Securitization Rates Nudge Higher in 3Q18 as Issuance Catches Up with Primary Market December 21, 2018 John Bancroft The securitization rate increased to 71.6 percent in 3Q18 compared to 65.0 percent in the previous period…Read More
SIFMA Meets with White House Officials on GSE Single-Security Initiative December 21, 2018 John Bancroft The Wall Street group’s advisory council on TBA guidelines met earlier this week with several key Trump administration officials...Read More
As Expected, OCC Chief Otting Tapped by White House to be Interim FHFA Director December 21, 2018 Paul Muolo Joseph Otting will be joining the Trump administration's "two-hat" club...Read More
What We’re Hearing: The Senate Waiting Game and Mark Calabria / What Might Mnuchin Come Up With? / Otting and Mnuchin and One West / Angelo Mozilo Makes it Rain Once More / MorVest’s MSR Auction / George Bailey Lives (A VA Story) / A Short Publishing Brea December 21, 2018 Paul Muolo The news of Otting’s appointment and what might transpire afterwards did nothing to boost the share price of Fannie and Freddie common...Read More
EC Lender Angel Oak Gets High Marks in New Report from DBRS December 20, 2018 Brandon Ivey Angel Oak is the nation’s third largest expanded-credit lender…Read More
A Land Rush Into Non-QM Lending? Carrington Preps First Deal December 20, 2018 Paul Muolo Carrington President Ray Brousseau said the nonbank is committed to the underserved borrower market…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 Brandon Ivey and Paul Muolo Liquidity means access to cash – and is a chief concern of Ginnie Mae acting president Michael Bright as well…Read More
SRPs Remain High. MSR Interest Strong but Declining Rates Begin to Weigh December 18, 2018 Paul Muolo One advisor said he knows of three bulk transactions that are stalled: one sized at $7.0 billion, another at $16.0 billion, and one more at $24.5 billion.Read More
Quicken Launches Jumbo Product Allowing Qualification Based on Assets Instead of Income December 18, 2018 Brandon Ivey According to Quicken, the loan could work well for retirees... 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
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