Prime Jumbo MBS Issuance Off to a Slow Start in 3Q18 as Redwood Brings a Smaller Deal August 2, 2018 Brandon Ivey Loans from United Shore account for 19.0 percent of the new issuance.Read More
Wells Pays $2 Billion Penalty to Feds for Disclosure Issues on Pre-Crisis Non-Agency MBS August 2, 2018 Brandon Ivey In settling, Wells – the nation’s largest home lender and servicer – did not admit any liability. Read More
The Poor Performance of the Fairholme Fund? Blame Fannie and Freddie August 1, 2018 Paul Muolo Fairholme: “Fund performance was disappointing in the first half mostly due to the decline in the preferred shares of Fannie Mae and Freddie Mac…”Read More
Lenders Divided on Potential for Non-QMs. Demand Exceeds Supply? August 1, 2018 Brandon Ivey SG’s Justin Mahoney estimated that lenders participating in the panel were backed by $10 billion of capital aimed at expanded-credit products…Read More
Short Takes: Treasury Department Makes Recommendations on the FCA / A Strong Showing by Arch MI / Synergy One Looks to Add Loan Officers / Under a GOP FHFA Director, the Conservatorships Will End / Churchill Mortgage Names Regional Managers August 1, 2018 Paul Muolo and George Brooks A prediction: “Watch for an end to the GSE conservatorships under a Republican Director at the FHFA... Read More
The Key to the (Prime) Non-Agency MBS Market: Commercial Banks July 31, 2018 Brandon Ivey The participation of banks other than Chase and First Republic marks a significant shift in the prime non-agency MBS market.Read More
Another Strong Profit for Freddie Mac: $2.4 Billion; A $1.6 B Dividend Payment is Expected July 31, 2018 Paul Muolo CEO Don Layton: "...we are generating a consistent stream of new innovations for our customers." Read More
Short Takes: The $600,000 Man / Freddie CEO Layton Says He Thinks About Leaving … And Staying / More CRTs on the Way? / FHFA Extends Capital Comment Period / A New Hire for MGIC July 31, 2018 Paul Muolo and Carisa Chappell Layton said Freddie is exploring the use of additional credit risk transfers...Read More
Certain Industry Factions Concerned About Growing GSE Footprint in Multifamily July 30, 2018 Carisa Chappell Fannie and Freddie have increased their market share in multifamily to 60 percent compared to 52 percent two years ago, according to former Obama administration official Michael Stegman…Read More
Buck Up, Nonbanks. The FHLB Chicago is on Your Side July 30, 2018 Paul Muolo REITs exploited the captive loophole earlier in the decade, gaining access to low-cost FHLBank advances.Read More
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