What We’re Hearing: Yes, There’s a Senate GSE Reform Bill in the Works / Acting Ginnie Mae President Has Some MBS Ideas / How Many Loss Positions are There? / The Mulvaney Effect? / Ranieri will Stick Around December 1, 2017 Paul Muolo Mick Mulvaney has been in charge of the CFPB all week and we’ve yet to hear one prediction that subprime mortgage lending will revive with a vengeance… Read More
Acting Ginnie Mae President Michael Bright Makes His Pitch to Have Ginnie be the Big Kahuna of Government MBS November 30, 2017 Paul Muolo Industry lobbyists believe one key legislator in favor of the Ginnie concept is House Financial Services Committee chairman Jeb Hensarling, R-TX…Read More
Bank Holdings of Non-Mortgage ABS Decline Again in 3Q17, Some Institutions Still Buying November 30, 2017 John Bancroft Depositories held roughly 16.0 percent of outstanding ABS at the end of the third quarter…Read More
Short Takes: Watt and Treasury, is there a Deal? / GSE MBS Investors May Want More Yield / FGMC Cuts Staff / PIMCO, the Owner / Senate Banking Clears Montgomery for the FHA Job November 29, 2017 Paul Muolo and George Brooks Come Jan. 1, rates may spike thanks to zero GSE capital...Read More
Banks and Residential MBS – the Love Affair Continued in 3Q17 November 29, 2017 John Bancroft Some $25.94 billion of the industry-wide increase was booked by the three largest bank MBS investors…Read More
With Kittle Backing Away from Top Ginnie Job, Michael Bright May be Trump’s Pick November 29, 2017 Paul Muolo “Basically, David [Kittle] came to the conclusion that it just wasn’t worth the wait,” said one industry lobbyist...Read More
Latest Nonprime MBS from Angel Oak Met with Strong Demand from Investors November 29, 2017 Brandon Ivey The Angel Oak family of companies could originate more than $1.0 billion of non-QMs this year…Read More
Starwood Readies MBS Backed by Non-QMs November 28, 2017 Brandon Ivey Starwood president Jeffrey DiModica said the REIT will hold more than $500 million of non-agency mortgages by yearend...Read More
MBA Sounds Warning on GOP Tax Plan, Says MSR Values Will Get Hammered. ‘Financial Soundness’ Impacted As Well November 28, 2017 Paul Muolo Deal makers that buy and sell MSR assets said the Senate tax language could transform the mortgage business, creating leverage for aggregators...Read More
Fannie/Freddie Loan Limit for 2018 Increases by 6.8 Percent to $453,100. High-Cost Limit Hits $679,650 November 28, 2017 Brandon Ivey In high-cost areas, the GSE loan limit will increase to $679,650...Read More
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