FHFA Says No Decision in 2018 Regarding Updating Credit Score Models July 24, 2018 Carisa Chappell After two years of work, the FHFA throws the idea out the window...Read More
Mortgage Complaints Filed with the CFPB Plunge. Wells Still #1 July 24, 2018 Yemeng Yang In terms of consumer ire, Wells Fargo was the complaint market leader…Read More
Short Takes: Academy Mortgage Says It’s Not for Sale / Living on $600,000 Per Year in the Washington, DC, Area / Don Layton? / FHFA and Treasury Must Sign Off / Fannie’s Top Earners July 24, 2018 Paul Muolo Among Fannie’s top five executives, all earn more money per year than Mayopoulos... Read More
Industry Not Surprised by Mayopoulos’ Departure at Fannie; His #2 Makes Five Times What He Earns July 24, 2018 Paul Muolo Fannie’s board soon will begin its search for a new CEO – a position that will need the blessing of its largest shareholder, the U.S. Treasury Department.Read More
Nonbanks Continue Gaining Share in GSE Servicing Business July 23, 2018 John Bancroft The top grower in the nonbank world was Freedom Mortgage, which upped its GSE servicing by $19.36 billion, 29.7 percent…Read More
Moody’s Raises Concerns About Prime Non-Agency MBS Due Diligence Review Trend July 23, 2018 Brandon Ivey Moody’s: Reps and warrants aren’t as effective as reviewing every mortgage in a deal pre-securitization…Read More
Nonbank Online Lenders Face Capital Woes July 23, 2018 Carisa Chappell The nonbank fintech market consists of a few large players and many small ones…Read More
Another Record Non-QM Production Quarter for Angel Oak. Head Count Reaches 527 July 23, 2018 Paul Muolo Since 2015, Angel Oak Capital Advisors has completed seven non-QM securitizations... Read More
Short Takes: Will Trump Fire Fed Chief Powell? / If You Were Going to Hike Rates, You Should Have Told Me… / When Cutting Overhead is a Good Thing / Taveekanjana Returns to Movement Mortgage / Top Seterus Executive Departs for StoneHill July 23, 2018 Paul Muolo Consultant Joe Garrett: Remember that they’re your employees, not your family or friends...Read More
A Post-Crisis High for Non-Agency MBS Issuance: $20.7B for 2Q18 July 20, 2018 John Bancroft Slightly over half were deals backed by newly originated mortgages…Read More
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