A Sequential Earnings Decline for Fannie Mae, but a Strong Profit Nonetheless November 2, 2018 Paul Muolo In less than two weeks, the Senate Banking Committee will hold an oversight hearing on controversial pilot programs launched by Fannie and Freddie...Read More
MBA Urges CFPB to Relax, Clarify LO Comp Rule to Spur Lender Competition November 2, 2018 George Brooks MBA sent the CFPB a letter signed by 250 member firms…Read More
What We’re Hearing: The Strange Case of Fannie Mae and Freddie Mac / Pro-Pilot Programs / Warren Buffett and the GSEs / Mortgage Recruiter by Day, Opera Singer by Night / Lima One Makes its Move / Magnetar? November 2, 2018 Paul Muolo A huge non-QM expansion for Athas Capital?Read More
Trump’s FHFA Appointee Expected to Curb GSE Footprint but Not Enough to Roil Housing November 1, 2018 John Bancroft Eric Kaplan of the Milken Institute: “I don’t think the non-agency market is ready to absorb the market that’s taken away from the GSEs without some significant signaling in advance.”Read More
Waterfall Unit Brings First Rated MBS Backed by Non-Agency Reverse Loans Since 2007 November 1, 2018 Brandon Ivey The deal is backed by jumbo reverse loans with a total unpaid principal balance of $571.8 million…Read More
New Residential Readies Additional Offering of Stock. MSRs on the Shopping List? November 1, 2018 Paul Muolo According to Inside Mortgage Finance, New Residential ranks fifth among all residential servicers with a $384.0 billion portfolio at Sept. 30.Read More
Second-Tier Servicers Continued to Gain Market Share in 3Q18 November 1, 2018 John Bancroft Meanwhile, the group of servicers ranked sixth through 25th had a combined increase of $119.9 billion from June 30…Read More
First Pacific Advisors Discloses a 30.9 Percent Stake in Ditech November 1, 2018 Paul Muolo First Pacific is an institutional money management firm...Read More
Short Takes: Should the GSEs Increase Servicing Compensation? / Hanging with Mr. Cooper at No. 3 / PennyMac’s Amended Repo Line / Strong Underwriting Income for Arch, KBW Likes Radian November 1, 2018 Paul Muolo David Fleig of MorVest: “We have numerous active conversations with clients thinking about selling MSRs and I am sure our competitors do as well.” Read More
Freddie Earned $2.7 Billion (Net) in 3Q18. Treasury Will Get $2.6 Billion October 31, 2018 Paul Muolo Freddie said it expects to make the $2.6 billion dividend payment in December.Read More
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