Where Have All the Ginnie Mae Applicants Gone? August 7, 2020 Paul Muolo Thanks to strong cash prices paid by FHA/VA aggregators, fewer mortgage firms are seeking their Ginnie “eagles.”Read More
The MMIF Audit is Almost Done. Should FHA Be Worried? August 7, 2020 Paul Muolo Soon after the government’s fiscal year ends on Sept. 30, the annual audit of the FHA’s MMIF will be published. Should HUD be worried?Read More
Large FHA Lender Loses Legal Battle in M&A Case July 24, 2020 Paul Muolo FHA/VA lending giant Freedom Mortgage lost a court battle over an aborted M&A deal with RoundPoint Mortgage. Is a settlement in the works?Read More
Former Ginnie Chief Tozer Continues to Worry About Liquidity July 24, 2020 Paul Muolo Ted Tozer, the former Ginnie president, wants to head off a potential liquidity crisis before it happens. Is anyone listening?Read More
Ginnie Dampens ‘Easy Pickings’ on Buyouts July 10, 2020 Brandon Ivey and Paul Muolo Ginnie Mae recently changed pooling practices tied to the buyout of delinquent mortgages from its MBS.Read More
Ginnie MSR Sales Almost Nonexistent. However... June 26, 2020 Paul Muolo Signs of life in Ginnie Mae-related MSR deals? Not yet but hope springs eternal. Read More
Second-Ranked FHA Lender Quicken Contemplates IPO June 12, 2020 Paul Muolo Quicken Loans, the largest home lender in the nation, has yet to publicly file an S-1 statement with the SEC.Read More
Industry Urges FHA to Reverse Forbearance Policy June 12, 2020 Maria Volkova Industry wants FHA to guarantee loans but not charge lenders for loans in progress where COVID-19 forbearance has been invoked.Read More
A Growing Fear that Ginnie ‘Buyouts’ Could Mushroom June 12, 2020 Paul Muolo Ginnie MBS investors hate loan buyouts because it alters prepayment speeds. Will the COVID-19 crisis spark a wave of new activity?Read More
Top-Ranked FHA Lender Posts Stunning Gain-On-Sale May 29, 2020 Paul Muolo Even though loan forbearance is an issue that won’t go away, some FHA lenders are reporting off-the-charts profit margins. Included in that club: Mr. Cooper. Read More