Walter Gets $300 Million Increase in Financing from Barclays; Stock Spikes September 20, 2017 Paul Muolo News of the expanded repo line sent Walter's share price soaring...Read More
Short Takes: Did Wells Dodge a Bullet on its CFPB Fine? / A ‘Recommendation Memorandum’ / No Effect on Wells’ Mortgage Business / Subject the CFPB to Appropriations / Stearns Goes ‘Digital’ September 20, 2017 Paul Muolo, Thomas Ressler, and Brandon Ivey Wells Fargo could have been subject to a whopping $10 billion fine...Read More
Depositories Continue to Place First Liens in Portfolio September 19, 2017 Brandon Ivey Trends in portfolio management were somewhat mixed among the top 10 holders of first-lien mortgages…Read More
House FSC to Work on GSE Reform Again. (Hint: It Looks like the PATH Act) September 19, 2017 Brandon Ivey At the ABS East show, Rep. Barr didn’t provide further details about Republican plans for the GSEs…Read More
Mortgage M&A Chatter Continues. Medium-Sized Shops Are Targets September 19, 2017 Paul Muolo Rick Roque, who runs Menlo, an M&A advisory firm, said he knows several owners who are contemplating a sale…Read More
New Poll: Industry Says Let Congress Fix the GSEs September 19, 2017 Paul Muolo Congress is not expected to produce workable GSE legislation until next year and even then, other issues – tax reform, another run at fixing “Obamacare,” for example – could kick the can down the road.Read More
Short Takes: About Those GSE Dividend Payments… / The Man Wants to be Paid / Record Attendance at ABS East / LendingTree Buys Snap Capital / Webster Gets a New President September 19, 2017 Paul Muolo and Brandon Ivey In other words, the FHFA will once again order the dividends to be paid to Treasury. Right?Read More
CFPB Official Tells ABS East Attendees: Show Us Data on How Consumers Have Been Harmed September 18, 2017 Brandon Ivey “We want to know if there are impediments because of our rules,” said CFPB Policy Analyst Patrick Orr…Read More
Prestwick Selling $1.8 Billion Bulk Fannie/Ginnie MSR Portfolio September 18, 2017 Paul Muolo The Fannie balance of the pool accounts for $1.33 billion of the receivables.Read More
Short Takes: MBA Wants a Change in HUD Reinspection Policies / Having an FHA Commissioner Might Help / Montgomery Resigns from Radian Board / DBRS Updates Due Diligence Criteria / A New Hire for Mortgage Network September 18, 2017 Paul Muolo, George Brooks, and Brandon Ivey The FHA nominee had been a Radian director since 2012…Read More
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