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Thanks to Booming Online Retail Sales, Certain Malls With Departing ‘Anchor Tenants’ Are Suffering

February 9, 2017
Paul Muolo
How bad is it? Since 2010, liquidations amounting to $3.89 billion led to $2.88 billion in CMBS losses, a 74.0 percent loss severity.
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Government-Insured Originations Hit All-Time High in 2016, but Fell Off in 4Q16

February 9, 2017
John Bancroft
It doesn’t get any better than this: Ginnie Mae production hit a record $545 billion in 2016…
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HUD IG Says FHA Improperly Cleared New Defect Taxonomy…

February 9, 2017
Brandon Ivey
A recall of the defect taxonomy would be a blow to lenders…
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Radian Picks Another Lending Executive as its New CEO: Rick Thornberry

February 9, 2017
Paul Muolo
Spencer Stuart, headhunting firm, aided the MI in its search for a new CEO. A few months back former Freddie Mac executive Bruce Witherell was approached about the job, but passed.
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Consumers Still Complaining About Mortgage Servicing Practices to the CFPB

February 9, 2017
Thomas Ressler
Complications tied to making payments (loan servicing, payments, escrow accounts), were identified by 33 percent of consumers filing a complaint.
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BlackRock Executive Craig Phillips Could Play a Role in GSE Reform

February 9, 2017
Paul Muolo
Phillips, managing director of financial markets/client solutions at BlackRock, is well known in MBS circles for his early days at First Boston…
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Short Takes: Time to Sell GSE ‘Juniors’? / Bruce Berkowitz, True Believer / What Fannie, Freddie and Sears Have in Common / Whatever Happened to Sears Mortgage? / Texas Capital Accumulating MSR Assets / First Franklin Settles FHA Charges

February 9, 2017
Paul Muolo
Besides the GSEs, one Fairholme’s most speculative investments is Sears Holdings Corp., the struggling retailer…
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The Mortgage M&A Game Is On. In the Hunt: Blackstone, Caliber, Flagstar, RPM and Others

February 9, 2017
Six weeks into the new year and it appears that merger-and-acquisition activity in the mortgage industry is finally picking up – big time. Over the past 10 days, several – mostly “asset” related – deals have come to light, with the action being driven by private-equity money that’s backing nonbank lenders. Wall Street giant The Blackstone Group, which has a PE division, is involved as well. So far, the only depository that appears to be playing in the M&A surge is...
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Top Prime MBS Contributors are Mostly Banks

February 8, 2017
Brandon Ivey
Quicken Loans ranked third in terms of contributions to prime non-agency MBS…
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The CFPB Focuses on a Traditional Interpretation of RESPA Violations

February 8, 2017
Thomas Ressler
The CFPB said Prospect Mortgage entered into agreements to buy leads from more than 200 different counterparties, most of which were real estate brokers.
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