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Carrington Eliminates Broker Underwriting Fee; Signs of a Price War?

October 8, 2014
Paul Muolo
In the past, when mortgage wholesalers cut fees it marked an attempt to increase production volume.
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GAO: Difficult to Evaluate FHFA on G-Fees Due to Lack of Clearly Stated Goals

October 8, 2014
Brandon Ivey
Is it that the FHFA doesn't want to take a stand on g-fees because it fears alienating the industry?
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The ‘Brain Drain’ at the GSEs Will Continue. Here’s Why

October 7, 2014
Charles Wisniowski
Are Fannie Mae and Freddie Mac executives just wage slaves? And is there something wrong with that?
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Non-QM Market Won’t Take Off Unless Warehouse Banks Line Up

October 7, 2014
Paul Muolo
There have been some reports – unconfirmed – that some Wall Street firms are considering extending “repo” lines to non-QM funders, but that hasn’t happened yet.
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$600 Million of Fannie/Freddie and FHLB MSRs Up for Grabs

October 7, 2014
Paul Muolo
In other servicing-related auctions, The Prestwick Group is working on three bulk deals and three flow transactions.
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Short Takes: Student Lender Enters Jumbo Mortgage Space / How are Mortgage Lenders Feeling? Not So Good / Ralph Nader Unhappy with GSE Decision / Why is Johnson-Crapo Even on the Senate Legislative Calendar?

October 7, 2014
Brandon Ivey, Paul Muolo, and Charles Wisniowski
Quick question: What’s the difference between student loan debt and mortgage debt? One is impossible to extinguish by going through bankruptcy.
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Industry Deconsolidation Continues, Wells’ Share of GSE Market Gets Smacked

October 6, 2014
John Bancroft
IMT also found that in 3Q, seven of the top 15 sellers to Fannie and Freddie were nonbanks.
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MountainView Readies ‘Non-Prime’ Correspondent Program for Late October

October 6, 2014
Paul Muolo
MountainView also will extend credit to borrowers who recently completed bankruptcy.
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REITs, Others Get 60 Additional Days to Comment on FHLB Membership Rules

October 6, 2014
Charles Wisniowski
FHFA Director Mel Watt wants to ban companies from using their captive insurance affiliates from joining the FHLB system.
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Agency MBS Issuance Has Its Best Quarter of the Year, But…

October 3, 2014
John Bancroft
Among our findings, a few things stand out, including the ascension of PennyMac to the number two position among Ginnie Mae issuers.
Read More
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