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Have Fannie and Freddie Paid Treasury in Full? Maybe Not

October 21, 2019
Dennis Hollier

Alex Pollock: Even if you allow the companies a credit of 2% interest on their over-payments, they would nevertheless be left with a principal debt exceeding $100 billion.


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Bulk Servicing Sales Hit a Wall in 3Q19, Down 29%

October 21, 2019
John Bancroft

Co-issuance transfers – a smaller market – actually increased 52.9% sequentially to $59.4 billion…


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What We’re Hearing: Talk of a GSE Legal Settlement? / Using Consent Decrees / Goldman’s New Prime Non-Agency MBS / Fannie Exec Departs for Industry Vendor

October 18, 2019
Paul Muolo

In a report released Friday morning, Cowen Washington Research Group analyst Jaret Seiberg noted that banking regulators have been using consent decrees for years. “Such orders also tend to include conduct restrictions on the banks,” he said…


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Top Bulk MSR Seller in 3Q19? A Battle Between Two Michigan-Based Mortgage Giants

October 18, 2019
John Bancroft and Paul Muolo

loanDepot was also an active seller of bulk MSRs in the third quarter, according to an exclusive tally from Inside Mortgage Trends…


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CFPB Hopes to Modernize Regulations. Mortgages on its ‘To Do’ List

October 18, 2019
Yemeng Yang

Richard Gottlieb, a partner at Manatt, Phelps & Phillips, called the task force development huge.


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Ginnie Mae Has No President at All. Is That a Problem?

October 18, 2019
Paul Muolo

Maren Kasper graciously lauded the career staff of Ginnie, telling investors the agency is in good hands…


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Invictus Capital Partners to Issue Large Expanded-Credit MBS

October 18, 2019
Brandon Ivey

The planned $681.0 million issuance will top a $609.2 million deal Invictus issued in May.


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Short Takes: Ginnie’s Kasper Takes Her Bow / Discovering Japan? (Appleton) / Better Times at Better.com (And a New Hire) / DocMagic Launches Mobile App / Exec Departs Caliber for Flagstar

October 17, 2019
Paul Muolo

Mortgage “fintech” specialist Better.com is hitting the ball out of the park these days on originations. Better is based in New York...


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VA Completes a Gargantuan Task: $400M in Refunds Over Two Decades

October 17, 2019
George Brooks

Some of the improper fee charges were blamed on clerical errors…


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Quicken Has Big Plans for QLMS Unit. Firm Looks to Hire 250

October 17, 2019
Paul Muolo

Quicken said QLMS increased its volume of closed loans 240% from the third quarter of last year to 3Q19…


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Latest Imf News

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