A New Idea on GSE Reform: Turn Fannie and Freddie Over to Ginnie? May 16, 2016 Carisa Chappell To significantly reduce credit risk, all mortgages sold to Ginnie 2.0 would require a private credit enhancement attached to the loans…Read More
Subprime Servicing Drops, Regulatory Issues Do Not May 16, 2016 Brandon Ivey Ocwen Financial continues to rule the roost in terms of subprime servicing…Read More
PennyMac Financial Units in $300 Million Offering of Private Notes; More MSR Buys? May 16, 2016 Paul Muolo PennyMac Financial is a top-10 ranked lender and may soon break into the top-10 in servicing as well…Read More
Short Takes: M&T Joins the Growing Club of Regional Banks Settling with Uncle / More Money for the MMIF / Nice Growth for Alaska Lender / FGMC Hires Executive Away from Blackstone’s Mortgage Firm May 16, 2016 Paul Muolo and George Brooks M&T Bank doesn’t even rank among the top 50 FHA-direct lenders in the nation, according to a recent ranking by affiliate publication Inside FHA/VA Lending...Read More
DOA (For Now): The Mortgage IPO Market May 13, 2016 Paul Muolo The poor stock performance of this group has bloodied the water for mortgage IPOs...Read More
Uncertainty Remains on Capital Requirements for Nonbank Servicers May 13, 2016 Brandon Ivey Accelerated growth through the acquisition of mortgage servicing rights is an undertaking that remains challenging to the industry, said the MMC…Read More
Investor Demand for Jumbos Remains Strong. But Don’t Expect the Loans to Wind Up in MBS May 13, 2016 Brandon Ivey Over the past five years, the issuance market for securitization has fluctuated between feast and famine, noted one executive…Read More
Mortgage REITs Scale Back MBS Holdings in 1Q16, But... May 13, 2016 John Bancroft The MBS holdings of 16 top mortgage REITs were down 0.3 percent from the fourth quarter...Read More
What We’re Hearing: ‘Deferred Tax Assets’ at the GSEs Top $55B But … / Time to Wipe Out Some GSE Shareholders? / Mortgage ‘Shorts’ Reduce Their Bets / What’s a Mortgage Call Center Really Worth? / Impac Looking for Deals? May 13, 2016 Paul Muolo One observer noted: “Talk about a government takeover! This feels third-world to me…”Read More
Private MI Lost Some Ground to FHA Insurance in 1Q16 May 12, 2016 John Bancroft United Guaranty was the largest MI in terms of total policies written in 1Q16, but Arch Mortgage Insurance and National MI were the fastest growers.Read More
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