Servicing-Released Premiums the Best They’ve Been in Years? March 28, 2018 Paul Muolo Wells Fargo and JPMorgan Chase are among the megabanks driving SRP pricing…Read More
FHFA Gets Specific on the ‘Common Security’: June 3, 2019 March 28, 2018 Paul Muolo and Carisa Chappell FHFA Director Mel Watt is urging the mortgage industry “to get ready now to ensure smooth, successful implementation.”Read More
Short Takes: What’s Up (Down) with GSE Common? / No News, No Bill, No Hope / Citadel Loosens Underwriting / Angel Oak Opens Dallas Ops Center, Seeks New Hires / W&D Expands March 28, 2018 Paul Muolo and Brandon Ivey It’s not as though some Congressman or Senator is about to introduce consensus GSE legislation...Read More
loanDepot to Issue its Own Non-Agency MBS, Packaging Jumbos and GSE-Eligible Loans March 27, 2018 Brandon Ivey Nearly all of the loans are 30-year fixed-rate mortgages and have seasoned for an average of 2.1 months.Read More
Up for Grabs: A $1.9 Billion Fannie Mae MSR Portfolio March 26, 2018 Paul Muolo California receivables account for 22.5 percent of the collateral based on number of loans…Read More
Short Takes: Coming Up on 10 Years / Remember the ‘Southwest Plan’? / What if a ‘Moderate’ Replaces Watt at the FHFA? / Checking in on GSE Reform and Seeing Nothing / loanDepot Gets a New COO March 26, 2018 Paul Muolo It’s almost April and Rep. Jeb Hensarling, R-TX, has yet to introduce his GSE reform bill... Read More
GSEs See Rapid Growth of High-DTI Loans Following Automated Underwriting Tweak in 2017; MIs Balk March 23, 2018 Fannie Mae adjusted its automated underwriting services last summer to make more loans with higher debt-to-income ratios eligible for approval without lenders needing to provide compensating factors.Read More
New Fannie/Freddie Lawsuits Filed in Federal Claims Court Argue Against Treasury Sweep March 23, 2018 More Fannie Mae and Freddie Mac shareholders have initiated lawsuits against the government for the Treasury sweep of the mortgage giants’ profits.Read More
BAML Says Washington May Be Settling into Status Quo on Reform March 23, 2018 Carisa Chappell Housing-finance reform appears to be in the process of a slow death for 2018 partly because of the pending departure of key players.Read More
GSE Foreclosure Preventions Surpass $4M in 4Q, Hurricanes Raise Delinquencies March 23, 2018 Carisa Chappell The Federal Housing Finance Agency reported this week that the GSEs completed 67,569 foreclosure prevention actions in the fourth quarter of 2017.Read More
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