The Poor Performance of the Fairholme Fund? Blame Fannie and Freddie August 1, 2018 Paul Muolo Fairholme: “Fund performance was disappointing in the first half mostly due to the decline in the preferred shares of Fannie Mae and Freddie Mac…”Read More
Treasury Likes Fintech but CSBS Has Major Concerns on Handing Out Charters August 1, 2018 Yemeng Yang The report makes more than 80 recommendations related to fintech and nonbank financial policy. Read More
New Report: Over Half of Flawed FHA Loans Were Cured August 1, 2018 George Brooks Roughly 59.8 percent of the reviewed loans were initially deemed unacceptable. Read More
Lenders Divided on Potential for Non-QMs. Demand Exceeds Supply? August 1, 2018 Brandon Ivey SG’s Justin Mahoney estimated that lenders participating in the panel were backed by $10 billion of capital aimed at expanded-credit products…Read More
Short Takes: Treasury Department Makes Recommendations on the FCA / A Strong Showing by Arch MI / Synergy One Looks to Add Loan Officers / Under a GOP FHFA Director, the Conservatorships Will End / Churchill Mortgage Names Regional Managers August 1, 2018 George Brooks and Paul Muolo A prediction: “Watch for an end to the GSE conservatorships under a Republican Director at the FHFA... Read More
The Key to the (Prime) Non-Agency MBS Market: Commercial Banks July 31, 2018 Brandon Ivey The participation of banks other than Chase and First Republic marks a significant shift in the prime non-agency MBS market.Read More
USDA to Charge Lenders ‘Tech Fee’ for Use of AU System July 31, 2018 George Brooks HUD has been trying unsuccessfully to obtain authority from Congress to charge a similar fee to modernize its aging information technology systems…Read More
Nonbank Capital Becoming Increasingly Important, but IPO Market Still Weak July 31, 2018 Paul Muolo In the world of finance, it’s not where you’ve been – but where you’re going.Read More
Short Takes: The $600,000 Man / Freddie CEO Layton Says He Thinks About Leaving … And Staying / More CRTs on the Way? / FHFA Extends Capital Comment Period / A New Hire for MGIC July 31, 2018 Carisa Chappell and Paul Muolo Layton said Freddie is exploring the use of additional credit risk transfers...Read More
FHA/VA Serious Default Rates Down in 2Q18 July 30, 2018 John Bancroft FHA officials are worried about rising concentrations of higher-risk loan characteristics…Read More
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