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Ginnie Considering Partnering with FHA to Offer Risk-Sharing MBS. Private Market Would Assume Credit Risk

February 26, 2018
Brandon Ivey
Bright suggested that Ginnie Mae could work with the Federal Home Loan Bank of Chicago on risk-sharing transactions...
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What We’re Hearing: An ‘Administrative’ Solution for the GSEs More Likely? / Pac-Men? / Craig Phillips, a Candidate for the FHFA Job? / Nonbank for Sale? / And the Gold Medal for Financial Engineering Goes to Altisource Portfolio Solutions / What Just Hap

February 23, 2018
Paul Muolo
Others might contend that ASPS CEO William Shepro really earned his $2.5 million compensation package this time around…
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Thanks to Janet Yellen, Wells Fargo May Finally Reenter the Non-Agency Market

February 23, 2018
Brandon Ivey
Wells Fargo is sitting on $287.5 billion of jumbo whole loans…
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Bank Interest in ABS Continues to Wane

February 23, 2018
John Bancroft
The bank share of ABS outstanding declined to 15.2 percent at Dec. 31…
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Court Ruling Restores Legal Status of Affiliated-Business Structures

February 23, 2018
Yemeng Yang
In direct rebuke to Richard Cordray’s interpretation, the court held that a reasonable payment is bona fide regardless of whether a referral was also involved in the transaction.
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A $31 Million Profit for Redwood in 4Q17, but Mortgage-Banking Income Sags. Better Days Ahead?

February 23, 2018
Brandon Ivey
At Dec. 31, Redwood held $5.1 billion of residential loans on its balance sheet, a 21.4 percent increase over 3Q17…
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Deutsche Bank Securities, Former Head Trader Faulted by SEC for Misleading Commercial MBS Investors About Prices

February 23, 2018
The Securities and Exchange Commission completed an enforcement action last week against Deutsche Bank Securities and a former head trader at the firm regarding sales of commercial MBS between 2011 and 2015.
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Short Takes: Another Big MSR Deal Afoot? / Park Avenue for JPM, Lisa Douglas Would be Happy / A Loss for Invitation Homes / Too Much Family Time at HUD? / CFPB Readies Even More RFIs

February 22, 2018
Paul Muolo and Yemeng Yang
Invitation Homes, the nation’s largest single-family rental operator, lost $46.0 million in the fourth quarter...
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Burned by Borrower Fraud, Santander Sells Its Warehouse Business to Flagstar

February 22, 2018
Flagstar Bancorp agreed Tuesday to buy the mortgage warehouse loan portfolio from Santander Bank. The deal will make Flagstar the fourth largest warehouse loan provider by commitments.
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Stearns’ Latest Asset Sale Raises Questions About its Future. What’s The Blackstone Group Thinking?

February 22, 2018
Over the past 12 months, Stearns Lending has jettisoned its delegated correspondent lending platform and recently sold most of its $23.2 billion servicing portfolio, raising new questions about the company’s direction.
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Latest Imf News

  • Agency MBS Issuance Declines in 3Q With Drop in Refis

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  • Agency MBS Investors See Opportunities After 3Q Losses

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Featured Data

  • ARM Production Rebounds

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More Featured Data

Featured Reports

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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