Short Takes: Headed Into Receivership: Fannie and Freddie? / Politically Pragmatic / No Life in the Common / Coming Soon: A Platform Closure at Ocwen / A New 52-Week Low December 13, 2018 Paul Muolo Federal Financial Analytics calculates the trigger will be pulled by mid-2019. Read More
Study Shows Negative Equity the Most Important Harbinger of Default Rates December 13, 2018 Negative equity – or even just the perception of it – is the most important determinant of default rates, according to a recent study by Collateral Analytics.Read More
Short Takes: loanDepot Loses its Product Chief / Bill Dallas and Cloudvirga / Kudos on the Calabria Pick from HFSC Chairman Hensarling / A Candidate Himself Once? / A New Hire for Vendor Valuation Partners December 12, 2018 Paul Muolo Cloudvirga, at one time, was headed by industry veteran Bill Dallas...Read More
Subservicing Sector Continues to Grow at a Steady Clip as States Act as ‘Mini-CFPBs’ December 11, 2018 Paul Muolo Gordon Albrecht of FCI said he’s not surprised the subservicing sector is doing well “because of all the states that keep adding regulations.” Read More
One GSE Shareholder Speaks Up: Calabria Will be Constrained in His Mission to Dissolve Fannie and Freddie December 11, 2018 Paul Muolo James Fenkner says Calabria will be “constrained in his mission to dissolve Fannie and Freddie.” Read More
Banks Gain on ‘Servicing for Others,’ MSR Valuations Rise December 10, 2018 John Bancroft At Sept. 30, banks and thrifts serviced $3.627 trillion of residential mortgages for others…Read More
Short Takes: Hope in Cash-Out Refis / loanDepot’s Refi Stats / Position Filled / Chicago-Area Lender Gets Fannie Mae Approvals / More on Calabria and the FHFA Job / Mulvaney, Mnuchin Up for the Chief of Staff Job? / Waterstone Hires Rocky (Rockwell) December 10, 2018 Paul Muolo Fannie Mae has approved Neighborhood Loans, Lombard, IL, as a new seller/servicer...Read More
How to Shrink the GSE Footprint Without Having to Ask Congress To Do Anything December 7, 2018 John Bancroft Want to shrink Fannie and Freddie? Cut investor loans, then move on to cash-out refis…Read More
Lenders Face Uncertainty After Supreme Court Refuses Case December 7, 2018 Brandon Ivey Bank of America, the nation’s fourth largest mortgage servicer, appealed the case to the Supreme Court…Read More
What We’re Hearing: Mark Calabria to Head the FHFA (Looks That Way) / Can Mulvaney Fix the U.S. Debt Problem? / Keeping the Debt Clock at the HFSC? / Kraninger Yes, Michael Bright No / Nomura and Ditech (More) / CMG Mortgage Hires Regency Executive / Home December 7, 2018 Paul Muolo If Michael Bright is not confirmed in the current Congress, President Trump will have to re-nominate him...Read More
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