MBS Issuance by the GSEs/Ginnie Soars to a Six-Year High January 9, 2020 John Bancroft Meanwhile, when it comes to the top seller/issuers, Quicken Loans was not too far behind market leader Wells Fargo: $126.9 billion to the megabank’s $132.4 billion… Read More
FHFA Chief: No Decision Yet on Using a ‘Consent Decree’ for Fannie and Freddie January 9, 2020 Dennis Hollier Any new offering of stock by the GSEs likely won’t commence until 2021, though the situation is fluid... Read More
New Residential Preps First Expanded-Credit MBS of the Year January 9, 2020 Brandon Ivey The $278.5 million expanded-credit MBS from New Residential Investment Corp. is somewhat smaller than any of the five deals the firm issued in 2019.Read More
Short Takes: Fintechs Gain in Mortgages / Defining ‘Fintech’ / Weaker Applications / Dealing with New York Zombies / Plaza Hires loanDepot Exec January 8, 2020 Paul Muolo and Yemeng Yang Okay, but what’s a fintech?Read More
Deephaven Non-QM Executive Jumps Ship for Competitor Sprout January 8, 2020 Paul Muolo Sprout was launched last decade by nonprime veteran Michael Strauss...Read More
Complaints Filed with the CFPB Down in 4Q but Up for the Year January 8, 2020 Yemeng Yang The credit reporting agencies (Equifax, Transunion and Experian) continue to draw a large chunk of the complaints…Read More
Continued Gains for Subservicers January 8, 2020 Paul Muolo As far as the rankings are concerned, not much changed at the very top during the third quarter. Cenlar once again ranked first… Read More
Short Takes: Surprise: A Nonprime IPO / PIMCO’s Fingerprints / Ocwen Rising (for Now) / SitusAMC, a Leader in Due Diligence / National MI Promotes Fitzgerald January 7, 2020 Paul Muolo and Brandon Ivey Overall, 7.25 million shares of Velocity will be offered to the public.Read More
The CFPB Outlook: A Full Agenda in 2020 Amid Uncertainty January 7, 2020 Yemeng Yang The bureau could grant a short-term extension of the QM patch pending the rulemaking. Read More
The 2019 M&A Roundup: Great Expectations Fizzle January 7, 2020 Paul Muolo Also, Mr. Cooper was busy as well, buying Seterus and Pacific Union Financial…Read More
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