Credit Suisse, New Residential Prep Non-Agency MBS Backed by Seasoned Mortgages October 3, 2018 Brandon Ivey In the New Rez deal, the mortgage have seasoned for more than 13 years, on average…Read More
CMLA Criticizes Brookings Report on Nonbank Mortgage Firms October 3, 2018 Paul Muolo Rob Zimmer of CMLA: “The organization [Brookings] is now pushing a deeply flawed report that uses veterans and active-duty personnel as pawns…”Read More
Short Takes: How High Might the Yield on the 10-Year Go? / Waiting on a Stock Market Correction / Deficits Don’t Matter Anymore (For Now) / A New Office for Better Mortgage / Richey Buys Two / Freddie Promotes Former Wells Fargo Exec October 3, 2018 Paul Muolo The stock market hit a new high. What possibly could go wrong?Read More
MSR Sales Were Slow in 3Q18, but Pace May Quicken as Yearend Approaches October 2, 2018 Paul Muolo One fact that all dealmakers can agree on is that MSR pricing is the best it’s been all decade…Read More
One Reason FHA Premiums Won’t be Cut? Slow Servicers… October 2, 2018 Paul Muolo In 10 cases, the servicing process was delayed by more than two years...Read More
GSE Shareholders Take Solace in Partial Win Against FHFA, Treasury October 2, 2018 Carisa Chappell Investors Unite: “Lamberth’s ruling does not mean reimbursement checks are on the way…”Read More
Short Takes: Top-Ranked Subservicer Hires Nonbank Execs / Soon to be One: Ocwen and PHH / NAR Bolsters its Government Affairs Staff / One Criticism of Jeb / California, the Golden GSE State October 2, 2018 Carisa Chappell and Paul Muolo One criticism of Hensarling is that his conservative ideals prevented him from shaping a consensus bill to reform Fannie Mae and Freddie Mac...Read More
Bank MSR Values the Highest They’ve Been Since 2007 October 1, 2018 John Bancroft Banks valued these servicing rights at $46.4 billion, $5.6 billion more than in March…Read More
Just Days Away From Closing on PHH Deal, Ocwen Sees a Former Executive Charged with Insider Trading October 1, 2018 Paul Muolo During his tenure at Ocwen, Ziengenfuse was in charge of managing the company’s “strategy” with Fannie Mae, Freddie Mac and Ginnie Mae receivables, the SEC said.Read More
What We’re Hearing: Being Heard / Another Barn-Burner of a Quarter for Fannie and Freddie? / Complicating President Trump’s Pick for a New FHFA Chief / Defending GSE Pilot Programs / Meeting PMIERs 2.0 / Ocwen Ready to Crank Up the MSR Buying Machine? / S September 28, 2018 Paul Muolo If Ocwen reenters the servicing market as a buyer it will be doing so at a time when MSR prices are the highest they’ve been all decade...Read More
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