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Securitization Market Limped Through 3Q18 with Help From Agency MBS Issuance

October 4, 2018
John Bancroft
The major driver was a 16.8 percent jump in Fannie Mae issuance…
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Warehouse Banks Ponder MSR Financing – But There’s Freddie Mac to Worry About

October 4, 2018
Paul Muolo
This executive, like many interviewed, called it an example of charter creep. Freddie and the FHFA think otherwise…
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MBS/ABS Participants Getting Used to a ‘Constructive’ Relationship with Regulators in the Trump Administration

October 4, 2018
Brandon Ivey
Federal regulators have changed their tone under President Trump, according to participants in the MBS and ABS markets.
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Nonbanks Gained Market Share in 2Q18

October 3, 2018
John Bancroft
As a result, the nonbank share of new production edged up to 53.9 percent, its highest level since the second quarter of 2017.
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Credit Suisse, New Residential Prep Non-Agency MBS Backed by Seasoned Mortgages

October 3, 2018
Brandon Ivey
In the New Rez deal, the mortgage have seasoned for more than 13 years, on average…
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CMLA Criticizes Brookings Report on Nonbank Mortgage Firms

October 3, 2018
Paul Muolo
Rob Zimmer of CMLA: “The organization [Brookings] is now pushing a deeply flawed report that uses veterans and active-duty personnel as pawns…”
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CFPB’s Mulvaney Says Reorg Will Continue Despite Criticism of Fair Lending Chief

October 3, 2018
Yemeng Yang
CFPB Director Mulvaney: “I will not be undoing the changes. I recognize this is not the result that some of you may have wanted. But I stand by my decision and we will proceed accordingly.”
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FHFA’s Examiner Program Under Fire for Lack of Results

October 3, 2018
Carisa Chappell
During a House hearing, Rep. Ann Wagner, R-MO, criticized the FHFA for spending $7.7 million on what she called a “crucial training program which lacks professionalism, among other things…”
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Short Takes: How High Might the Yield on the 10-Year Go? / Waiting on a Stock Market Correction / Deficits Don’t Matter Anymore (For Now) / A New Office for Better Mortgage / Richey Buys Two / Freddie Promotes Former Wells Fargo Exec

October 3, 2018
Paul Muolo
The stock market hit a new high. What possibly could go wrong?
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Trade Groups Seek Changes to LO Compensation Rule

October 2, 2018
Yemeng Yang
Trade groups said the rule, while well-intentioned, is causing serious problems for the mortgage industry…
Read More
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