MBA Panelists Express Grave Concerns about the Current Profit Picture October 16, 2018 Paul Muolo Ken Logan, managing director of warehouse finance for Wells Fargo Bank, noted that nonbanks need to know “not having cash matters.”Read More
Flagstar Readies Non-Agency MBS Stocked with GSE-Eligible Loans for Investment Properties October 16, 2018 Brandon Ivey Some 78 percent of the loans are GSE-eligible mortgages for investment properties…Read More
Mulvaney Tells MBA: CFPB to Define ‘Abusive’ Under UDAAP; Regulation by Enforcement is Over October 16, 2018 Yemeng Yang CFPB chief Mick Mulvaney declared the regulation-by-enforcement approach done...Read More
FHA Market Grows Riskier in 2018 October 16, 2018 John Bancroft FHA debt-to-income ratios are also deteriorating…Read More
MBS ‘Godfather’ Ranieri Agrees to Sell Servicing Company Selene October 16, 2018 Paul Muolo “It’s time to go,” said Ranieri...Read More
Short Takes: Trump’s Point Man on GSE Reform: Yank Fannie and Freddie’s Charters / New 52-Week Lows / Ginnie Issuer Gets its Ticket Pulled / Uncle Sam is Spending Too Much Money (Again) / A Name Change for Ocwen? October 16, 2018 Paul Muolo Meanwhile, there was chatter at the MBA convention that Ginnie Mae had just yanked the ticket of one of its MBS issuers.Read More
Incenter, Phoenix Capital Out with New MSR Auction Notices October 14, 2018 Paul Muolo IMA described the selling originator as an “independent mortgage banker with strong net worth... Read More
GSE Single-Family Business Up 10 Percent in 3Q18 October 14, 2018 John Bancroft Fannie enjoyed a 29.9 percent quarterly increase in purchase business, nearly double Freddie’s 15.4 percent gain.Read More
Short Takes: GSE Pilot Hearing Postponed / An Opportunity to Gather Intelligence? / Freddie's Qualification Tool for Self-Employed Borrowers / GSE Duty-to-Serve Updates / New Hires for ComplianceEase, Element Funding October 14, 2018 Carisa Chappell and Paul Muolo The Senate Banking Committee's review of GSE pilot programs will have to wait...Read More
Mortgage-Hungry Insurance Conglomerate Hits the Pause Button on M&A as Grand Jury Convenes October 12, 2018 Paul Muolo Eli Global’s mini-mortgage empire includes lender/servicer Castle & Cooke, wholesaler Western Bancorp, Prime Mortgage and a warehouse lending division called CapLoc…Read More
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