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Originations
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GAO: Difficult to Evaluate FHFA on G-Fees Due to Lack of Clearly Stated Goals

October 8, 2014
Brandon Ivey
Is it that the FHFA doesn't want to take a stand on g-fees because it fears alienating the industry?
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Ginnie Scrutinizing ‘Changes of Control’ More Closely, Guidance on the Way

October 8, 2014
Paul Muolo
More clarity on the matter is expected later this month when Ginnie is set to release new guidance at the annual convention of the Mortgage Bankers Association.
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The ‘Brain Drain’ at the GSEs Will Continue. Here’s Why

October 7, 2014
Charles Wisniowski
Are Fannie Mae and Freddie Mac executives just wage slaves? And is there something wrong with that?
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Non-QM Market Won’t Take Off Unless Warehouse Banks Line Up

October 7, 2014
Paul Muolo
There have been some reports – unconfirmed – that some Wall Street firms are considering extending “repo” lines to non-QM funders, but that hasn’t happened yet.
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Short Takes: Student Lender Enters Jumbo Mortgage Space / How are Mortgage Lenders Feeling? Not So Good / Ralph Nader Unhappy with GSE Decision / Why is Johnson-Crapo Even on the Senate Legislative Calendar?

October 7, 2014
Paul Muolo, Brandon Ivey, and Charles Wisniowski
Quick question: What’s the difference between student loan debt and mortgage debt? One is impossible to extinguish by going through bankruptcy.
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Industry Deconsolidation Continues, Wells’ Share of GSE Market Gets Smacked

October 6, 2014
John Bancroft
IMT also found that in 3Q, seven of the top 15 sellers to Fannie and Freddie were nonbanks.
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Nonbank ‘Working Group’ Includes Ocwen, Probably Nationstar, but No Quicken

October 6, 2014
Paul Muolo
The initiative – which is being spearheaded by The Collingwood Group – comes at a time when the share prices of publicly traded mortgage companies have reached new lows.
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MountainView Readies ‘Non-Prime’ Correspondent Program for Late October

October 6, 2014
Paul Muolo
MountainView also will extend credit to borrowers who recently completed bankruptcy.
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REITs, Others Get 60 Additional Days to Comment on FHLB Membership Rules

October 6, 2014
Charles Wisniowski
FHFA Director Mel Watt wants to ban companies from using their captive insurance affiliates from joining the FHLB system.
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Supreme Court Gets Another Crack at the ‘Disparate Impact’ Question

October 6, 2014
George Brooks
Two previous cases have raised similar issues tied to the legal theory of disparate impact.
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