Pershing Square Doubles Down on its GSE Bets April 16, 2018 Paul Muolo In the 2017 annual report, Pershing Square lists Fannie and Freddie common among its “losers…” Read More
Early 2018 Brings More Volatility to GSE Single-Family Rivalry April 16, 2018 John Bancroft In early 2018 both GSEs were under orders from the Federal Housing Finance Agency to set g-fees that meet a “minimum return on equity…”Read More
Stearns Holdings Wants to Retire $80 Million Worth of High-Yielding Paper April 16, 2018 Paul Muolo Finance of America’s new president is industry veteran Bill Dallas.Read More
Short Takes: Watt Looks Back / Will Trump Shock the Mortgage Industry and Give Him Another Term? / LenderLive Buys Vendor, More Deals in the Works? / A New Director for Freddie Mac April 16, 2018 Paul Muolo Watt’s term expires in early 2019. President Trump is not expected to nominate him to another term. Then again...Read More
Due Diligence Giant AMC is Sold As Non-Prime Securitization Heats Up April 13, 2018 Stone Point Capital, which seems to have an insatiable appetite for mortgage-related assets, has added due diligence provider American Mortgage Consultants to its growing stable of companies.Read More
Non-Agency MBS Issuance Down Sharply in 1Q18, but Subprime and Alt A Show Promise April 13, 2018 John Bancroft During 1Q18, issuance of MBS backed by seasoned loans fell 50.8 percent…Read More
Chicago Bank Pulls the Plug on National Residential Lending, Will Take a $37 Million Hit (At Least) April 13, 2018 Paul Muolo MB Financial plans to keep originating home loans in the greater Chicago area and will keep its mortgage servicing platform intact.Read More
JPM’s Origination Machine Tanked in 1Q18 April 13, 2018 Paul Muolo Despite the drop, JPM marked up the asset value of its mortgage servicing portfolio...Read More
A 19 Percent Drop in Residential Lending at Wells Fargo; Megabank Says Regulators Want $1B to Settle Auto and Mortgage RLC Charges April 13, 2018 Paul Muolo Wells said the CFPB and OCC have asked the megabank for a $1 billion settlement in the matter.Read More
What We’re Hearing: OMB Reviewing VA Anti-Churning Rule / MB Financial Shutters Mortgage Division: A Canary in a Coal Mine? / Put Your Seatbelt On / No Complaints From the Nonprime Sector / The Search for Dave Stevens Successor at MBA Narrows April 13, 2018 George Brooks and Paul Muolo Now comes the big question: How many more MB Financials are out there? Read More
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