Short Takes: Sen. Crapo: Recap & Release is Not a Solution / MBA Chimes In as Well / FHFA Holds Forum on SFR. Means What? / From Troy to Pontiac for UWM / SoFi’s Big Mortgage Idea June 29, 2017 Carisa Chappell and Paul Muolo Maybe GSE 'recap and release' is DOA?Read More
On the Senate Banking Committee a Consensus for GSE Reform: An Explicit MBS Guaranty is Needed June 29, 2017 John Bancroft Committee Chairman Mike Crapo, R-ID, listed maintaining the TBA market and the 30-year fixed-rate mortgage among his important principles for reform… Read More
(Certain) Nonbanks Ponder the Unthinkable: Owning a Depository June 29, 2017 Paul Muolo “This is a big step for them [Movement],” said consultant David Lykken, president of Transformational Mortgage Solutions.Read More
NAR Asks FHFA to Allow GSEs to Build Capital; Treasury and Panels Get CC’d June 28, 2017 Paul Muolo Under NAR's plan, a portion of GSE profits would be deposited into a liquidity fund controlled by the FHFA.Read More
CFPB Decides to Cut Mortgage Servicers Some Slack for Three Days June 28, 2017 Thomas Ressler The Bureau says it understands the industry’s concerns…Read More
Freedom Inks Deal with NYCB; CEO Says Nonbank is Working on ‘Several’ MSR Acquisitions June 28, 2017 Paul Muolo Overall, NYCB will earn, on a pre-tax basis, $90 million by exiting the residential finance sector…Read More
Short Takes: Uncle Sam will be $5B Richer on Friday (GSE Money) / Zilch for the Others / Break Up Fannie and Freddie? / Something to Ponder / A Promotion at Guild Mortgage June 28, 2017 Paul Muolo Meanwhile, holders of the GSE junior preferred stock receive nothing from Fannie and Freddie in terms of dividends. Read More
Poll: Industry Wants Fannie and Freddie Preserved with ‘Existing Operations’ June 27, 2017 Paul Muolo Just 18 percent of respondents said they do not want the GSEs preserved in their current state...Read More
Short Takes: Earnings Season is Upon Us / Business Must be Good at PennyMac / Fidelity National Makes an Acquisition / It’s Not a Malware Problem / Home Loans by (Yes) Homie June 27, 2017 George Brooks and Paul Muolo We kid you not: Home loans from a firm called Homie...Read More
Surprise: A Decline in Bank and Thrift Holdings of First Liens June 26, 2017 Brandon Ivey Wells Fargo, which has the largest portfolio of first-lien mortgages, reported a 3.2 percent drop in its holdings, down to $272.72 billion as of the end of the first quarter.Read More
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