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The Equifax Data Breach – What it Might Mean for the Mortgage Industry. Warehouse Implications?

October 10, 2017
Paul Muolo
Overall, hackers stole financial information on roughly 140 million American consumers…
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Short Takes: CIT Will Take Hefty Hit on Sale of Financial Freedom / OneWest’s Roots / Fannie and Freddie Affected by Deloitte Hack? / ALTA Unveils Registry / A New Hire for Platinum

October 10, 2017
Brandon Ivey and Paul Muolo
CIT Group will take a charge of up to $50 million on the sale of Financial Freedom...
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GSE Purchase-Loan Share Hit 63 Percent in 3Q17, a 10-Year High

October 9, 2017
John Bancroft
The flow of home loans for first-time buyers was up a robust 24.7 percent on a sequential basis…
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Judge in Closely Watched GSE Shareholder Case Moves to Release More Documents

October 9, 2017
Carisa Chappell
The plaintiffs have long argued that the government is trying to keep roughly 1,500 documents hidden under the deliberative process and bank examination privileges.
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PHH Private-Label Customer Morgan Stanley Slashes Stake in Nonbank to 0.2 Percent

October 9, 2017
Paul Muolo
Back in 2015, the Morgan Stanley PLS contract accounted for roughly 20 percent of PHH’s originations…
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Mortgage Brokers Added 1,400 Jobs in August, Lenders Not so Much

October 9, 2017
Paul Muolo
Steve Abreu, founder and CEO of Newfi, said the privately held nonbank is taking resumes from wholesale representatives and underwriters.
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Average SFR Vacancy Rate Increased in August, but Investor Demand Remains Strong

October 9, 2017
Thomas Ressler
“Only two single-borrower, single-family rental securitizations posted a retention rate below 70.0 percent,” Morningstar said…
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Short Takes: Treasury Working on GSE Ideas? / Will Trump Get Involved Directly? / Sauri Launches FinKube / Too Much Overhead, Maybe / A New Hire for Endeavor

October 9, 2017
Paul Muolo
With Trump being a real estate developer – though that part of his career is on hold right now – it will be interesting to see if he takes a hands-on approach to reforming the GSEs...
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Demand for RPLs Strong; Chimera Issues First Deal, MetLife is Ready

October 6, 2017
Brandon Ivey
MetLife said a number of new investors have started buying RPLs in recent years. And even with the strong demand, it’s still a market that offers relatively attractive returns…
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MBS Issuance Up Solidly in 3Q17, but ABS Production Weakened

October 6, 2017
John Bancroft
The GSEs and Ginnie Mae remain the dominant forces in the MBS/ABS market. Their combined single-family issuance hit $346.98 billion in 3Q17…
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