Credit Suisse Resuming Non-Agency MBS Issuance, Prepares Deal Backed by Re-performers June 28, 2017 Brandon Ivey The firms originating the collateral backing the MBS were not identified.Read More
Freedom Inks Deal with NYCB; CEO Says Nonbank is Working on ‘Several’ MSR Acquisitions June 28, 2017 Paul Muolo Overall, NYCB will earn, on a pre-tax basis, $90 million by exiting the residential finance sector…Read More
CFPB Decides to Cut Mortgage Servicers Some Slack for Three Days June 28, 2017 Thomas Ressler The Bureau says it understands the industry’s concerns…Read More
NAR Asks FHFA to Allow GSEs to Build Capital; Treasury and Panels Get CC’d June 28, 2017 Paul Muolo Under NAR's plan, a portion of GSE profits would be deposited into a liquidity fund controlled by the FHFA.Read More
Short Takes: Earnings Season is Upon Us / Business Must be Good at PennyMac / Fidelity National Makes an Acquisition / It’s Not a Malware Problem / Home Loans by (Yes) Homie June 27, 2017 Paul Muolo and George Brooks We kid you not: Home loans from a firm called Homie...Read More
IO Originations Decline in First Quarter 2017 June 27, 2017 Brandon Ivey PHH Mortgage and Chase both played a role in the decline of IO originations.Read More
Captive Insurers (REITs) Would Stay in the FHLB System if House Bill Becomes Law June 27, 2017 Carisa Chappell If the bill becomes law, REITs that gained access to low-cost FHLB advances would get a reprieve.Read More
Poll: Industry Wants Fannie and Freddie Preserved with ‘Existing Operations’ June 27, 2017 Paul Muolo Just 18 percent of respondents said they do not want the GSEs preserved in their current state...Read More
Cordray Gone By Year End? Who Will Replace Him? June 27, 2017 Thomas Ressler If Trump names a top GOP lawmaker to head the CFPB it would leave open another House or Senate seat…Read More
Mark Filler Racks up $1 Billion from Investors, Has Plans for F&F, Broker Lending and More June 27, 2017 Paul Muolo Filler was named CEO of Finance of America Commercial, but departed after roughly two months. Read More
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