Acting Ginnie Mae Chief Michael Bright Worries about Liquidity, Big Time April 6, 2018 Paul Muolo Acting Ginnie Mae President Michael Bright said some of the concerns regarding nonbanks raised in a recent Brookings Institute white paper are valid…Read More
What We’re Hearing: Show Us the Money / A $1 Million Signing Bonus for an LO? / A Conservative, but Liberal on Pay Raises / Hensarling’s Next Job Won’t Be… / When the Chinese Worry About Prepayments / The Return of Jon Daurio? April 6, 2018 Paul Muolo One word for crazy signing bonuses paid to LOs: stupid...Read More
All Three Agencies Had a Trying First Quarter: MBS Issuance Down Almost 18 Percent April 6, 2018 John Bancroft But Freddie Mac’s 37.2 percent drop was the biggest, by far…Read More
For Ginnie Mae, a 'Line out the Door' of Potential Risk-Sharing Partners April 5, 2018 George Brooks There appears to be a long line of counterparties willing to work with Ginnie…Read More
Private Credit-Risk Enhancers Express Interest In Ginnie Mae’s Risk-Sharing Project with FHA April 5, 2018 There is a lot of interest in Ginnie Mae’s proposed credit-risk transfer pilot with FHA that’s scheduled for later this year, according to the agency’s acting chief.Read More
Short Takes: Ginnie Mae and the ‘Churning Nine,’ An Update / In the Ginnie Penalty Box? / Stone Point Buys Due Diligence Provider AMC / Synergy One Hires New Production Chief April 5, 2018 George Brooks and Paul Muolo Stone Point Capital has acquired a controlling stake in due diligence provider American Mortgage Consultants.Read More
Ginnie Contemplates Grading System for Issuer/Servicers April 3, 2018 Paul Muolo Such firms would then be eligible for what he called “concierge services” from the agency.Read More
Short Takes: No Word from the White House / Thinking About Risk, Daily/ Cash-out Refis on the Rise / Annaly’s Unique MBS / Ellington CFO Lisa Mumford Retires April 3, 2018 Brandon Ivey and Paul Muolo A subsidiary of Annaly Capital Management plans to issue a non-agency mortgage-backed security with a mix of seasoned mortgages...Read More
Megabanks and Even Nonbanks Continue to Rely Heavily on Correspondent Channel for Government Loans March 29, 2018 George Brooks The megabanks and some top ranked nonbanks rely heavily on correspondent purchases to gather FHA and VA loans…Read More
USDA Continues Pilot Program that Uses Alternative Loan Limits March 28, 2018 George Brooks Regardless of the method used, the area loan limit may not exceed the FHA single-family mortgage limit.Read More
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