Industry Calls for CFPB Rulemaking to Clarify the Role of Guidance November 13, 2018 Yemeng Yang Lenders continue to worry about examiners critiquing them on issues not based in law…Read More
Short Takes: Assessing the Value of GSE Common / The Prior Decade and GSE Share Prices / Worrying About Home Values in California / Another MBS Settlement for Wells Fargo / Vendor Hires Fannie Mae Official November 13, 2018 Paul Muolo Early last decade, Fannie common once traded as high as $85.03, Freddie $68.20.Read More
GSE Credit Box Opened Slightly Wider in 3Q18 November 12, 2018 John Bancroft The dollar volume of low-score purchase loans increased by 29.8 percent from the second to the third quarter, while total GSE purchase business went up 23.6 percent.Read More
Odds of GSE Reform May Not Have Changed Much November 12, 2018 Paul Muolo Gone from the Senate, via retirement, is Sen. Bob Corker, R-TN, a moderate Republican who was a proponent of reforming the secondary mortgage market…Read More
Ellington Will Convert to a REIT, Focusing on Credit Investments and Agency MBS November 12, 2018 Brandon Ivey Ellington CEO Laurence Penn: “Becoming a REIT would bring with it big benefits, such as lower effective tax rates..." Read More
September Proves to be a Turning Point for Mortgage Employment, and Not in a Good Way November 12, 2018 Paul Muolo One loan broker said business has been so slow that it’s like, “going into a hockey rink overnight: Dead quiet.”Read More
Short Takes: Still Hiring, UWM / Strong Growth for the Nation’s Largest Wholesaler / The Moelis GSE Plan: the Good and the Bad / Promotions at Nations Lending November 12, 2018 Paul Muolo United Wholesale Mortgage continues to hire...Read More
Agency Single-Family MBS Production Softened in October as Purchase Market Deflated November 9, 2018 John Bancroft Fannie, Freddie and Ginnie issued a combined $98.03 billion of single-family MBS last month, a 5.1 percent drop from September…Read More
Single-Security Transition is on Schedule, but Some Investors May Prefer One GSE Over the Other November 9, 2018 John Bancroft The grand concept behind the single security is that MBS issued by Fannie and Freddie will be fully fungible and interchangeable.Read More
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
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