Another California Mortgage Casualty: First Cal May 30, 2018 Paul Muolo Liquidation counsel Michael St. James did not return a telephone call and email regarding the situation.Read More
Lone Star Stays the Course with New Nonprime MBS May 30, 2018 Brandon Ivey On average, mortgagors documented $426,633 in liquid reserves...Read More
CFPB Chief Mulvaney Emphasizes What the CFPB Cannot Do May 30, 2018 Yemeng Yang Mulvaney signaled his intention to send more CFPB guidance to elected officials for congressional review. Read More
The Beat Goes On: GSE Credit Scores Much Higher Than on Ginnie Product May 30, 2018 John Bancroft During the first quarter, the average credit score at Fannie Mae was 741.15, slightly below the average 744.73 at Freddie Mac.Read More
Short Takes: Time to Cut Pay for Loan Officers? / Something Has Got to Give / New Rez Readies Non-Agency MBS / Ocwen CFO Resigns / Calyx Hires Sales Chief May 30, 2018 Paul Muolo and Brandon Ivey loanDepot CEO Anthony Hsieh: “Something’s got to give."Read More
Non-Agency MBS Making Big Strides in 2018 May 29, 2018 John Bancroft And there is significant price tiering in the market…Read More
$1B a Year Lender First Direct Stops Taking New Applications. More to Come? May 29, 2018 Paul Muolo Is First Direct a harbinger of things to come?Read More
Ditech in Danger of Being Delisted from NYSE Due to Accounting Issues, Low Capitalization May 29, 2018 Brandon Ivey The nation’s 12th largest servicer of home mortgages is in danger of getting booted off the NYSE.Read More
More Big Swings in GSE Single-Family MBS Business in April May 29, 2018 John Bancroft However, Freddie still has some catching up to do to reach the 40.2 percent GSE share it had last year.Read More
Short Takes: All FHFA Wants is Parity / GAO Favors It / Suddenly, Bonds Rally (Credit the Italians) / MIAC Selling S&Ds / New Hires for These Mortgage Vendors May 29, 2018 Paul Muolo The FHFA argues: "In contrast, other federal safety and soundness regulators have statutory authority to examine companies that provide services to depository institutions..."Read More
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