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. Read More
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?Read More
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?Read More
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.Read More
$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.Read More
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. Read More
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.Read More
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.Read More
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.Read More
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