FHFA Trying to Find a Capital Balance That Can Handle Market Cycles November 20, 2018 John Bancroft In its comment letter to the FHFA, Fannie Mae suggests the rule should use original credit scores and LTV ratios, rather than mark-to-market values…Read More
Short Takes: A New 52-Week Low for Ocwen / John Britti’s Stock Awards / The Dow Swoons, Rates Fall / Freddie’s ACIS Deal / Ed Pinto Weighs in on GSE Capital / Merry Christmas, Buy a House (The Day After) / UWM Still #1 in Wholesale November 20, 2018 Paul Muolo Ed Pinto wants a 4.0 percent capital ratio for Fannie Mae and Freddie Mac...Read More
MIAC Hits the Market with a $7B MSR Package November 19, 2018 Paul Muolo Loans in the pool have an average age of 24 months.Read More
House Power Shift May Have Little Impact on GSE Reform While Dampening Reg Relief November 16, 2018 Yemeng Yang In a recent eight-page memo outlining her priorities, Rep. Maxine Waters did not address the conservatorships of Fannie Mae and Freddie Mac…Read More
What We’re Hearing: GNMA’s Michael Bright is Taking No Chances / Ginnie Servicing is Now Worth… / Bright and the FHFA Job / The Bigger You Are… / 47 Percent of Lenders Eyeing the Non-QM Market? / Radian Gets a New Controller November 16, 2018 Paul Muolo A new poll being conducted by Inside Mortgage Finance/IMFnews shows that 47 percent of lenders are contemplating originating non-QM mortgages in 2019...Read More
JPM Packages Jumbos with Relatively High LTV Ratios in Unique MBS November 15, 2018 Brandon Ivey Moody’s Investors Service said 47.0 percent of the dollar volume of the loans in the MBS were underwritten by United Shore…Read More
Short Takes: Who is Andrew Olmem and Why Does He Matter? (GSE Reform) / A Production Gain for Ditech / Citywide Home Loans Signs Partnership Deal with Stearns / Caliber Readies Nonprime MBS November 15, 2018 Brandon Ivey and Paul Muolo If you haven’t heard of Andrew Olmem before, it’s because he tends to keep a low profile.Read More
Goldman Preps Large Non-Agency MBS Backed by Seasoned Mortgages Acquired from a ‘GSE’ November 14, 2018 Brandon Ivey Loans in GSMBS Trust 2018-RPL1 were acquired from a government-sponsored enterprise, though Fitch didn’t identify which GSE.Read More
1,400 Stakeholders Contacted as Part of GSE UMBS Conversion November 14, 2018 Paul Muolo Fannie and Freddie and their joint venture, Common Securitization Solutions, will implement the SSI and issue the first UMBS on June 3 of next year…Read More
Short Takes: MMIF Audit Due Thursday / Good News Expected but no FHA Premium Cut / Trades Voice Support for Kraninger at the CFPB / A Promotion at Stewart Title November 14, 2018 Paul Muolo and Yemeng Yang The groups expressed their view that Kraninger has the ability to lead and manage the CFPB and protect the financial interest of consumers.Read More
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