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Short Takes: Chase Issuing CRT on Jumbo Pools / New Rez Weathering MSR Markdowns / Leadership Turnover in HUD Housing Programs

October 11, 2019
Dennis Hollier

Maren Kasper Leaving Ginnie Mae

October 11, 2019
Paul Muolo

Sources indicated that Kasper was hoping to be nominated as permanent president; but, in what has become a pattern for the Trump administration, the nomination notice never came.


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GSE Reform: Maybe Call In the Federal Reserve?

October 10, 2019
Dennis Hollier

“We’re trying to be holistic about this,” said FHFA Director Mark Calabria, “which obviously means it takes time.”


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3Q19: Expanded-Credit MBS Issuance Soars While Non-Agency Stays Flat

October 10, 2019
John Bancroft

Expanded-credit MBS issuance (the sum of nonprime and Alt A) hit $9.90 billion in the third quarter, a 60.8% jump from the previous period.


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Lenders Seek to Reverse CFPB Enforcement Actions

October 10, 2019
Yemeng Yang

The lender argued that a financial institution that is subject to a pending enforcement action by an unconstitutionally structured agency is entitled to meaningful relief.


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Short Takes: Clearing the Decks for GSE R&R / Fannie and Freddie and Their Investment Bankers? / Help Wanted: Congressional Affairs Specialist at the FHFA / In the Spotlight: MFA Financial

October 10, 2019
Paul Muolo

By now, everyone knows the Federal Housing Finance Agency plans to hire an investment banking firm to assist with recap and release plans, but what about the GSEs?


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Originations are Strong but Lenders are Careful to Hire

October 10, 2019
Paul Muolo

There's a strong demand out there for mortgage processors, but overall, residential-related hiring has been tepid...


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Once Again, Mortgage Denial Rates Vary Among Racial Groups

October 10, 2019
Yemeng Yang

On purchase mortgages, African-Americans were denied 17.5% of the time compared to 8.0% for non-Hispanic whites…


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First-Time Home Buyer Business Up 20% in 3Q19, But Repeats Even Higher

October 10, 2019
John Bancroft

The FHA program saw the slowest gain in FTHB business, up just 13.6% from the previous period…


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Mortgage Vendor Altisource Yanks the Cord on RE Advisory Unit

October 10, 2019
Paul Muolo

Altisource’s share price is trading near a 52-week low. The vendor’s largest client is Ocwen Financial, a mega nonbank that’s struggled with profitability…

 


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