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Mortgage REITs Boost Residential MBS Holdings in 3Q17

November 16, 2017
John Bancroft
MBS-investing REITs boosted their holdings by 10.1 percent on a sequential basis…
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Watt Likely Won’t Act on Zero Capital Buffer This Year, but Consensus Forming on a GSE Bill?

November 16, 2017
Paul Muolo
Republicans are reportedly on board with the federal MBS guarantee but reluctant to backstop future guarantor entities…
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Correspondent Share of FHA Loans Nears the 49 Percent Mark

November 14, 2017
John Bancroft
Correspondent programs are most dominant in the FHA market, perhaps reflecting a preference among large producers to have recourse…
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HMDA Analysis: Higher-Priced Lending Spikes

November 14, 2017
Brandon Ivey
Some $28.61 billion of non-government-insured higher-priced mortgages were originated in 2016, up 28.9 percent from the previous year…
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Short Takes: FHA MMIF Results Due Wednesday / Fannie’s Foray into Construction-to-Perm? / Production Chief Departs / Drones Being Used by Some Mortgage Servicers / A Loss for Invitation Homes

November 14, 2017
Paul Muolo
However, a source familiar with the matter stressed that the GSE is merely considering a construction-to-perm product and nothing more.
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KBW: A Change to the GSE Dividend Sweep ‘Unlikely’

November 13, 2017
Paul Muolo
KBW estimates that if the corporate tax rate falls, Fannie and Freddie, combined, would have to fork over to Treasury an estimated $13 billion to $19 billion…
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What We’re Hearing: The Wilbur Ross Story / Tapping Mortgage Expertise / Enter the Phrase ‘Legal Proceedings’ and See What You Find / David Kittle and the Ginnie Mae Job / Reverse Lender has Record Month / A New Hire for Better Mortgage

November 10, 2017
Paul Muolo
You might say that Wilbur Ross got out of Ocwen while the getting was good...
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Surprise: CMBS Has its Best Issuance Quarter Since 2Q08

November 10, 2017
John Bancroft
Fannie, Freddie and Ginnie continued to dominate multifamily activity…
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As Promised: If the GOP Lowers the Corporate Tax Rate, the GSEs are in Deep Trouble

November 10, 2017
Carisa Chappell
“A significant reduction in the corporate tax rate would result in a significant net loss, and that could result in a loss for the year,” said Fannie CEO Timothy Mayopoulos…
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The Red Ink Kept Flowing at Walter in 3Q17; Revenues Down 15 Percent

November 10, 2017
Paul Muolo
Walter CEO Tony Renzi: “Our operating performance is improving in many areas, and we are continuing our financial restructuring efforts…"
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