What We’re Hearing: Fannie and Freddie, 10 Years Gone / Betting on Two Stocks for Retirement / MBA Weighs In / Housing is Elemental / Meanwhile, Back at the Ranch, An Industry Grows Concerned August 31, 2018 Paul Muolo Meanwhile, a dozen or so mortgage, housing and consumer groups are putting the final touches on a new letter to Treasury Secretary Steven Mnuchin...Read More
Competition for Jumbos Squeezing Margins August 31, 2018 Brandon Ivey John Anzalone of Invesco Mortgage: “In particular, there are a few very aggressive large buyers out there that get a lot of attention and have caused quite a bit of spread compression…”Read More
Lower GSE-Eligible Share in Latest Prime Non-Agency MBS from Flagstar August 31, 2018 Brandon Ivey All of the loans in the deal were originated by Flagstar...Read More
Short Takes: A ‘Significantly’ Less Liquid Secondary Mortgage Market? / In Five Years the GSE Loan Limit Would be Zero (for Example) / Origination Capacity Remains Elevated / Fannie Exec Joins RoundPoint August 29, 2018 Paul Muolo and Brandon Ivey Origination capacity in the mortgage industry remains “elevated,” according to a new report from PiperJaffray. Read More
Bank ABS Investment Rebounds in 2Q18 August 28, 2018 John Bancroft In fact, bank ABS investment began to taper off at about the same time the supply of ABS outstanding began to grow again.Read More
Short Takes: A New Origination Forecast from Freddie / Market Share Leaders in Retail and Correspondent / FHFA Seeks Comment on ‘Golden Parachutes’ / Arch’s Reinsurance Deal / Better Mortgage Hires Fed Economist August 28, 2018 Paul Muolo and Brandon Ivey But Wells Fargo dominated in the correspondent channel with a 20.9 percent market share...Read More
Driven by Lower Expenses in 2Q, Nonbanks Stage a Turnaround in Origination Profits August 28, 2018 Brandon Ivey Personnel expenses averaged $5,195 per loan in the second quarter, down $704 from 1Q18…Read More
CBO: U.S. Cost to Guarantee $12 Trillion in GSE MBS Over the Next 10 Years: $19 Billion August 28, 2018 Paul Muolo CBO projects that under current law, the share of new single-family mortgages guaranteed or held by Fannie and Freddie will slowly recede…Read More
IRS Gives GSE Single-Security Project a Boost August 27, 2018 John Bancroft The tax code includes several provisions that address whether the exchange of property is subject to taxation. Read More
Short Takes: Don’t Worry About the Government / Don and Maxine, Fireworks Ahead? / Steve’s Choice / Invitation Homes CEO Takes A Leave of Absence / Customers You Never Need to Call (A Good Thing) August 27, 2018 Paul Muolo Cowen believes Rep. Maxine Waters will use the post to go after President Trump and his White House team...Read More
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