More GSE Forbearance for Federal Employees? January 18, 2019 With the government shutdown stretching into a month, rumors are the GSEs want enhanced forbearance for furloughed federal staff. Read More
JPM Packs GSE-Eligible Collateral into a $978 Million Non-Agency MBS January 16, 2019 Brandon Ivey Roughly 42 originators are providing collateral for the JPM MBS…Read More
GSE Market Shifted Toward Megabanks in 4Q18 January 16, 2019 John Bancroft Chase’s secondary market patterns are typically herky-jerky…Read More
Private MIs Boost Share of Agency Purchase Loans January 16, 2019 John Bancroft The FHA share of insured purchase loans has been falling…Read More
Short Takes: Mr. Cooper Cuts Jobs in California / Blackstone’s Finance of America Unit Will Close Roseville Office / loanDepot Courting Wells Fargo LOs? / Freshman Socialist Will Sit on the HFSC / A New Hire for Nations Lending January 16, 2019 Paul Muolo Socialist Rep. Alexandria Ocasio-Cortez, D-NY, will sit on the House Financial Services Committee, which oversees banking, mortgages, as well as Fannie Mae and Freddie Mac.Read More
Short Takes: Worrying About What Mark Calabria Might Do / Ever Seated? / A Price War Brewing in Non-QM? / Tim Anderson’s Blockchain Job / Freddie Gets a New General Counsel January 15, 2019 Paul Muolo and Dennis Hollier We understand a bit of a price war may be brewing in the non-QM market... Read More
Retail Channel Continues to Lose Market Share as Correspondent Surges January 14, 2019 John Bancroft Wholesale-broker activity saw roughly the same rate of decline as the retail channel did...Read More
Hedging Losses Likely for Fannie and Freddie in 4Q18? January 14, 2019 Paul Muolo The more exaggerated the rate moves, the greater the gain or loss.Read More
What Michael Bright’s Resignation Might Mean for GSE Reform January 11, 2019 Paul Muolo The odds of GSE “recap and release” becoming a reality just went down…Read More
What We're Hearing: The Otting Era Commences / Waiting on the Senate (It Didn’t Work for Michael Bright) / 11 Days In and All Shook Up / HFSC Chair Worries about Furloughed Workers and Delinquencies / Keep an Eye on Jan. 15 / The Milken Institute Weighs i January 11, 2019 Paul Muolo We’re just 11 days into the new year and already things are getting interesting in the mortgage industry... Read More
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