Warehouse Finance Sector Coming off a Strong 2016, but Storm Clouds Hover February 28, 2017 Paul Muolo Challenges include higher interest rates, which are translating into lower production volume in 2017…Read More
PHH Opposes Effort by State National Bank to Intervene in Case Against CFPB February 28, 2017 Thomas Ressler PHH argues the plaintiffs lack legal standing to intervene, their motion is “inexcusably untimely,” and it fails to satisfy the requirements for intervention.Read More
Will Dwindling Refinances Lead to Layoffs? February 28, 2017 Paul Muolo As one executive put it: “January was slow, February was lower, and I can’t tell how March will be yet.”Read More
Mortgage REIT Holdings of Residential MBS Fell Slightly in 4Q16 February 28, 2017 John Bancroft Annaly padded its lead as the top REIT MBS investor, thanks, in part, to its acquisition of Hatteras Financial in the third quarter of 2016…Read More
Short Takes: Who Will Lead FHA? / Radian Says It’s News to Bazemore / Vote on Carson Nears / Will Trump Mention the GSEs? February 28, 2017 Paul Muolo Then again, Trump has been known to surprise people. Read More
CFPB Exams of Nonbank Mortgage Lenders Spiked by 69 Percent Last Year February 28, 2017 Thomas Ressler The number of mortgage-related examinations by the CFPB declined in most areas with one glaring exception: nonbank residential originators…Read More
Picking up a Head of Steam: Congressional Interest in GSE Reform? February 28, 2017 Brandon Ivey However, GSE reform will require a bipartisan effort and already other priorities are developing…Read More
Incenter Selling Fannie/Freddie Mortgage Servicing Rights February 27, 2017 Paul Muolo California mortgages account for the large chunk of collateral at 41.2 percent. Texas is a distant second at 10.4 percent.Read More
Short Takes: Letting the Single-Security Flag Fly at SFIG / Lots of Emails Regarding the GSEs / $10B of GSE Preferred Sold the Year Before Seizure / Maloni Responds / Moving (In)to Montana / A New Hire for Selene February 27, 2017 Paul Muolo and Brandon Ivey Bradd Gold of Au Consulting LLC noted that in the year prior to their federal takeover, Fannie and Freddie sold $10 billion of GSE junior preferred. Read More
Trouble Ahead: Gain-on-Sale Margins Slipping February 27, 2017 Paul Muolo Piper analyst Kevin Barker and his team estimate that so far in 1Q17, the average refi volume is down 26 percent from fourth quarter levels.Read More