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White House Contemplating Calabria for the FHFA Job. Big or Gradual Changes in the Wings?

November 26, 2018
Paul Muolo
The implication is that banks – which seems to have excess capacity on their balance sheets – could simply hold conventional loans in portfolio…
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Ocwen Hires Former Fannie Mae Securitization Chief to Head Lending Business

November 26, 2018
Paul Muolo
According to a statement issued by Ocwen, while at Fannie Yanoti was responsible for developing the common securitization platform.
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Altisource Will Sell SFR Investments, Pay Down Debt

November 26, 2018
Paul Muolo
Altisource has a stock repurchase plan in place that expires at Dec. 31…
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Short Takes: Steven Mnuchin Packing His Bags? / Probably Not / The Key to Administrative Reform of the GSEs: The Next FHFA Director / According to the AEI / A Promotion at Ocwen Financial

November 26, 2018
Paul Muolo
Cowen believes Mnuchin will survive the turbulence but notes the situation still poses a risk to Fannie Mae, Freddie Mac and the big banks…
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White House Contemplating Calabria for FHFA Job. If it Happens, Big or Gradual Changes in the Wings?

November 21, 2018
The Trump administration is reportedly eyeing Mark Calabria, who now serves as chief economist for Vice President Mike Pence, as the next director of the Federal Housing Finance Agency, a five-year post that holds tremendous power over the government-sponsored enterprises.
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Feds Propose Increasing Residential Appraisal Exemption Threshold to $400,000 for Banks

November 20, 2018
Brandon Ivey
The appraisal exemption proposal needs final approval from the CFPB...
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FHFA Trying to Find a Capital Balance That Can Handle Market Cycles

November 20, 2018
John Bancroft
In its comment letter to the FHFA, Fannie Mae suggests the rule should use original credit scores and LTV ratios, rather than mark-to-market values…
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Facing a Cloudy Future, Impac Bets the House on Non-QM Lending

November 20, 2018
Paul Muolo
Impac CEO George Mangiaracina: “I don’t believe we’ve seen capitulation yet with respect to other originators.”
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Short Takes: Angel Oak is Hiring / Carrington Launches Correspondent Division / Applications Decline / 2 Non-QM MBS with Loans from Impac / MIAC Offers Whole Loans for Auction / A Short Publishing Break

November 20, 2018
Brandon Ivey and Paul Muolo
Carrington Mortgage this week announced the launch of its correspondent lending division.
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Largest Holders of MSRs Leave the Asset Values Unchanged

November 20, 2018
Paul Muolo
The largest gain among the 14 companies was 3.6 percent, the largest decline -5.6 percent.
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