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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...
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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...
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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...
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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…
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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…
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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
Paul Muolo and Brandon Ivey
Liquidity means access to cash – and is a chief concern of Ginnie Mae acting president Michael Bright as well…
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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.
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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...
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Fannie Mae Completes $11 billion CIRT Transaction

December 18, 2018
Dennis Hollier
Fannie Mae retains risk on the first 150 basis points of losses...
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Short Takes: Freddie Mac’s New CEO? / Jeb’s Last Stand? Maybe Not / A ‘Comical’ Situation / A Low Grade for Hensarling? / Fannie’s New Chairman

December 18, 2018
Paul Muolo
As one veteran industry lobbyist explained with a hint of ire: “You’re telling me that a bunch of lame duck Congressmen who lost an election are going to show up on the Friday before Christmas?”
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