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FHFA Establishes ‘Minimum’ Return on Equity Goals for Fannie and Freddie, Sparking New Speculation

February 22, 2018
John Bancroft and Paul Muolo
According to their financial disclosures and company officials, both GSEs saw a sharp decline in the average guarantee fee they charged on new MBS issued during the fourth quarter…
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FTHB Market Strongest Since 2006, Supply Headwinds Remain

February 22, 2018
Carisa Chappell
A lack of affordable homes to buy could stifle the first-time home buyer market, Genworth believes…
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Burned by Borrower Fraud, Santander Sells Its Warehouse Business to Flagstar

February 22, 2018
Flagstar Bancorp agreed Tuesday to buy the mortgage warehouse loan portfolio from Santander Bank. The deal will make Flagstar the fourth largest warehouse loan provider by commitments.
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Stearns’ Latest Asset Sale Raises Questions About its Future. What’s The Blackstone Group Thinking?

February 22, 2018
Over the past 12 months, Stearns Lending has jettisoned its delegated correspondent lending platform and recently sold most of its $23.2 billion servicing portfolio, raising new questions about the company’s direction.
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Short Takes: Another Big MSR Deal Afoot? / Park Avenue for JPM, Lisa Douglas Would be Happy / A Loss for Invitation Homes / Too Much Family Time at HUD? / CFPB Readies Even More RFIs

February 22, 2018
Paul Muolo and Yemeng Yang
Invitation Homes, the nation’s largest single-family rental operator, lost $46.0 million in the fourth quarter...
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PennyMac Readies Another ABS Backed by Ginnie Mae MSRs, Deal Receives Preliminary BBB- Rating

February 21, 2018
Brandon Ivey
PennyMac likely will use the proceeds to buy additional servicing rights…
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In Wake of Warehouse Fraud, Santander Sells Business to Flagstar. Deal Will Create Nation’s Fourth Largest Warehouse Provider

February 21, 2018
Paul Muolo
Flagstar also will hire Santander’s “existing" warehouse relationship managers...
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High (Interest Rate) Anxiety Starts to Seep Into the Mortgage Industry

February 21, 2018
Paul Muolo
“The new year has all of us in the MSR market off to a running start as we see increases in mortgage rates and lower originations leading to greater demand, allowing for improved pricing of the MSR asset,” said Tom Piercy, managing director of Incenter Mortgage Advisors, Denver.
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Seniors Had Fewer Mortgage-Related Complaints in 2017

February 21, 2018
Most complaints from seniors over the past two years centered on conventional mortgages…
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A Great Time to Sell Servicing Rights: IMA, MIAC and Prestwick Launch Auctions

February 21, 2018
Paul Muolo
The MSR auction calendar is starting to look crowded…
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