Short Takes: A Big Earnings Boost for Fannie and Freddie? / The Greenwich-Ameriquest Connection / IMA Selling GSE ‘Flow’ Package / Progress Ups its SFR MBS Deal / PHH Hires LenderLive Executive July 13, 2017 Paul Muolo and Brandon Ivey The $5.5 billion (to be) paid by RBS should boost GSE earnings big time...Read More
JPMorgan Chase Bidding on MSR Packages Again? Looks That Way… July 13, 2017 Paul Muolo The Seneca MSR portfolio is top heavy with California product…Read More
CFPB Servicing Rules Stabilized Market, but Unintended Consequences Too July 13, 2017 Thomas Ressler One negative effect: the costs required to service both performing and nonperforming loans have increased substantially.Read More
Ginnie Mae MBS Issuance Rides the Tide of Rising Home Sales July 13, 2017 John Bancroft The top three Ginnie Mae issuers in 2Q17 were PennyMac, Wells Fargo and Freedom Mortgage…Read More
Insured-Mortgage Business Posted Solid Gain in 2Q17 July 13, 2017 John Bancroft Fannie Mae and Freddie Mac acquired $57.17 billion of single-family loans with private MI coverage during the second quarter…Read More
Wells Fargo’s Withholding of Funds from Non-Agency MBS Investors Prompts Action from Rating Services July 13, 2017 Brandon Ivey The deals are the subject of a lawsuit filed by MBS investors alleging that Wells Fargo failed to perform its duties as trustee... Read More
FHFA Reaches $5.50 Billion Settlement with Royal Bank of Scotland July 12, 2017 Carisa Chappell RBS will pay approximately $4.53 billion to Freddie and approximately $975 million to Fannie.Read More
Short Takes: Apps Decline / Wells Prevails in Cincinnati Lawsuit / Delinquency Trends / New Single-Family Rental Security July 12, 2017 Brandon Ivey Mortgage applications last week were down 7.4 percent compared with the previous week, according to the Mortgage Bankers Association...Read More
Prime Non-Agency MBS Issuance Tumbles a Bit in 2Q17; JPM Leads the Market July 11, 2017 Brandon Ivey Some 15.2 percent of the mortgages in Chase’s second-quarter MBS were eligible for sale to the government-sponsored enterprises.Read More
Flagstar Gets Rated, a Sign that it May Become More Involved in Jumbo MBS? July 11, 2017 Brandon Ivey Jumbos accounted for 5.6 percent of Flagstar’s residential originations during the period…Read More
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