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Inside MBS & ABS
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Lenders Will Have More Time to Comment on G-Fees

July 30, 2014
Charles Wisniowski
By extending the comment period, it’s likely that lenders will have at least 120 days before any g-fee hikes are installed.
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Short Takes: Todd Rundgren Takes on JPM / Jumbo Production Jumps 37% at EverBank / HAMP Processing Slows – A Lot / FHFA’s Watt to Take HARP Road Show to Atlanta / More Executive Changes at Flagstar

July 30, 2014
Brandon Ivey, Paul Muolo, and Charles Wisniowski
Hello, It's Me Again: Your foreclosure notice.
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Non-Mortgage ABS on Track for Best Year Since 2008 Crash

July 29, 2014
John Bancroft
Analysts at Wells Fargo Securities recently upsized their ABS issuance forecast for 2014, projecting $195 billion in issuance for the year.
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Short Takes: Two Harbors Hits Market with a New Jumbo MBS / CFPB Targets Great Lakes Area Mortgage Lender / Happy (?) Third Birthday CFPB / Shorts Target Stonegate Mortgage / New Duties for BofA Mortgage Chief

July 29, 2014
Paul Muolo
Surprise: Two Harbors is preparing a new jumbo MBS deal. It looks like the bond will be issued in early August...
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Believe It or Not: White House Still Working on Advancing GSE Reform This Year

July 28, 2014
Charles Wisniowski
In mid-July senior White House staff, Treasury officials and the staffers from the Council of Economic Advisers met with representatives from a number of industry trade groups to discuss housing finance reform.
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A Ton of New MSR Deals Hit the Market, but Not Legacy Product

July 28, 2014
Paul Muolo
"There are plenty of small deals out there," said one mortgage analyst, "but no big ones."
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Strong Investor Demand for BlackRock’s Auction of Subprime MBS

July 25, 2014
Brandon Ivey
Credit Suisse submitted winning bids on all of the non-agency MBS auctioned by BlackRock, with most of the securities quickly being placed with other investors.
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Buried in the FHFA IG Report: Fannie and Freddie Will Conduct More ‘Operational Reviews’

July 25, 2014
Paul Muolo
Nationstar Mortgage and Walter Investment are the only seller/servicers (counterparties) mentioned by name in the FHFA IG report on nonbank risk.
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What We’re Hearing: Why Doesn’t JPM Just Get Out of Mortgages Entirely? / Down, Down, Down: JPM’s Ginnie Share / NAR’s Yun: CFPB Might Want to Investigate FHA / Do LOs Exaggerate Their Production Numbers? / Zillow and Trulia: A Match Made in Money-Losing

July 25, 2014
Paul Muolo
NAR Chief Economist Lawrence Yun: “The way they have raised premiums and fees – the way I view it and what I hear from Realtors – is essentially they are ripping off consumers. It’s almost as if HUD needs to be turned over to the CFPB to be investigated"...
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HUD: Other Lenders Will Fill the Void if JPMorgan Bolts FHA

July 24, 2014
Paul Muolo
Are officials at HUD worried that JPM's Jamie Dimon may follow through on his threat to leave the FHA program? Not in the least.
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Latest Imf News

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