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What We’re Hearing: Anxiety Rising Regarding GSE Reform / Higher G-Fees? No More Cash-out Refis? / What Mick Mulvaney Might Do if He Headed the FHFA / Mulvaney’s PADs / Layoffs at Impac

May 11, 2018
Paul Muolo
Surely, conservatives are applauding the way Mulvaney is trying to remake the Consumer Financial Protection Bureau...
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Freddie Extends an LOC Backed by MSR, Igniting a Debate About Conservatorship Oversight and ‘Charter Creep’

May 10, 2018
Freddie Mac recently extended a line of credit to an unidentified nonbank seller/servicer, setting off a mini debate about charter creep – and why its regulator approved the initiative in the first place.
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Creators of Freddie’s Controversial IMAGIN Program on the Defense, Explain Misconceptions

May 10, 2018
A top official at Arch Capital defended Freddie Mac’s new Integrated Mortgage Insurance (IMAGIN) credit-risk transfer program against charges that it creates an unlevel playing field.
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Short Takes: Caliber Brings Ginnie MSR Deal / The Nation’s Highest Paid Loan Broker: Doug Lebda ($59M) / Ex-Fannie Exec a Candidate for FHFA Job? / The PHH Head Count

May 8, 2018
Paul Muolo and Brandon Ivey
It was a nice pay check last year for LendingTree founder and CEO Douglas Lebda...
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MIAC Offers Up $2.2 Billion of Servicing Rights

May 8, 2018
Paul Muolo
The seller of the portfolio will provide full representations and warranties.
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Arch Capital CEO Defends IMAGIN Pilot Program

May 7, 2018
Carisa Chappell
The MI executive said there are a number of misconceptions about the program…
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Freddie Now Extending Lines of Credit to Nonbanks. The Collateral: Mortgage Servicing Rights

May 7, 2018
Paul Muolo
One former Fannie Mae executive was critical of the effort, calling it “mission and charter creep.”
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Figuring Out Who Might Succeed Mel Watt as FHFA Director – It’s Complicated…

May 4, 2018
Paul Muolo
Also, there’s a growing fear that in the absence of Congressional action, a free-market leaning Treasury Department, in tandem with a Trump-appointed FHFA director, might alter the way GSEs operate...
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GSEs in Preparation Mode This Week To Issue First REMIC CRTs in 2019

May 4, 2018
Freddie Mac plans to issue its first credit-risk transfer deal as a trust execution this month in preparation for the new Real Estate Mortgage Investment Conduit structure, according to Michael Reynolds, vice president of credit- risk transfers.
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$5.1 Billion of GSE Mortgage Servicing Rights Up for Grabs

May 4, 2018
Paul Muolo
The average loan size is $285,547 with the average LTV coming in at 70.0 percent.
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