What We’re Hearing: Show Us the Money / A $1 Million Signing Bonus for an LO? / A Conservative, but Liberal on Pay Raises / Hensarling’s Next Job Won’t Be… / When the Chinese Worry About Prepayments / The Return of Jon Daurio? April 6, 2018 Paul Muolo One word for crazy signing bonuses paid to LOs: stupid...Read More
All Three Agencies Had a Trying First Quarter: MBS Issuance Down Almost 18 Percent April 6, 2018 John Bancroft But Freddie Mac’s 37.2 percent drop was the biggest, by far…Read More
As Pershing Square’s GSE ‘Bet’ Craters, Reports Surface that Investors are Pulling Money Out April 5, 2018 Paul Muolo Pershing Square owns roughly 9.9 percent of Fannie/Freddie common…Read More
GSE Market Thuds to a Two-Year Low in 1Q18 April 5, 2018 John Bancroft The $81.35 billion in first-quarter Fannie/Freddie refi business was the lowest such total since the third quarter of 2014…Read More
For Ginnie Mae, a 'Line out the Door' of Potential Risk-Sharing Partners April 5, 2018 George Brooks There appears to be a long line of counterparties willing to work with Ginnie…Read More
CFPB Solicits Feedback on Financial Education April 5, 2018 Yemeng Yang The next and final RFI from the CFPB will address consumer inquiries…Read More
Blackstone’s Finance of America Buys Skyline Lending; It’s Unclear Whether It Will Remain Standalone Unit April 5, 2018 Wall Street powerhouse The Blackstone Group acquired Skyline Lending late last month, setting the stage for a potential shakeup at its mortgage operations, which include Finance of America and Stearns Lending.Read More
Spring Homebuying Season to the Rescue? Maybe, Maybe Not April 5, 2018 Brandon Ivey Lenders cited a lack of inventory of homes for sale as one of the major factors limiting demand for purchase mortgages.Read More
Short Takes: Ginnie Mae and the ‘Churning Nine,’ An Update / In the Ginnie Penalty Box? / Stone Point Buys Due Diligence Provider AMC / Synergy One Hires New Production Chief April 5, 2018 George Brooks and Paul Muolo Stone Point Capital has acquired a controlling stake in due diligence provider American Mortgage Consultants.Read More
Trouble Brewing for Fannie and Freddie in High DTI Market? April 4, 2018 John Bancroft MGIC, Radian, Essent and National MI all announced that they would no longer insure loans with DTI ratios over 45 percent and credit scores below 700…Read More
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