JPM Readies Non-Agency MBS Backed by Loans Eligible for Sale to the GSEs April 2, 2018 Brandon Ivey The loans in Chase's new MBS have an average balance of $527,877.Read More
On the Rise: Correspondent Market Share April 2, 2018 John Bancroft Acquiring government-insured loans from correspondent lenders has been a huge part of the Ginnie Mae market in recent years… Read More
Apathy Setting in on GSE Legislation. Industry Focus Shifts to Reg Reform April 2, 2018 Paul Muolo Cowen & Co. recently updated its forecast on GSE reform passing this year, slashing the odds to just 10 percent.Read More
MBA Calls for ‘Regulatory Sandbox’ for Non-QM Lending Ahead of Treasury Report on FinTech April 2, 2018 Brandon Ivey The idea is to offer “a space where businesses can test innovative products and processes without risk of regulatory consequences,” according to the Mortgage Bankers Association…Read More
KBW: Servicing Values Up 7 to 15 percent YTD April 2, 2018 Paul Muolo A Ginnie Mae crackdown on “loan churning” is helping MSR values in that sector as well… Read More
Short Takes: 1Q18 was a Mixed Bag / Selected Reports of Strong Growth / MIAC was Busy with MSR Auctions / Here Come the Proxies / Waiting on the BLS April 2, 2018 Paul Muolo Meanwhile, the servicing sector appears to be picking up a head of steam...Read More
Fannie/Freddie Shareholders Continue to File Lawsuits Challenging Treasury Sweep April 2, 2018 Carisa Chappell The company said it made the investments because it believed in the future economic prospects of the companies…Read More
Barclays Settles Pre-Crisis Non-Agency MBS Issues with DOJ for $2.0 Billion; Two Former Execs Also Settle March 30, 2018 Brandon Ivey Charges were also filed against Paul Menefee, the former head banker of Barclays’ subprime MBS unit...Read More
What We’re Hearing: Not Much Time Left for the GSE ‘Gang of Four’ / Don (Heart) Fannie and Freddie / Go Ahead, Keep on Suing / Why Join a Company That’s in Conservatorship? / CoreLogic Reduces its Head Count / CMLA Not Amused March 30, 2018 Paul Muolo At yearend 2017, CoreLogic employed 5,900, a reduction of 400 full-timers over the previous 12 months...Read More
Freddie Mac Taps CoreLogic’s Sam Khater as New Chief Economist March 29, 2018 Paul Muolo A spokeswoman for CoreLogic confirmed that Khater is leaving the company…Read More
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