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Judge in Closely Watched GSE Shareholder Case Moves to Release More Documents

October 9, 2017
Carisa Chappell
The plaintiffs have long argued that the government is trying to keep roughly 1,500 documents hidden under the deliberative process and bank examination privileges.
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PHH Private-Label Customer Morgan Stanley Slashes Stake in Nonbank to 0.2 Percent

October 9, 2017
Paul Muolo
Back in 2015, the Morgan Stanley PLS contract accounted for roughly 20 percent of PHH’s originations…
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Mortgage Brokers Added 1,400 Jobs in August, Lenders Not so Much

October 9, 2017
Paul Muolo
Steve Abreu, founder and CEO of Newfi, said the privately held nonbank is taking resumes from wholesale representatives and underwriters.
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Average SFR Vacancy Rate Increased in August, but Investor Demand Remains Strong

October 9, 2017
Thomas Ressler
“Only two single-borrower, single-family rental securitizations posted a retention rate below 70.0 percent,” Morningstar said…
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Short Takes: Treasury Working on GSE Ideas? / Will Trump Get Involved Directly? / Sauri Launches FinKube / Too Much Overhead, Maybe / A New Hire for Endeavor

October 9, 2017
Paul Muolo
With Trump being a real estate developer – though that part of his career is on hold right now – it will be interesting to see if he takes a hands-on approach to reforming the GSEs...
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Demand for RPLs Strong; Chimera Issues First Deal, MetLife is Ready

October 6, 2017
Brandon Ivey
MetLife said a number of new investors have started buying RPLs in recent years. And even with the strong demand, it’s still a market that offers relatively attractive returns…
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MBS Issuance Up Solidly in 3Q17, but ABS Production Weakened

October 6, 2017
John Bancroft
The GSEs and Ginnie Mae remain the dominant forces in the MBS/ABS market. Their combined single-family issuance hit $346.98 billion in 3Q17…
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Price of Fannie/Freddie Common Up 35 Percent Since Summer. Credit the RNC?

October 6, 2017
Paul Muolo
The RNC document says the GOP “recognizes the sanctity of property rights in America,” which should warm the hearts of GSE common and junior preferred shareholders…
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Treasury Answers Trump’s Call on Looser Regs, Floats Ideas for MBS and ABS Markets

October 6, 2017
Brandon Ivey
The capital and liquidity requirements targeted by Treasury were largely established by the Basel III accords and the Dodd-Frank Act…
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What We’re Hearing: A Blowout Quarter for Freddie? / Pulling the Zero Capital Lever in Denver? / Mark Calabria for FHFA Director? / RIP: the Savings and Loan Industry / A New Idea: Crowd Funding to Help Delinquent Borrowers? / A New Hire for BSI

October 6, 2017
Paul Muolo
In a new report, Cowen gives the early lead on the FHFA job to Mark Calabria, chief economist to Vice President Mike Pence...
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