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What We’re Hearing: Mick Mulvaney, Conservative? / A GSE Starting Point? / Mortgage and Big Tech. Can it Work? / Amazon v. Quicken – is Dan Gilbert Ready? / Movement Mortgage? / LenderLive Hires an Advisor / New Hires for Ditech

June 22, 2018
Paul Muolo
One former loanDepot official had this to say about the rumor: “It makes sense. loanDepot has plenty of loan officers handling inbound leads. Amazon could create a ton more and compete with Quicken….”
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And the MSR Deals Keep Coming. IMA Selling a $10B-Plus Bulk Package

June 21, 2018
Paul Muolo
At $10.3 billion, the package is believed to be one of the largest in the auction market right now.
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Short Takes: Sounds Logical, Right? / Warning: More Mortgage M&A Ahead / Fannie Warns about Cost-Cutting / Ginnie Wants to Know… / loanDepot Gets a Chief Innovation Officer / FannieMae.com

June 21, 2018
Paul Muolo
When it comes to counter-party risk, Ginnie Mae isn't messing around...
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Surprise: White House Publishes Ideas for Ending the GSE Conservatorships

June 21, 2018
Paul Muolo
The Trump blueprint would remove the federal charter from statute and fully privatize the government-sponsored enterprises.
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Cowen: FHFA Chief Watt Won’t Act on a Capital Restoration Plan for the GSEs. However, Team Trump Might

June 20, 2018
Paul Muolo
But Cowen also offers up a ray of hope to GSE “recap and release” backers…
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Incenter and MIAC Out With Bulk MSR Auctions

June 20, 2018
Paul Muolo
The delinquencies on the MIAC package total 5.3 percent…
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Nine Groups Want Fannie and Freddie to Have a Regulatory-Mandated Capital Restoration Plan

June 19, 2018
Paul Muolo
Consultant Joshua Rosner of Graham-Fisher said the letter is significant because it marks the first time that the ICBA has joined with civil rights groups and housing organizations on a GSE-related matter.
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Short Takes: Sen. Warren Will Block CFPB Nominee / Midwestern Humility / Yet More Regulations Proposed for Home Servicers / If Maxine Waters Becomes Chairman… / The GSEs, More Dominant Than Ever?

June 19, 2018
Brandon Ivey and Paul Muolo
Sen. Elizabeth Warren: "Now Donald Trump wants her to run the CFPB. I will put a hold on her nomination – and fight it at every step – until she turns over all documents..."
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Prestwick Selling Fannie MSR Package Into a Strong Market

June 18, 2018
Paul Muolo
Prestwick’s George Christo cites “float earnings” as a significant value driver…
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FHFA Proposes Capital Regime for Fannie and Freddie Based on Framework the GSEs Are Now Running On

June 15, 2018
The Federal Housing Finance Agency this week unveiled a proposed rule on capital standards for Fannie Mae and Freddie Mac, acknowledging that the rule would not be imposed on the two government-sponsored enterprises as long as they’re in conservatorship.
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