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Speculation Mounts: Will Watt Step Down Early from the FHFA?

July 30, 2018
Paul Muolo
EEO investigations, according to one observer, must be completed within 180 days.
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Short Takes: FHFA IG Probe of a Conflict by a Fannie Mae Executive? / Watt Says He Agrees with Two Recommendations in the IG Report / AMC in a Growth Mode / An Upgrade on Verus MBS / A Promotion at Altisource

July 30, 2018
Carisa Chappell, Brandon Ivey, and Paul Muolo
In response to IG Report, FHFA Director Mel Watt said he agrees to “both” the recommendations made by IG Laura Wertheimer and will implement them…
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Industry Execs Concerned About Growing Fannie And Freddie Footprint in Multifamily Mortgages

July 27, 2018
Fannie Mae and Freddie Mac continue to be significant players in the multifamily mortgage market, but some industry observers question whether the mortgage giants are doing too much in this arena and how they’re going about getting business.
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Annaly Packs More Non-QMs into Latest MBS, Tapping Production from 125 Lenders

July 27, 2018
Brandon Ivey
Mortgages from 125 lenders will be included in the MBS, led by Quicken Loans with a 12.8 percent share…
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Positive Responses from Lawmakers Suggest Michael Bright Will be Confirmed as GNMA Chief

July 27, 2018
Michael Bright, President Trump’s nominee to lead Ginnie Mae, wants to ensure that the agency is well run and that mistakes that led to the 2008 financial crisis are never repeated during his watch.
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Non-Mortgage ABS Issuance Slowed in 2Q18, but Production is Ahead of Last Year’s Pace

July 27, 2018
John Bancroft
Most of the major product categories had some slippage in the second quarter.
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MBA Pushing States to Quickly Implement Transitional Licenses for Loan Originators

July 27, 2018
Brandon Ivey
It could take states 18 months to implement the transitional license regime, according to MBA’s Pete Mills…
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How Large a Profit for Fannie and Freddie in 2Q18?

July 27, 2018
Paul Muolo
As GSE investor James Fenkner put it: “Yes, the U.S. Treasury will be cashing in again nicely next week.”
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What We’re Hearing: The Task Ahead for Ed DeMarco / A New Front in GSE Reform / Congress Now Deemed Totally Hopeless When it Comes Fixing the Nation’s Housing Finance System / Layoffs at Pacific Union Financial / A Promotion at Wells Fargo

July 27, 2018
Paul Muolo
As for what might be in the Hensarling bill, the conservative from the Lone Star state wasn’t offering…
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Politico Reports FHFA Director Under Investigation for Sexual Harassment; Watt Says He’s Done Nothing ‘Contrary to Law’; OCC Chief Waiting in the Wings?

July 27, 2018
Paul Muolo
According to the newspaper, Watt – a former Democratic Congressman from North Carolina – is under investigation for alleged sexual harassment of an employee.
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