Angel Oak Set to Issue its Largest Nonprime MBS Deal to Date June 29, 2017 Brandon Ivey It’s the fourth trip to the nonprime MBS well for Angel Oak…Read More
Short Takes: Sen. Crapo: Recap & Release is Not a Solution / MBA Chimes In as Well / FHFA Holds Forum on SFR. Means What? / From Troy to Pontiac for UWM / SoFi’s Big Mortgage Idea June 29, 2017 Carisa Chappell and Paul Muolo Maybe GSE 'recap and release' is DOA?Read More
On the Senate Banking Committee a Consensus for GSE Reform: An Explicit MBS Guaranty is Needed June 29, 2017 John Bancroft Committee Chairman Mike Crapo, R-ID, listed maintaining the TBA market and the 30-year fixed-rate mortgage among his important principles for reform… Read More
NAR Asks FHFA to Allow GSEs to Build Capital; Treasury and Panels Get CC’d June 28, 2017 Paul Muolo Under NAR's plan, a portion of GSE profits would be deposited into a liquidity fund controlled by the FHFA.Read More
Credit Suisse Resuming Non-Agency MBS Issuance, Prepares Deal Backed by Re-performers June 28, 2017 Brandon Ivey The firms originating the collateral backing the MBS were not identified.Read More
Short Takes: Uncle Sam will be $5B Richer on Friday (GSE Money) / Zilch for the Others / Break Up Fannie and Freddie? / Something to Ponder / A Promotion at Guild Mortgage June 28, 2017 Paul Muolo Meanwhile, holders of the GSE junior preferred stock receive nothing from Fannie and Freddie in terms of dividends. Read More
Captive Insurers (REITs) Would Stay in the FHLB System if House Bill Becomes Law June 27, 2017 Carisa Chappell If the bill becomes law, REITs that gained access to low-cost FHLB advances would get a reprieve.Read More
Poll: Industry Wants Fannie and Freddie Preserved with ‘Existing Operations’ June 27, 2017 Paul Muolo Just 18 percent of respondents said they do not want the GSEs preserved in their current state...Read More
Short Takes: Earnings Season is Upon Us / Business Must be Good at PennyMac / Fidelity National Makes an Acquisition / It’s Not a Malware Problem / Home Loans by (Yes) Homie June 27, 2017 George Brooks and Paul Muolo We kid you not: Home loans from a firm called Homie...Read More
Short Takes: CFPB Seen as Limited by Election Results; Many Factors Contributing to Looser Underwriting; Outlook on Demand for Agency MBS June 26, 2017 Brandon Ivey The Consumer Financial Protection Bureau has largely been “defanged” in the aftermath of 2016 elections, according to analysts at FBR Capital Markets.Read More
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