Short Takes: FHFA’s Watt Tells Panel He Can Go It Alone / A Deal (Eventually) with Treasury’s Mnuchin? / Sen. Warren to Wells CEO: You Should be Fired / Wells’ Rate-Lock Mess / A New Hire for Silver Hill October 4, 2017 Carisa Chappell and Paul Muolo A handful of GSE watchers we spoke to believe that in time Watt will work out a compromise with Treasury Secretary Steven Mnuchin on zero capital...Read More
A Coming Boom for Non-Agency MBS? New Deals are Oversubscribed October 4, 2017 Brandon Ivey Kroll Bond Rating Agency projects that about $11.0 billion of prime non-agency MBS will be issued this year…Read More
Lenders Defend Bank-Statement Mortgages October 3, 2017 Brandon Ivey “Today we can definitely say we know everything about that borrower,” said Steven Schwalb of Angel Oak…Read More
FHFA Director Mel Watt Once Again Sounds Warning on GSE Capital Buffer, Offers Hints on What He Might Do October 3, 2017 Paul Muolo FHFA Director Mel Watt: “In fact, it is especially irresponsible for the enterprises not to have such a limited buffer..." Read More
HomeStreet Scales Back Mortgage Operations, Cites Lack of Housing Supply on West Coast October 3, 2017 Brandon Ivey HomeStreet will reduce its mortgage banking staff by 60 full-time equivalent employees...Read More
Short Takes: Some Criticism for the GSE Regulator / Security National Passes $3B Mark / Ellie Mae Completes Velocify Deal / Banks Will Pay Because of Equifax Mess / Executive Bolts Stearns for Sierra Pacific October 3, 2017 Paul Muolo and Thomas Ressler But that didn’t stop the conservative from the Lone Star state from offering up some critiques on the FHFA...Read More
Surprise (Or Maybe Not): ARM Originations Up Sharply in Second Quarter October 2, 2017 Brandon Ivey LoanDepot more than doubled its ARM originations in that span, and large increases were also seen at Wells Fargo, Bank of America Home Loans, First Republic Bank and MUFG…Read More
Ginnie Mae Says Hurricane Damage Affected Almost 10 Percent of its Portfolio October 2, 2017 Paul Muolo In the interim, mortgage servicers must continue to pass on the principal and interest payments to the end bondholders.Read More
Peter Heintz Departs as Co-Head of Loan Acquisitions at SG Capital October 2, 2017 Paul Muolo SG has been an investor in nonprime/non-QM loans and has even issued unrated deals…Read More
If There’s Hope for Financial Reform, It Rests with the Regulators September 29, 2017 Brandon Ivey “Expectations have had to be reset post-election,” said Ryan Schoen, a senior financial services analyst at Washington Analysis.Read More
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