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29 Trade Groups and Organizations Ask White House and Congress to ‘Cement’ GSE Progress

September 5, 2018
Paul Muolo
The letter – signed by trade groups both large and small – comes a day before the 10th anniversary of the federal takeover of Fannie and Freddie...
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Blackstone Hires Former Clayton Chief to Head TORO Unit

September 5, 2018
Paul Muolo
Blackstone TORO likes to buy non-QM products...
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Short Takes: That Was Then, This is Now (Fannie/Freddie) / Not Much Traction / Invitation Homes’ SFR Portfolio: 80,000 Rentals / Former FHFA Chief Nominated by Trump / A New Hire for Pavaso

September 5, 2018
Paul Muolo
Since 2012, Fannie and Freddie have been minting money...
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Freddie CEO Don Layton Announces His Retirement

September 5, 2018
Paul Muolo
For its internal candidate, Freddie has identified David Brickman to succeed Layton.
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GSE Buybacks Declined in 2Q18, but Pipeline of Pending Demands Grew

September 4, 2018
John Bancroft
Only a trace amount – 0.5 percent – of unresolved buyback cases were related to loans purchased by the GSEs before 2009.
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CHLA Asks IRS to Ensure Nonbanks are Eligible for New Deduction – Just like Banks

September 4, 2018
Brandon Ivey
CHLA and the Mortgage Bankers Association have cited a number of technical reasons why nonbanks should be eligible for the pass-through deduction.
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Trades Working on a ‘Don’t Do Anything Rash’ GSE Letter to Treasury

September 4, 2018
Paul Muolo
There’s a growing concern about a potential reduction in GSE loan limits…
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RoundPoint Hikes Debt Facility to $650 Million

September 4, 2018
Paul Muolo
RoundPoints new debt facility expires in 2021...
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Short Takes: Quicken’s Message to Loan Brokers / A Big Gain in Quicken’s Broker Market Share? / Lennar Picks New CEO for its Mortgage Sub / Fintechs Should be in CFPB’s Complaint Database

September 4, 2018
Paul Muolo and Yemeng Yang
The marketing message from Quicken goes on to say: “Brokers are taking notice as we’ve doubled our market share over the last year..."
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Mortgage Banking Income at Depositories Held Steady in 2Q18, Call Reports Show

September 4, 2018
John Bancroft
For many depositories, there’s a significant mismatch between their reported mortgage banking income and what’s on their call reports…
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