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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.
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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…
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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…
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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.
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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.
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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…
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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.
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KBW Raises Earnings Estimates on Fannie and Freddie, Questions CRTs

November 13, 2018
Paul Muolo
As of Sept. 30, Fannie and Freddie had some form of risking sharing on 38 percent to 42 of their guaranteed portfolios, respectively.
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Short Takes: Assessing the Value of GSE Common / The Prior Decade and GSE Share Prices / Worrying About Home Values in California / Another MBS Settlement for Wells Fargo / Vendor Hires Fannie Mae Official

November 13, 2018
Paul Muolo
Early last decade, Fannie common once traded as high as $85.03, Freddie $68.20.
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