Short Takes: PIMCO Shows a Strong Interest in RPLs / A Tough Profit Picture for 1Q18? / Thinning the LO Herd? / Texas Capital Weighs In / Stearns Hires Former Caliber Executive March 6, 2018 Paul Muolo Texas Capital: “Nonbank competitors may have a pricing advantage as they are not subject to the same capital maintenance requirements..."Read More
GSE Loan Buybacks Fell Sharply in 4Q17, Second Lowest Reading Ever March 5, 2018 John Bancroft Wells Fargo led the pack in GSE buyback activity for the fourth quarter…Read More
AIG Issuing Jumbo MBS from its Own Shelf March 5, 2018 Brandon Ivey Loans from several of lenders will be included, led by Homestreet Bank with a 12.5 percent share…Read More
Nationstar Plans to Cut Ties to Philippine Vendors, Cites Political and Economic Risk March 5, 2018 Paul Muolo India and the Philippines “are subject to relatively higher degrees of political and social instability and may lack the infrastructure to withstand political unrest or natural disasters,” Nationstar said.Read More
FHFA Inspector General Worries About Potential MI Risks March 5, 2018 Carisa Chappell The FHFA Inspector General worries that relying on a small number of counterparties increases the GSEs’ risk exposure…Read More
The Seasonal Downturn Strikes: GSE Production Declined in February March 5, 2018 John Bancroft Business levels at the two were not the same: Fannie MBS issuance was down 14.1 percent from January, while Freddie production was up 0.5 percent… Read More
Short Takes: Nationstar’s Other Suitor? / Break it Into Three / Ex-Stearns CEO Brian Hale Resurfaces / Too Many Vacancies, Not Enough Interested Individuals? / NewDay Hires SVP March 5, 2018 Paul Muolo It’s believed that one of the “pieces” the new owner planned to spin off was Xome, a real estate vendor that works with consumers…Read More
Mortgage REITs Continue to Build MBS Portfolios, a 17 Percent Gain for the Year March 2, 2018 John Bancroft Redwood Trust grew its non-agency holdings by an impressive 38 percent…Read More
The SFIG Roundup: Market Participants Confident, Record Attendance. What Could Go Wrong? March 2, 2018 Brandon Ivey Issuance is increasing across various asset sectors, with many sponsors reporting improved pricing and growing interest from investors…Read More
Ocwen and PHH: A Match Made in Adversity? March 2, 2018 Paul Muolo PHH’s common once traded as high as $28 a share, Ocwen $58 a share. Today they trade for $10.50 and $3.50, respectively…Read More