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Fairholme Case Update: Judge Orders Government to Review and Hand Over Non-Privileged Documents

March 8, 2017
Carisa Chappell
Since Fairholme filed its “takings” case the government, Uncle Sam has turned over 48,000 documents totaling more than 500,000 pages.
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Still Anemic: Investor Interest in Ginnie Mae Servicing Rights (Flow Deals)

March 8, 2017
Paul Muolo
According to one advisor: “I do think a thaw is on, but if you threw it on the grill, it would still be pretty tough because it’s not fully defrosted.”
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Short Takes: What Higher Rates Might Mean / And the Refi King of Mortgage Banking is… / There’s Still a Disturbance in the (Mortgage) Force, Only Less So / Vertical Looking to Buy / Better Mortgage’s First Year

March 8, 2017
Paul Muolo
Fannie and Freddie are still worth less than social media darling Snap, but the gap is narrowing...
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Jumbo Servicers Post Modest Gains in 2016

March 7, 2017
Brandon Ivey
Among the top 30, LoanCare had the largest increase to its jumbo servicing portfolio…
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How Much Longer Can Hedge Funds Hold on to their GSE Stock Wagers?

March 7, 2017
Paul Muolo
Fairholme extolled the GSE’s massive fourth quarter profits of almost $10 billion, and called them “indispensable” to the mortgage insurance industry…
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Will Treasury Take a Look at Mortgage Servicing Compensation?

March 7, 2017
Paul Muolo
Perhaps, residential servicers should receive 33 basis points for servicing Fannie/Freddie loans, not 25 bps...
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Short Takes: It Appears Carson Likes the MI Industry / New HUD Chief Carson Asks Employees to Take ‘The Niceness’ Pledge / You Can’t Overload the Human Brain? / Prestwick Selling GSE Servicing Rights / Freddie’s New Whole Loan Deal

March 7, 2017
Brandon Ivey and Paul Muolo
"You can't overload the human brain," said newly minted HUD secretary Ben Carson. And there was more...
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The Trump ‘Wire Tap’ Accusation and What it Means for the GSEs

March 6, 2017
Paul Muolo
Cowen notes: “…this latest flare up reinforces our view that Treasury is unlikely in 2017 to unilaterally change the profit sweep at Fannie and Freddie…”
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Freedom May be a Buyer of Mortgage Servicing Rights

March 6, 2017
Paul Muolo
Although Freedom is private, a few years back it launched a publicly traded REIT called Cherry Hill Mortgage Investment, which lately has been trading near its 52-week high.
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Short Takes: Banc of California’s Mortgage Chief Receives Kudos / Money that will have to be Replaced / Security National the Latest to Settle with HUD / CoreLogic Notes the Passing of its CEO / A New Hire for Inland Home

March 6, 2017
Paul Muolo
Banc of California’s mortgage division generated $150 million a year in revenue…
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