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Short Takes: One More Sip From the Refi Grapes? / Auction.com Will Finance RE Investors / Wells Settles Lending Discrimination Case with HUD / IG Says FHFA Could Spruce Up its Recordkeeping / FHFA’s Watt Gets a New Chief of Staff

October 9, 2014
Paul Muolo and Charles Wisniowski
Another refi boomlet? One Long Island-based mortgage executive told us this: “Locks doubled from the day before and are up 30 percent over the previous 10 days”…
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Short Takes: Did BofA Yank a Big Subservicing Contract? / No Word From Wingspan CEO This Time / Ethos Bullish on Loan Brokers / Black Knight Hires CTO

October 8, 2014
Paul Muolo
Ethos Lending, a QM and non-QM lender, is marketing itself to third-party loan officers as the “broker advocate."
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A Small but Growing Market: MBS Backed by Nonperforming Mortgages

October 8, 2014
Brandon Ivey
Bonds backed by nonperforming residential mortgages could reach $6 billion this year. But all of the deals are "private."
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Carrington Eliminates Broker Underwriting Fee; Signs of a Price War?

October 8, 2014
Paul Muolo
In the past, when mortgage wholesalers cut fees it marked an attempt to increase production volume.
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GAO: Difficult to Evaluate FHFA on G-Fees Due to Lack of Clearly Stated Goals

October 8, 2014
Brandon Ivey
Is it that the FHFA doesn't want to take a stand on g-fees because it fears alienating the industry?
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The ‘Brain Drain’ at the GSEs Will Continue. Here’s Why

October 7, 2014
Charles Wisniowski
Are Fannie Mae and Freddie Mac executives just wage slaves? And is there something wrong with that?
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Non-QM Market Won’t Take Off Unless Warehouse Banks Line Up

October 7, 2014
Paul Muolo
There have been some reports – unconfirmed – that some Wall Street firms are considering extending “repo” lines to non-QM funders, but that hasn’t happened yet.
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$600 Million of Fannie/Freddie and FHLB MSRs Up for Grabs

October 7, 2014
Paul Muolo
In other servicing-related auctions, The Prestwick Group is working on three bulk deals and three flow transactions.
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Short Takes: Student Lender Enters Jumbo Mortgage Space / How are Mortgage Lenders Feeling? Not So Good / Ralph Nader Unhappy with GSE Decision / Why is Johnson-Crapo Even on the Senate Legislative Calendar?

October 7, 2014
Brandon Ivey, Paul Muolo, and Charles Wisniowski
Quick question: What’s the difference between student loan debt and mortgage debt? One is impossible to extinguish by going through bankruptcy.
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Industry Deconsolidation Continues, Wells’ Share of GSE Market Gets Smacked

October 6, 2014
John Bancroft
IMT also found that in 3Q, seven of the top 15 sellers to Fannie and Freddie were nonbanks.
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