive Says

June 28, 2016
George Brooks
Exclusive data compiled by Inside Mortgage Finance show the FHA’s share of the primary MI market was 39.9 percent in the first quarter of 2016, compared to 33.5 percent in the first quarter of last year.
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Short Takes: Fed Official Casts Doubt on Nonbanks? / The American House: A Terrible Investment? / Concern Over VA-Streamlined Refis? / Amherst Hires Barclays Mortgage Officials / A New 52-Week Low for Walter Investment

June 28, 2016
Paul Muolo and Brandon Ivey
A few weeks back, Walter Investment CEO and vice chairman Denmark Dixon resigned, but was given a $2.25 million cash payment as part of a separation agreement from the company.
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‘Brexit’ Fall Out in the US: Loan Officers Worried About Losing Loans Because of Plunging Rates?

June 28, 2016
Paul Muolo
Consultant Dave Lykken said a worst-case scenario is that some mortgage companies could even fail…
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New Bill Presses Treasury to Research Ending GSE Conservatorships

June 27, 2016
Carisa Chappell
The Congressman noted that outside of a study done in 2011, the administration has had little engagement with Congress on a path toward ending the conservatorships, which are almost eight years old...
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