Mortgage Debt Outstanding Approaching Pre-Crash High Set Back in March 2008 December 20, 2018 John Bancroft Banks, savings institutions and credit unions held a combined $3.005 trillion of unsecuritizedsingle-family mortgages in portfolio as of Sept. 30…Read More
Short Takes: loanDepot CEO: Nothing but Blue Skies for Loan Officers / It’s Not Cancelled Until It’s Cancelled / An Op-Ed Counterweight / A Pile of Coal for Stocks / Second LP Analogies / Don’t Look at the Dow / A New CEO for PRMI December 20, 2018 Paul Muolo Hindes’ piece is entitled “Fannie and Freddie didn’t get a bailout. It was a stick-up.” Read More
Short Takes: Do GSE Servicers Need to Worry About Liquidity? / MF Cap Set at $35 Billion / New American Buys Minnesota Lender / Humble Beginnings / Kraninger Will Keep the CFPB Name / BoNY Mellon to Enter Non-Agency Market as Master Servicer December 19, 2018 Paul Muolo and Brandon Ivey Liquidity means access to cash – and is a chief concern of Ginnie Mae acting president Michael Bright as well…Read More
Fannie Mae Completes $11 billion CIRT Transaction December 18, 2018 Dennis Hollier Fannie Mae retains risk on the first 150 basis points of losses...Read More
Speculation Centers on Clinton Jones for FHA Commissioner December 18, 2018 Paul Muolo Clinton Jones has worked for the HFSC since February 2013. From 2007 to 2008 he was a registered lobbyist for Fannie Mae.Read More
Short Takes: Freddie Mac’s New CEO? / Jeb’s Last Stand? Maybe Not / A ‘Comical’ Situation / A Low Grade for Hensarling? / Fannie’s New Chairman December 18, 2018 Paul Muolo As one veteran industry lobbyist explained with a hint of ire: “You’re telling me that a bunch of lame duck Congressmen who lost an election are going to show up on the Friday before Christmas?”Read More
Short Takes: CBO Wants to Raise G-Fees to Reduce the Federal Deficit / On-Balance Sheet GSEs or Off? / 5 to 15 Basis Points / The Cash Cows are Ready to Give Milk / It’s All About the Math December 17, 2018 Paul Muolo The Congressional Budget Office wants to hike g-fees by 5 basis points in October 2019 and then 15 basis points after 2021. Read More
FHFA’s Proposed Rule on Credit Scores a Setback for Vantage Score December 14, 2018 Dennis Hollier VantageScore is not happy with the FHFA's latest action...Read More
Calabria Gets the Nod for the FHFA Job. Rebuilding Capital on His Agenda? December 14, 2018 Paul Muolo A fool’s bet: that the GSE conservatorships will end anytime soon…Read More
What We’re Hearing: FHA Loan Limits / What a Shutdown Means / The Return of Angelo Mozilo / The Finger of Blame Points to Wall Street / New Disclosures from Ditech / A Subservicing Business Dominated by One Client December 14, 2018 Paul Muolo The panel Mozilo spoke on was billed: “Join two titans of the industry as they discuss the past, present and future of the mortgage industry.”Read More
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