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KBW: A Change to the GSE Dividend Sweep ‘Unlikely’

November 13, 2017
Paul Muolo
KBW estimates that if the corporate tax rate falls, Fannie and Freddie, combined, would have to fork over to Treasury an estimated $13 billion to $19 billion…
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Nonprime Lenders Aim to Avoid a Mistake of the Past: Risk Layering

November 13, 2017
Brandon Ivey
Angel Oak Mortgage Solutions, Atlanta, said it has underwriting standards that avoid risk-layering…
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Short Takes: Time for a Hearing on Why There’s No Housing Inventory / The Russians Invest in Mortgages / Angel Oak’s Latest MBS / A Nonprime REIT? / Eight New LOs for Minnesota MB

November 13, 2017
Brandon Ivey and Paul Muolo
Maybe a REIT is the way to go in nonprime...
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What We’re Hearing: The Wilbur Ross Story / Tapping Mortgage Expertise / Enter the Phrase ‘Legal Proceedings’ and See What You Find / David Kittle and the Ginnie Mae Job / Reverse Lender has Record Month / A New Hire for Better Mortgage

November 10, 2017
Paul Muolo
You might say that Wilbur Ross got out of Ocwen while the getting was good...
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Surprise: CMBS Has its Best Issuance Quarter Since 2Q08

November 10, 2017
John Bancroft
Fannie, Freddie and Ginnie continued to dominate multifamily activity…
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Senate’s Tax Reform Bill Maintains Higher Limit for Mortgage Interest Deduction but Housing Industry Warns of Other Faults

November 10, 2017
Brandon Ivey
NAR’s Mendenhall: such provisions “can turn the American Dream into a nightmare for families, as the rug is pulled out from under them.”
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As Promised: If the GOP Lowers the Corporate Tax Rate, the GSEs are in Deep Trouble

November 10, 2017
Carisa Chappell
“A significant reduction in the corporate tax rate would result in a significant net loss, and that could result in a loss for the year,” said Fannie CEO Timothy Mayopoulos…
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The Red Ink Kept Flowing at Walter in 3Q17; Revenues Down 15 Percent

November 10, 2017
Paul Muolo
Walter CEO Tony Renzi: “Our operating performance is improving in many areas, and we are continuing our financial restructuring efforts…"
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A New Option Emerges: Downpayment ‘Protection’ for the Homebuyer

November 9, 2017
George Brooks
A spokesman described the new product as “an additional feature not unlike private mortgage insurance” although he refuses to call it an insurance policy…
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Digital Use Up, Customer Satisfaction Down. How Can That Be?

November 9, 2017
Thomas Ressler
Among the key findings: digital use is surging, but not digital satisfaction...
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