Freddie Earned $2.7 Billion (Net) in 3Q18. Treasury Will Get $2.6 Billion October 31, 2018 Paul Muolo Freddie said it expects to make the $2.6 billion dividend payment in December.Read More
Nonbanks Kept Growing Origination Share in 3Q18 October 31, 2018 John Bancroft Year-over-year, United Wholesale Mortgage had the largest gain at 52.2 percent, based on originations through the first nine months of 2018.Read More
States Criticize the CFPB’s Plan for a Trial Disclosure ‘Sandbox’ October 31, 2018 The current policy, issued in 2013, says the bureau will not approve a trial disclosure that weakens consumer understanding of valuable information, even if it improves cost effectiveness.Read More
MIAC, Phoenix Capital Out with New MSR Offerings October 31, 2018 Paul Muolo According to the offering circular, the portfolio is top-heavy with Ginnie product... Read More
Short Takes: Judging Risks and Rewards at Freddie / The Gift that Keeps on Giving: The Trump Tax Cut / Despite Some Losses, Mortgage Bankers Remain Liquid / An Earnings Decline at Radian / Leaving Wells Fargo for a Nonbank October 31, 2018 Carisa Chappell and Paul Muolo Freddie Mac benefited to the tune of $200 million (pre-tax) by reducing the write-down on its net deferred tax asset...Read More
Freddie’s Layton: GSE CRT Economics Sometimes Misunderstood October 31, 2018 Carisa Chappell Freddie CEO Don Layton said the CRT deals are “amazingly efficient…”Read More
Mortgage Complaints Took a Dive in 3Q18 October 30, 2018 John Bancroft Wells Fargo once again led the complaint pack…Read More
Fairholme Tells Investors Court Ruling ‘Should Advance’ the ‘Re-IPO’ of Fannie and Freddie October 30, 2018 Paul Muolo Fairholme adds: “This is good news when you count the cash that Fannie and Freddie have earned and will earn.”Read More
A Possible Problem for Ginnie: Fannie/Freddie MBS Getting an Explicit Guarantee from Uncle October 30, 2018 Paul Muolo Rob Zimmer, director of external affairs for the Community Mortgage Lenders of America, is in the camp of those worrying about the ramifications…Read More
Digital Footprint Useful for Predicting Loan Defaults October 30, 2018 Brandon Ivey Fun fact: Consumers with their names in the email address were 30 percent less likely to default than other customers.Read More