Retail Channel Continues to Lose Market Share as Correspondent Surges January 14, 2019 John Bancroft Wholesale-broker activity saw roughly the same rate of decline as the retail channel did...Read More
What Michael Bright’s Resignation Might Mean for GSE Reform January 11, 2019 Paul Muolo The odds of GSE “recap and release” becoming a reality just went down…Read More
What We're Hearing: The Otting Era Commences / Waiting on the Senate (It Didn’t Work for Michael Bright) / 11 Days In and All Shook Up / HFSC Chair Worries about Furloughed Workers and Delinquencies / Keep an Eye on Jan. 15 / The Milken Institute Weighs i January 11, 2019 Paul Muolo We’re just 11 days into the new year and already things are getting interesting in the mortgage industry... Read More
Acting Ginnie Mae President Michael Bright Bolts Agency for SFIG January 10, 2019 Paul Muolo Bright will earn significantly more working for SFIG than at Ginnie, easily doubling his salary and then some...Read More
Short Takes: Who Is Maren Kasper? / Not Shy / Headed to the White House? / GSE ‘Recap and Release’ Just Got Knee-Capped / IMA Offers Bulk MSR Package January 10, 2019 Paul Muolo With Michael Bright's departure, GSE "recap and release" just got hurt...Read More
FHA Tells Servicers to be Lenient Toward Furloughed Federal Workers and Contractors January 9, 2019 Paul Muolo The FHA handbook states that servicers can receive a “financial incentive” for offering forbearance...Read More
Market Shocker: Ginnie Mae Interim President Michael Bright Quits January 9, 2019 Paul Muolo Bright was first nominated to the post by President Trump in May of last year. He had been serving as an EVP at Ginnie.Read More
The Final Ginnie Mae Issue Tally for 2018: $388 Billion January 8, 2019 George Brooks Feeding the decline was an 18.8 percent sequential drop in VA purchase loans…Read More
Democrats on the HFSC Seek FHA Loans for DACA Recipients January 7, 2019 George Brooks Although HUD has voiced its opinion on the eligibility of DACA recipients informally, no official, definitive pronouncement has been issued – to the consternation of lenders.Read More
MBS/ABS Market Ends Year with Lackluster Production. Weakest Reading in Five Years January 4, 2019 John Bancroft The biggest reason for the slump: the decline in single-family MBS production by Fannie, Freddie and Ginnie…Read More
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