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Money Market Funds Continue to Show the Love for GSE Debt

October 4, 2016
John Bancroft
Fund managers have a significant preference for Freddie paper over Fannie instruments…
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Short Takes: A CEO ‘Beyond’ Horrible? / In Demand: Top Mortgage Talent / Repositioning with Capital / Are the GSEs Losing Money? / Budget Season Has Started

October 3, 2016
Paul Muolo
As mortgage firms plan their budgets for next year, executive talent is in demand...
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New York Clergy Worries About GSEs Being Dismantled. Resurrect and Release?

October 3, 2016
Paul Muolo
“We hope that you will help us to push back on current efforts to gift the proprietary infrastructure of Fannie Mae and Freddie Mac to the big banks,” the clergymen write.
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Retail Channel Yields High Credit Score Refi Loans

October 3, 2016
John Bancroft
Retail loans had lower debt-to-income ratios as well…
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Non-QM Liquidity Has Arrived; Warehouse Lenders On Board Too

October 3, 2016
Brandon Ivey
Angel Oak said more warehouse banks are growing comfortable with non-QM collateral…
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Analysis: GSE ‘Patch’ and High Cost Limits Account for 25% of their Business

October 3, 2016
John Bancroft
In the first six months of 2016, Fannie and Freddie securitized $64.52 billion of single-family mortgages with DTI ratios exceeding 43 percent.
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Collingwood Capital Advisors: Mortgage Market Ripe for M&A

October 3, 2016
Paul Muolo
In the mortgage M&A space, there continues to be a disconnect between buyers and sellers…
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BB&T Unveils FHA Settlement with DOJ. Next…

September 30, 2016
George Brooks
In settling the case with the government, BB&T admitted no wrongdoing…
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What We’re Hearing: The Mortgage Customer and Wells Fargo? / This Too Shall Blow Over … Maybe / Houston-Based Mortgage Firm Up For Grabs / Question for Promontory: Do You Really Want to be Owned by IBM? / MBA Chief: Hillary Clearer on Housing Issues

September 30, 2016
Paul Muolo
Some good news: at least Wells Fargo's share price is not in Ocwen territory...
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A Year After TRID, the ‘Scratch & Dent’ Market For Such Loans Isn’t Going Away. But It is Slowing

September 30, 2016
The scratch-and-dent market for residential loans that have TRID-related errors is still alive and (mostly) well, even though originators have had almost a year to adjust to the new disclosure regime introduced by the Consumer Financial Protection Bureau. “This market will never be exhausted,” said Jeff Bode, chairman and CEO of Mid America Mortgage, Addison, TX, one of the most active buyers of mortgages that have errors related to consumer disclosures tied to the Truth in Lending Act and the Real Estate Settlement Procedures Act. Of course, it’s...
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