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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
Paul Muolo and Brandon Ivey
"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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What We’re Hearing: What We Talk About When We Talk About Financial Lunacy / Should Apple Buy Fannie and Freddie? / The Coming Boom in Mortgage Delinquencies in the Washington, DC, Area / FannieMae.com?

March 3, 2017
Paul Muolo
Go figure: An "app" company called Snap that may never make a nickel is now worth more than Fannie Mae and Freddie Mac...
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Jumbo Servicers Post Increases in 2016

March 3, 2017
Most major jumbo servicers increased their portfolios in 2016, according to a new ranking and analysis by Inside Nonconforming Markets. A group of 30 servicers handled an estimated $921.10 billion in jumbo mortgages as of the end of the year, up 8.7 percent from the end of 2015. Wells Fargo was the top jumbo servicer, with a $279.97 billion portfolio at yearend. While Wells steadily built up its jumbo servicing throughout the year, it lost some ... [Includes one data chart]
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