Freddie Earned $2.7 Billion (Net) in 3Q18. Treasury Will Get $2.6 Billion October 31, 2018 Paul Muolo Freddie said it expects to make the $2.6 billion dividend payment in December.Read More
MIAC, Phoenix Capital Out with New MSR Offerings October 31, 2018 Paul Muolo According to the offering circular, the portfolio is top-heavy with Ginnie product... Read More
Short Takes: Judging Risks and Rewards at Freddie / The Gift that Keeps on Giving: The Trump Tax Cut / Despite Some Losses, Mortgage Bankers Remain Liquid / An Earnings Decline at Radian / Leaving Wells Fargo for a Nonbank October 31, 2018 Carisa Chappell and Paul Muolo Freddie Mac benefited to the tune of $200 million (pre-tax) by reducing the write-down on its net deferred tax asset...Read More
Mortgage Complaints Took a Dive in 3Q18 October 30, 2018 John Bancroft Wells Fargo once again led the complaint pack…Read More
Fairholme Tells Investors Court Ruling ‘Should Advance’ the ‘Re-IPO’ of Fannie and Freddie October 30, 2018 Paul Muolo Fairholme adds: “This is good news when you count the cash that Fannie and Freddie have earned and will earn.”Read More
Short Takes: Parity for the FHLBs and FanFred? / Once a Contender / Newfi and Non-QM / Strong Earnings from First American but Anxiety Too / From Alibaba to MGIC October 30, 2018 Paul Muolo Roughly 40 percent of Newfi Lending’s current loan volume entails the origination of mortgages that do not meet the qualified mortgage test.Read More
MSR Transfers Boomed in 3Q18, Aided by Franklin American Sale October 29, 2018 John Bancroft The top five bulk MSR transfers were led by Franklin American, followed by Stearns, loanDepot, Flagstar and United Shore/United Wholesale Mortgage…Read More
A Sure Bet for the New FHFA Director: No More GSE Pilot Programs? October 29, 2018 Paul Muolo The fact that these initiatives were ever approved by the FHFA angered critics of the government-sponsored enterprises…Read More
Prestwick Announces Auction of GSE, Private Investor MSRs October 29, 2018 Paul Muolo Fannie Mae receivables dominate the package at $70.9 million...Read More
MBS Backed Fix-and-Flip Bridge Will Expand, Morningstar to Take a Conservative View Initially October 29, 2018 Brandon Ivey Fix-and-flip loans generally have terms that range from a few months to three years…Read More
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