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FHFA Moves Closer to Ditching LIBOR

February 5, 2020
Dennis Hollier

The GSE regulator said its expects SOFR ARMs to be delivered in the second half of 2020...


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Short Takes: Mike Weinbach’s New Job? / JPM to Re-Enter FHA Direct? / Not Quite Out / The Crystal Ball on Rates / ICE, MERS and eBay / Seer’s EC MBS

February 5, 2020
Paul Muolo and Brandon Ivey

After the FCA payment to Uncle Sam, JPM remained as a correspondent buyer of FHA loans but its Ginnie Mae MBS issuance volume has slipped tremendously…


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GSE Credit-Risk Transfers Set Record in 4Q19

February 5, 2020
John Bancroft

The fourth-quarter burst of CRT issuance represented a 70.7% increase from the prior period…


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States Fear Losing Consumer Protection Power, Resources

February 5, 2020
Yemeng Yang

The AGs believe depriving the CFPB of its powers would harm the states by eliminating the agency’s independent enforcement efforts and the valuable assistance it provides…


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Puerto Rico Requires Servicers to Report on EQ Assistance Efforts

February 5, 2020
Yemeng Yang

Lenders and servicers that fail to provide their reports to the OCFI in a timely manner may be subject to penalties.


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JPM and Wells Fargo Losing Interest in Agency Servicing?

February 5, 2020
John Bancroft

Despite the slippage, Wells and JPM still rank first and second, respectively, in agency servicing…


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On the Rise: Loan Closing Times. Ramifications?

February 4, 2020
Paul Muolo

In the grand scheme of things, longer close times may not seem like a disaster but for nonbanks using warehouse lines of credit that means loans have longer dwell times…


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FHFA Taps Houlihan Lokey as GSE Consultant. Contract Could be Worth $45M

February 4, 2020
Dennis Hollier

“The next major milestone for FHFA is the re-proposal of the capital rule, which will happen in the near future,” said FHFA Director Calabria.


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Chase Mortgage CEO Departs Suddenly. Is He Talking to Wells?

February 3, 2020
Paul Muolo

On his LinkedIn page, Weinbach lists himself as “On Garden Leave.”


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RoundPoint Closing Drags On. Anyone to Blame?

February 3, 2020
Paul Muolo

One advisor noted in an email exchange: “The market thinks the deal is just waiting on NYS. You know how that goes: S-L-O-W.”


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Latest Imf News

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