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Jumbo Operations Stop as Annaly Acquires Hatteras

July 15, 2016
Brandon Ivey
Both parties wouldn’t comment on the news regarding Onslow Bay…
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MBS Trading Declined in June as Rates Tumbled. A Coming Bond Market Correction?

July 15, 2016
Paul Muolo
For several months now, there have been predictions about a massive correction in the bond market, which could cause red ink to spill …
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What We’re Hearing: The Mother of all MSR Write-downs? / Maybe It Won’t be So Bad / Worrying About Ginnie Mae ‘Stress Tests’ / And This Time Everyone is Invited to the Ginnie Summit / Will Trump Leave Ginnie Mae Alone? Will Hillary?

July 15, 2016
Paul Muolo
We don’t know who will lead the new administration, though for Ginnie’s sake, it’s likely that both Donald Trump and Hillary Clinton won’t mess with the agency or its charter. Right?
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Fannie/Freddie MI Loans Spiked 33 Percent in Second Quarter

July 14, 2016
John Bancroft
In the private MI segment, the biggest gain in percentage terms was in refinance loans…
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JPM Grew Production by 11.6% in 2Q16; But it Marked Down its MSRs to Just 81 Basis Points. A Sign of the Times?

July 14, 2016
Paul Muolo
At June 30, JPM held $175.8 billion of residential whole loans in portfolio, a gain of $7.06 billion over the reading at March 31.
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GOP Pounds HUD Secretary for Giving Preferential Treatment to Nonprofits on NPLs

July 14, 2016
George Brooks
Critics accused Castro of politicking at the expense of private investors. In the past, Castro has been mentioned as a possible vice presidential candidate for Hillary Clinton.
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Freddie Packages Conforming Jumbos into $348.36 Million Security with Limited Third-Party Due Diligence

July 14, 2016
Brandon Ivey
Moody’s said third-party due diligence was completed on 30.0 percent of the mortgages…
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Stonegate Mortgage General Counsel McElroy Resigns

July 14, 2016
Paul Muolo
Stonegate, like many publicly traded nonbank mortgage firms, has seen its share price suffer the past year because of declining interest rates that have forced large MSR writedowns...
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Short Takes: GOP ‘Platform’ Calls for the Plug to be Pulled on Fannie & Freddie / But IU Poll Finds Voters Have Soft Spot for the GSEs / Caliber Home Loans Major Player in New Freddie MBS / Fitch on MSR Risks

July 14, 2016
Carisa Chappell, Brandon Ivey, and Paul Muolo
The GOP convention starts in a few days and the party of Lincoln and Roosevelt (Teddy) has its daggers pointed toward Fannie Mae and Freddie Mac. Bully!
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Parent of $1.5 Billion-a-Year Shop Gets Delisted From NYSE, But the Lender Says All is Well

July 14, 2016
The J.G. Wentworth Company is in the process of being delisted from the New York Stock Exchange, sparking rumors that its mortgage subsidiary – a $1.5 billion-a-year originator – might find itself on the auction block. For now, the parent company is putting a good face on the delisting and said its mortgage division, J.G. Wentworth Home Lending, had a strong first quarter. A spokeswoman for the parent did not address a possible sale of the lender in an email exchange with Inside Mortgage Finance. In the first quarter of 2016, J.G. Wentworth lost...
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