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SG Capital Partners Packs Large Share of Non-QMs into its Latest Nonprime MBS

April 12, 2018
Brandon Ivey
SG Capital Partners focuses on loans with higher balances than other nonprime MBS aggregators.
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Wedbush Takes an Ugly View on Mortgages, Says Direct Lenders will be the Biggest Losers This Year

April 12, 2018
Paul Muolo
On the plus side, Wedbush sees mortgage servicers and home builders benefitting…
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House Hearing Questions FHFA’s Oversight of Fannie, Freddie. IMAGIN?

April 12, 2018
Carisa Chappell
Wertheimer testified that during her tenure, the FHFA-OIG has issued 85 reports and made 117 recommendations to address supervisory shortcomings.
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GSE Investor Pershing Square May be Doubling Down Despite Getting Redemption Requests

April 12, 2018
Pershing Square Holdings, one of the largest speculators in Fannie Mae and Freddie Mac common stock, is doubling down on its investment in the two government-sponsored enterprises by taking a different tack: Instead of increasing its positions in the common, it’s been buying up the junior preferred as well.
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Ginnie MBS Production Tumbled to Three-Year Low in 1Q18

April 11, 2018
John Bancroft
The agency issued $92.58 billion in MBS backed by forward mortgages during the first three months of 2018.
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Short Takes: Rep. Waters Doesn’t Hold Back on Criticism of Mulvaney / Next Up: Sen. Warren (CFPB Founder) / When Bank LOs Make More than Their CEOs / G-Rate Steps Up LO Recruitment / Worrying About GSE Servicing Comp (Still)

April 11, 2018
Brandon Ivey and Paul Muolo
According to the consulting firm of Garrett, McAuley & Co., some mortgage loan officers at depositories earn at least four-times what their CEOs make...
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SoFi Hires Former Co-Head of Structured Finance at Goldman as CFO. Meaning?

April 10, 2018
Brandon Ivey
The hiring of Gill hire has prompted some speculation that SoFi might resume issuance of non-agency MBS…
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Short Takes: Morgan Stanley Dumps PHH Shares / Wells Fargo Doing Just Fine / What did the Megabank Do Wrong This Time? / Out of Character for Mulvaney? / Wells is Not Running a Charity / A Vote Against Being Socially Responsible / Envoy Sells TPO Unit to

April 10, 2018
Paul Muolo
In a nut shell, Wells argues it’s not running a charity (but of course) and that executive compensation is “designed to pay for performance and encourage long-term shareholder value.”
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Non-Agency MBS Issuance Shines Brightly in 1Q18; EC MBS a Standout

April 9, 2018
Brandon Ivey
Expanded-credit MBS issuance tripled in the first quarter…
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MBS Trading Volume on the Rise in Early 2018

April 9, 2018
Paul Muolo
Demand for agency product remains strong, but the investor base is beginning to shift somewhat, said MBS Highway Principal Barry Habib...
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