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Fannie Mae Controller and Principal Accounting Officer to Depart

April 7, 2017
Paul Muolo
Fink is expected to leave Fannie Mae in the second half of the year.
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What We’re Hearing: Ocwen and Walter, Two Peas in a Pod? / The Shorts Have Made Their Money and Moved On / Will loanDepot Ever Go Public? / Freddie Bullish on MF / When Fannie Mae Earned More Money than the Roman Empire

April 7, 2017
Paul Muolo
One GSE watcher called it, "The biggest company quarterly profit since the Roman Empire, adjusted for inflation of course.”
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Annaly Buying More Non-Agency Whole Loans

April 6, 2017
Brandon Ivey
As its footprint in the residential credit market expands, counterparties are looking to Annaly as a source of liquidity…
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Freddie Mac Ready to Issue Buyback Waiver Tied to Appraisals

April 6, 2017
Carisa Chappell
GSE originators have long complained that the rep-and-warrant policies need to be more transparent.
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Fannie/Freddie Securitizations Tumbled 27 Percent in 1Q17, but March Showed Promise

April 6, 2017
John Bancroft
How much slack can the purchase market pick up? We’re about to find out…
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ABA: Small Banks are Not Selling Servicing Rights

April 6, 2017
Brandon Ivey
Despite what the experts anticipated, small banks are staying out of the MSR market...
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CFPB Looking to Enhance Protection of Consumer Data in HMDA Rule

April 6, 2017
Thomas Ressler
Rep. Sherman of California noted: “Studies have shown that in some geographic areas, it is possible to determine the identity of nearly 100 percent of the borrowers using the data that lenders are required to collect and report by the Home Mortgage Disclosure Act.”
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Angel Oak Tops Contributors to New Nonprime MBS from Deephaven

April 6, 2017
Brandon Ivey
Deephaven is headed by former Goldman Sachs managing director Matt Nichols, who earlier this year predicted strong growth for the correspondent buyer of non-QM loans…
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Is a Sale an Option for the Struggling Walter/Ditech?

April 6, 2017
Paul Muolo
“Our ability to maintain or grow our servicing business may depend, in part, on our ability to acquire servicing rights from, and/or enter into subservicing contracts with, third parties,” the company said in an SEC filing.
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VA, Industry Seek Solution to Appraiser Shortage, Problem Causing Long Wait Times, Delayed Closing

April 6, 2017
The Department of Veterans Affairs this week expressed willingness to work with Congress and mortgage industry participants to find a solution to the agency’s ongoing appraiser shortage. Testifying during a hearing held by the House Veterans Affairs’ Subcommittee on Economic Opportunity, representatives of the VA Home Loan Guaranty Service, the National Association of Realtors, the Appraisal Institute and Clear Capital said the shortage of appraisers has led to long delays in obtaining appraisals and loan closings, as well as high appraisal costs. The VA appraisal program has been...
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