Redwood Unveils Expansion Plans: Funding Nonbanks and Lending on Investment Properties December 6, 2017 Brandon Ivey Redwood: “We will offer new ways for these [nonbank] sellers to optimize their capital bases…”Read More
Since the Summer, a Sweet Rally for Fannie Mae, Freddie Mac Common. Meaning? December 6, 2017 Paul Muolo Investor Pershing Square Capital should be happy. The firm owns roughly 9.98 percent of Fannie common and 9.77 percent of Freddie.Read More
HomeStreet Investors Criticize the Bank’s Mortgage Business December 6, 2017 Brandon Ivey The investor was also critical of HomeStreet’s efforts to expand its footprint beyond the Pacific Northwest…Read More
Short Takes: DoubleLine Eyeing Non-QM Sector / Connecticut Lender Attempts ‘12 in 12’ / Sen. Warren Worries about OMB Staffers Embedded at CFPB / English Gets to Keep Her Regular Job, for Now / A Promotion at LoanLogics December 6, 2017 Paul Muolo and Thomas Ressler Sen. Elizabeth Warren wants a complete list of OMB staffers who have been detailed to the CFPB by Mulvaney... Read More
HFSC Chairman Hensarling Makes it Official – He’s Open to Idea of U.S. Backing Mortgages, but Still Wants to Kill Fannie and Freddie December 6, 2017 Paul Muolo However, Hensarling is adamant that the plug be pulled on Fannie Mae and Freddie Mac...Read More
FHFA Updates CSP Project: $661.6 Billion of Issuance Thus Far for Freddie; A Fear of Price Differentials? December 5, 2017 Paul Muolo The FHFA said it’s working with Fannie and Freddie to “develop processes to identify and align those enterprise programs, policies, and practices that could materially affect prepayments.”Read More
The Nonprime Revival Continues: MBS Issuance Could Triple in 2018 December 5, 2017 Brandon Ivey The issuance figures suggest that investors are gaining comfort with the non-QM asset class…Read More
Mortgage Banking Earnings Declined for Depositories in 3Q17 December 5, 2017 John Bancroft Wells Fargo reported a huge drop in mortgage banking income, but the rest of the top five banks all posted increased earnings from their operations… Read More
Ocwen, Nationstar Reach Separate Settlements on Various Servicing-Related Issues December 5, 2017 Brandon Ivey But news of the settlements wasn’t doing much for their stock prices. Both were down slightly on the day.Read More
Short Takes: When it Comes to GSE Issues, No Lobbying Please / A Large MSR Package Forthcoming? / KBW Ends Coverage of Walter / Newfi Gets Fannie Approvals, FHA / Yes, Cordray is Running for Governor / Redfin Director Departs Suddenly December 5, 2017 Paul Muolo We understand that a fairly large bulk portfolio of mortgage servicing rights might be hitting the auction block soon...Read More