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Treasury’s GSE Plan Still a ‘Work in Progress.' No Balance Sheet Allowed?

November 8, 2017
Paul Muolo
A guarantee fund would be developed to cover losses.
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Ellington Readies First Non-Agency MBS. Loans Supplied by LendSure Mortgage

November 8, 2017
Brandon Ivey
LendSure has financial backing from Ellington, among other investors…
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Short Takes: Angel Oak Rolls Out New Non-QM Product / A Banner Month for Citadel / Radian Says Don’t Worry About Clayton / Tax Overhaul and the MID? Relax / A New Hire for Stearns Lending

November 8, 2017
Paul Muolo
A handful of mortgage executives have suggested to us that trade groups are overreacting to the GOP’s tax overhaul plan and the way it treats the mortgage interest deduction...
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Ocwen Requests Oral Arguments in CFPB Case, Sans Trump’s DOJ

November 7, 2017
Thomas Ressler
The Trump White House has made it clear that it’s no fan of the CFPB, but the DOJ has yet to weigh in on the case…
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Redwood Increases Jumbo Acquisition Volume, Sees Strong Execution for 'Expanded-Prime'

November 7, 2017
Brandon Ivey
Redwood Trust plans to issue expanded-prime MBS on a regular basis…
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Retail Still the Largest Source of Agency Loans

November 7, 2017
John Bancroft
Correspondents generated 38.8 percent of the market and posted the highest purchase-mortgage concentration, 77.8 percent.
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As Industry Plans for Next Year, Layoffs Commence. CEO Changes Ahead?

November 7, 2017
Paul Muolo
Industry consultant Paul Hindman believes more executive changes are likely in the months ahead…
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Long-Time GSE Critic Peter Wallison Doesn’t Disappoint: Kill Fannie and Freddie, He Urges

November 7, 2017
Paul Muolo
According to Wallison: “There is nothing about the way the government has managed the housing finance system for the last 50 years that would remotely recommend a continuing government role.”
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Short Takes: The ‘Think-Tank’ GSE Hearing / More Red Ink for AAMC / AmeriSave’s New President / A Servicing Milestone for Flagstar / Equity Prime Hires New CFO

November 7, 2017
Carisa Chappell and Paul Muolo
Tuesday’s panel discussion has been dubbed the “think tank” hearing because it includes representatives from the Urban Institute, the Milken Institute and American Enterprise Institute…
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Special Counsel Clears Cordray of Election Law Violations

November 6, 2017
Thomas Ressler
The Office of Special Counsel found no evidence that the CFPB's Richard Cordray violated the Hatch Act.
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Latest Imf News

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