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Banks Gain on ‘Servicing for Others,’ MSR Valuations Rise

December 10, 2018
John Bancroft
At Sept. 30, banks and thrifts serviced $3.627 trillion of residential mortgages for others…
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REIT Investments in GSE CRT Deals Could Surge

December 10, 2018
Dennis Hollier
Fannie and Freddie addressed that problem by beginning to structure CAS and STACR transactions as real estate mortgage investment conduits – which REITs can buy more freely.
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Caught in the Market’s Down-Draft: Texas Capital, the Nation’s Second Largest Warehouse Provider

December 10, 2018
Paul Muolo
The warehouse lending sector has experienced a noticeable decline in profit margins…
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New MBA President Broeksmit Toes the Party Line on GSE Reform

December 10, 2018
Paul Muolo
The MBA chief also makes it blatantly clear that he is no fan of any “recap and release” proposals for the government-sponsored enterprises either...
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Short Takes: Hope in Cash-Out Refis / loanDepot’s Refi Stats / Position Filled / Chicago-Area Lender Gets Fannie Mae Approvals / More on Calabria and the FHFA Job / Mulvaney, Mnuchin Up for the Chief of Staff Job? / Waterstone Hires Rocky (Rockwell)

December 10, 2018
Paul Muolo
Fannie Mae has approved Neighborhood Loans, Lombard, IL, as a new seller/servicer...
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Kraninger Confirmed as CFPB Director. Will She Bring Change?

December 10, 2018
The Senate last week confirmed Kathy Kraninger as the second permanent director of the CFPB, on a 50-49 party-line vote.
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Top Senate Democrat Slams Mulvaney’s Leadership at CFPB

December 10, 2018
Sen. Sherrod Brown, D-OH, recently released a staff report accusing Acting CFPB Director Mick Mulvaney of undermining the agency’s mission to protect American consumers.
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Other News in Brief

December 10, 2018
CFPB Releases 2018 Financial Literacy Annual Report; Former CFPB Deputy Director Raj Date Joins a Fintech Company; Rep. Patrick McHenry Elected Top GOP Member of House Financial Services Committee.
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Indiana Bank Pays off Debt to Home Point and Agrees to Buy its Warehouse Unit, NattyMac

December 7, 2018
Paul Muolo
Founded by industry vet Willie Newman, Home Point is owned by investment funds managed by Stone Point Capital...
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Agency MBS Issuance Not-So-Bad in November 3Q18, Off by Just 1.0 Percent

December 7, 2018
John Bancroft
Agency production last month was buoyed by an increase in securitization of refinance loans…
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