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FHFA IG Critical of Fannie Mae Consolidation Play in Northern VA

September 18, 2018
Carisa Chappell
The IG says four officials in the FHFA’s Division of Conservatorship told investigators that Fannie did not face an “action forcing” event…
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Watt Accuser at the FHFA Seeks Senate Hearing on Sexual Harassment Allegations

September 18, 2018
Carisa Chappell
In late July, Director Watt issued a statement saying he had not “done anything contrary to law.”
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Wells Fargo Ready to Break its Jumbo MBS Drought

September 17, 2018
Brandon Ivey
Wells Fargo accounted for 15.0 percent of all jumbo mortgages originated during the first half of 2018…
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GSE Purchase Business Up Again, but Refis Rise as Well

September 17, 2018
John Bancroft
The refi surge may be attributable to more cash-out transactions.
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Wanted: Two Semi-Retired CEOs Who Can Run Fannie and Freddie

September 17, 2018
Paul Muolo
Then again, maybe needing a CEO is overblown. James Fenkner, a GSE shareholder, told Inside Mortgage Finance: “It is not that the CEOs are paid too little…”
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Parent of Church Street Mortgage Files to Go Public

September 17, 2018
Paul Muolo
If all goes well, the net proceeds will total $20.25 million.
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Short Takes: MBA’s Stevens Looks Back at the GSEs (Pre-Crisis) / A No-Bid Because of FM Watch Ties / What’s FM Watch? / Sharp Elbows? / TMS Buys Two MSR Packages, Is Hungry for More / PenFed Hires USAA Exec to Run Mortgages

September 17, 2018
Paul Muolo
It may be hard to fathom, but Fannie and Freddie once played with very sharp elbows…
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MBS Issuer SG Capital Launches Wholesale Mortgage Originator to Feed a Growing Aggregation Business

September 14, 2018
SG Capital Partners, a boutique investment banking firm chock full of former Goldman Sachs executives, has launched a new wholesale lender to originate non-qualified mortgages, most of which will wind up in MBS deals.
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CMBS to Benefit as More Income-Property Managers Embrace Smart Building Technology, DBRS Says

September 14, 2018
Increasing use of smart building technologies such as the internet-of-things can benefit commercial real estate, and thus bring meaningful impact to commercial MBS, said DBRS.
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Tighter Scrutiny Forces Commercial Lenders, Securitizers to Tread Lightly in ‘Weed’ Market

September 14, 2018
A number of commercial real estate lenders are dipping their toes into lending to marijuana dispensaries with the expectation of securitizing these loans, but such ventures might be premature, according to an analysis by the Dechert law firm.
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