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15 Groups Tell Treasury and FHFA: Legislation to Reform the GSEs, Not Some Recap Plan

September 21, 2017
Paul Muolo
The signors add: “We … believe the debate over recapitalizing a broken system distracts from the critical structural issues that Congress must address to ensure that the federally supported secondary market serves key, bipartisan objectives.”
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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...
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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
Brandon Ivey, Paul Muolo, and Thomas Ressler
Wells Fargo could have been subject to a whopping $10 billion fine...
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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…
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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…
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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…
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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.
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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
Brandon Ivey and Paul Muolo
In other words, the FHFA will once again order the dividends to be paid to Treasury. Right?
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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…
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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.
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