14 Nonbanks Received the Ginnie ‘Liquidity’ Letter. A Concern Regarding ‘Cash-out’ Moves by Owners? November 9, 2018 Paul Muolo The implication is that declining originations, plummeting refinancing volume and razor-tight profit margins are causing consternation at Ginnie…Read More
CFPB and FHFA Release First Loan-Level Dataset for Public Use November 9, 2018 Yemeng Yang The CFPB and FHFA have been compiling the survey data but have never released the results.Read More
What We’re Hearing: The ‘Hensarling Effect’ / Team Trump, Not Congress, Will Reshape the Fannie and Freddie / Timing? / Selling Servicing Rights to Unleash Revenue / Ocwen’s Head Count November 9, 2018 Paul Muolo The first move expected is a possible lowering of GSE loan limits... Read More
HUD Working on MOU to Clarify Use of False Claims Act November 8, 2018 George Brooks FHA is considering its Mortgagee Review Board as an alternative to the FCA in meting out penalties...Read More
Short Takes: A Sale Agreement but What’s the Price, Mr. Cooper? / A Material Event? / UBS Expects DOJ Action / Ellington’s New Non-QM MBS / A New Hire for Home Point November 8, 2018 Brandon Ivey and Paul Muolo UBS said the Department of Justice intends to file a civil complaint against the company relating to pre-crisis MBS issuance...Read More
NYSE Suspends Trading in Ditech, Nation’s 13th Largest Servicer November 7, 2018 Paul Muolo Ditech said it has no plans to appeal the NYSE’s decision.Read More
QM Patch Expiration Could Shift More High-DTI Loans to FHA November 7, 2018 George Brooks Analysts see the expiration of the QM patch as having a lesser effect on the non-agency market and a greater impact on FHA...Read More
Short Takes: GSE Oversight Hearing Delayed Yet Again / Coming in 2019? / Maxine Water’s GSE Reform Bill? / Bermuda Insurer Partners with Radian / Ocwen’s New Name? Maybe Newco? / PrimeLending’s New Hire November 7, 2018 Paul Muolo Will Rep. Maxine Waters tackle GSE reform?Read More
Ginnie Asks Top Servicers to Come up with ‘Liquidity Plan’ November 6, 2018 Paul Muolo One observer with clients who received the letter, said: “This has spooked the horses.”Read More
Short Takes: Calabria for the FHFA Job? / Egenhoefer’s New Gig? / Ocwen’s Share Price Gets Clocked / WAMCO Prepares EC MBS / Invitation Homes’ SFR Inventory / Fast-Growing Servicers November 6, 2018 Brandon Ivey and Paul Muolo Among the nation’s top 20 servicers at Sept. 30, Freedom Mortgage had the largest increase its MSR balances...Read More
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