Short Takes: Who is Andrew Olmem and Why Does He Matter? (GSE Reform) / A Production Gain for Ditech / Citywide Home Loans Signs Partnership Deal with Stearns / Caliber Readies Nonprime MBS November 15, 2018 Brandon Ivey and Paul Muolo If you haven’t heard of Andrew Olmem before, it’s because he tends to keep a low profile.Read More
A Brighter Future for Non-Agency May Translate Into Better Days for Trading Desks November 14, 2018 Paul Muolo Another trading firm that hopes to ride the non-QM wave is RAMS Mortgage Capital…Read More
Goldman Preps Large Non-Agency MBS Backed by Seasoned Mortgages Acquired from a ‘GSE’ November 14, 2018 Brandon Ivey Loans in GSMBS Trust 2018-RPL1 were acquired from a government-sponsored enterprise, though Fitch didn’t identify which GSE.Read More
1,400 Stakeholders Contacted as Part of GSE UMBS Conversion November 14, 2018 Paul Muolo Fannie and Freddie and their joint venture, Common Securitization Solutions, will implement the SSI and issue the first UMBS on June 3 of next year…Read More
KBW Raises Earnings Estimates on Fannie and Freddie, Questions CRTs November 13, 2018 Paul Muolo As of Sept. 30, Fannie and Freddie had some form of risking sharing on 38 percent to 42 of their guaranteed portfolios, respectively.Read More
Short Takes: Assessing the Value of GSE Common / The Prior Decade and GSE Share Prices / Worrying About Home Values in California / Another MBS Settlement for Wells Fargo / Vendor Hires Fannie Mae Official November 13, 2018 Paul Muolo Early last decade, Fannie common once traded as high as $85.03, Freddie $68.20.Read More
GSE Credit Box Opened Slightly Wider in 3Q18 November 12, 2018 John Bancroft The dollar volume of low-score purchase loans increased by 29.8 percent from the second to the third quarter, while total GSE purchase business went up 23.6 percent.Read More
Odds of GSE Reform May Not Have Changed Much November 12, 2018 Paul Muolo Gone from the Senate, via retirement, is Sen. Bob Corker, R-TN, a moderate Republican who was a proponent of reforming the secondary mortgage market…Read More
Ellington Will Convert to a REIT, Focusing on Credit Investments and Agency MBS November 12, 2018 Brandon Ivey Ellington CEO Laurence Penn: “Becoming a REIT would bring with it big benefits, such as lower effective tax rates..." Read More
Short Takes: Still Hiring, UWM / Strong Growth for the Nation’s Largest Wholesaler / The Moelis GSE Plan: the Good and the Bad / Promotions at Nations Lending November 12, 2018 Paul Muolo United Wholesale Mortgage continues to hire...Read More
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