CBO Weighs Auction of Fannie/Freddie MBS Guarantees January 7, 2015 Brandon Ivey “Auctions would determine the market prices of those guarantees and allocate them to the lenders who most valued them,” the CBO said.Read More
Short Takes: Steven Cohen Likes Walter / Some SAC Background / FHA Premium Cut? Bring it On / What Does the GOP Think? / Clarification on GSE Recap January 7, 2015 Paul Muolo Of course, we’re waiting to see what Republicans on Capitol Hill think of a cut in FHA premiums…Read More
Letting the GSEs Rebuild Capital Won’t Happen Anytime Soon, Says MBA Chief January 6, 2015 Paul Muolo MBA's Stevens believes that making a change in the PSPAs would not go over very well in a Republican-controlled House and Senate.Read More
California Still Loves Loan Brokers – A Lot January 6, 2015 John Bancroft Mortgage brokers originated 21.3 percent of Golden State mortgages during the first nine months of the year...Read More
Yet More Mortgage Charges for SunTrust, This Time for $145 Million January 5, 2015 Brandon Ivey SunTrust wouldn’t comment on the charge other than to note that the issue has been previously disclosed.Read More
Servicing Market Heats Up Early: A $4.2 Billion MSR Portfolio from MVSG January 5, 2015 Paul Muolo MountainView did not identify the company selling the servicing rights except to say it is a “well capitalized servicer.”Read More
Short Takes: Obama Again on GSE Reform / Newly Minted MBAs Hate Mortgages? / Guild Goes HLTV / An ATR for Payday Loans? / John Adams Settles FHA Charges January 5, 2015 Paul Muolo and Brandon Ivey Are recent graduates of business schools avoiding the mortgage industry?Read More
What We’re Hearing: The Top Mortgage Stories of 2014: A Kinder, Gentler FHFA; The Ocwen Disaster; Nonbanks (Except for Ocwen) Continue to Thrive; The End of QE; A Mortgage M&A Boom in Miniature; The FHA MMIF Returns to the Black… January 2, 2015 Who knows, maybe Mel Watt will allow Fannie and Freddie to build retained earnings. (Don’t bet on it, but it’s an issue worth debating.)Read More
Are Fannie and Freddie Lobbying Again? In Subtle Ways? December 30, 2014 Ed Roberts Rep. Scott Garrett, R-NJ, is concerned that Fannie and Freddie have resumed lobbying, at least in subtle ways.Read More
Reintroduction of 97 Percent LTV GSE Loans a Big Ho-Hum? December 30, 2014 Paul Muolo Okay, so maybe the reintroduction of 97 percent LTV loans is not a game-changer...Read More
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