Zais Kills Conduit, Starts Selling Seasoned Loans; A Sale is a Possibility Too March 9, 2016 Brandon Ivey Zais said a strategic review of the REIT will continue, including exploration of a possible sale or even a liquidation of the company’s assets.Read More
Another Top Executive Departs Clayton: Joe D’Urso Is Out as President; Former Blackstone Executive Named as Interim March 9, 2016 Paul Muolo D’Urso is the second top executive to leave Clayton over the past six months. Another key departure came this past fall when Tom Donatacci left...Read More
Short Takes: GSEs Have Spent $206 Million on the Common Securitization Platform / D’Urso’s Departure was a Surprise to Him Too / Paulson & Co. Reduces Stake in Radian / Treasury Shifts Money From MHA Program to HHF March 9, 2016 Paul Muolo and Brandon Ivey Sources close to D’Urso said his termination by Radian was a “total surprise” to him as well.Read More
More Fannie/Freddie Buyback Relief Waiting in the Wings? March 9, 2016 John Bancroft The Federal Housing Finance Agency cautioned that the pilots are in their early stages...Read More
‘Deal Agent’ Could Help Revive Non-Agency Market; A True Revival Will Take Some Time; Treasury Department Weighs In March 8, 2016 Brandon Ivey The Treasury Department helped facilitate discussions among the working group...Read More
MountainView Selling $1.5 Billion GSE MSR Portfolio March 8, 2016 Paul Muolo After rates plunged earlier in the year, servicing auctions slowed somewhat, but are once again hitting the market. Read More
GSE MBS Market Share Continues to Fall; 2015 the Lowest Reading In Eight Years March 7, 2016 John Bancroft February’s new issuance was also the lowest monthly total for the GSEs since May 2014...Read More
The Jumbo MBS Drought is About to End March 7, 2016 Brandon Ivey Fitch didn’t adjust its loss expectations due to TRID compliance issues, noting that the risk for investors was “immaterial...” Read More
MBA Still Hopes for Clarity from the CFPB on TRID Errors March 7, 2016 Paul Muolo Stevens said there has been “a lot of back and forth” on the topic with the regulator…Read More
Ellington Ramps Up for Non-QMs; Sets a Goal of $20 Million Per Month March 7, 2016 Brandon Ivey Ellington is also investing in lenders that originate the loans.Read More
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