Short Takes: Nice Gains for GSE Shares / Sen. Bob Corker’s ‘Short’ Recommendation / Corker for FHFA Director? / Keep an Eye on GSE MF / Former Ellie Mae COO Lands at Blue Sage September 28, 2017 Carisa Chappell and Paul Muolo Keep in mind that Mel Watt’s term as Federal Housing Finance Agency director expires in January 2019...Read More
Freddie Relaxes Appraisal Policies for Trainees September 27, 2017 Carisa Chappell Freddie Mac: “We are also specifying that an unlicensed or trainee (or similar classification) appraiser may perform a completion report…”Read More
BKFS: 100,000 FHA Loans In Puerto Rico Could be at Risk September 27, 2017 Paul Muolo Overall, there are 500,000 mortgage properties on the island, according to Black Knight…Read More
In New ‘Strategic’ Report FHFA Punts on Zero Capital Issue September 27, 2017 Paul Muolo So far, speculation regarding a change in the GSE dividend payment has been dead wrong, but there’s still time...Read More
Short Takes: Trade Groups Take Aim at HUD IG Report on Nonbanks / A Pejorative Phrase for Lenders? / CFPB’s Cordray Continues to Master the Phrase ‘No Comment’ / A Gain for PRMG September 27, 2017 Paul Muolo and Thomas Ressler In the past, some in the mainstream media have referred to nonbank mortgage lenders as “shadow” lenders, a phrase that residential finance professionals find pejorative…Read More
Bank Retail Production Up in 2Q17, Sales Down September 27, 2017 John Bancroft Residential loan sales by banks totaled $151.79 billion in the second quarter, down 7.3 percent from the previous period. Read More
Mortgage Brokers Face Uphill Challenge in Jumbo Market September 26, 2017 John Bancroft MUFG Union Bank was the top wholesale lender in the jumbo market by a wide margin.Read More
HUD IG Throws Nonbanks Overboard in New Audit, Blames Ginnie for Inadequate Supervision September 26, 2017 Paul Muolo Ginnie Mae took umbrage at the IG’s findings, saying it was aware of the market share shift to nonbanks in 2012 and was already taking action…Read More
In Hurricane-Ravaged Areas, Ginnie Loosens Buyout Guidelines for Problem Loans September 26, 2017 Paul Muolo The new Ginnie Mae buyout authority expires March 31 of next year…Read More
Redwood Quickens Pace of Jumbo MBS Issuance; Deal Volume Doubles September 26, 2017 Brandon Ivey Kroll Bond Rating Agency assigned AAA ratings to the deal.Read More