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Home » Topics » News » IMFnews

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Mortgage REITs Trim Holdings of Residential MBS. Departures Play a Key Role

November 11, 2016
John Bancroft
Second-ranked AGNC Investment Corp. – formerly American Capital Agency Corp. – reported a 2.2 percent increase in its MBS holdings under a new management structure…
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Short Takes: The Ginnie Mae ‘Acknowledgement Agreement’ is Late / Caliber and M&A? / Genworth Chief Not Losing Sleep Over Trump and the GSEs / CP Says ‘Sell’ Walter / Ocwen’s Faris Bullish

November 10, 2016
Paul Muolo and Brandon Ivey
Compass Point has concerns whether Walter's servicing business (Ditech) can return to profitability…
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Trump’s HUD Secretary Pick Could be Brian Montgomery of The Collingwood Group

November 10, 2016
Paul Muolo
Another candidate for the HUD job is believed to be Pam Patenaude, president of the J. Ronald Terwilliger Foundation for Housing America’s Families.
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Thanks to Trump’s Victory, GSE Stock Prices Soar for a Second Day

November 10, 2016
Paul Muolo
What might Donald Trump do with the quarterly earnings of Fannie and Freddie? Think about it…
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GSE Low Downpayment Programs Slow to Take Off. But Freddie CEO is Hopeful

November 10, 2016
Carisa Chappell
CEO Debra Still of Pulte Mortgage blamed low usage on the fact that Fannie and Freddie use different terminology and eligibility criteria for things like area median income.
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NY Regulators Fine PHH $28 Million for Origination and Servicing Problems

November 10, 2016
Brandon Ivey
PHH officials say the company has improved its servicing operations in recent years and agreed to the consent order “to avoid the distraction and expense of litigation.”
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MI Industry on Track for Best Year Ever. Arch Posts Strongest Growth Rate Among the PMIs

November 10, 2016
John Bancroft
FHA endorsements rose 16.6 percent from the second quarter and VA loan guaranty production increased 20.3 percent…
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Short Takes: Don’t Look Now but GSE Share Prices are Soaring / Trump Understands the GSEs? / Really? / Advising Trump on Housing Issues Are… / PHH Posts Loss, Will Bolt the PLS Business

November 9, 2016
Paul Muolo
Thanks to Trump, speculators who bought GSE shares on Tuesday are cleaning up today...
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Supreme Court Justices Appear Willing to Rule in Favor of Miami in Controversial Fair Housing Act Case

November 9, 2016
Brandon Ivey
The attorney for the lenders faced scrutiny from some of the liberal-leaning justices on the Supreme Court, including Justices Ruth Bader Ginsberg, Elena Kagan and Sonia Sotomayor
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Walter Investment Posts $101 Million Loss for 3Q; Originations Increase 13 Percent

November 9, 2016
Paul Muolo
Walter also agreed to sell $5 billion in servicing rights to New Residential Mortgage LLC.
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