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Non-Agency MBS Issuers Aim for Specificity on Rep-and-Warrant Framework

September 7, 2018
Brandon Ivey
Alston & Bird: “We’ve all learned the hard way…”
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10 Years After GSE Takeover, Mortgage Execs Weigh In: Leave Fannie and Freddie Alone

September 7, 2018
Paul Muolo
Industry consultant Tim Rood said the first rule for GSE reform should be: “Do no harm.”
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Redwood Touts Mutual Benefits of Financing

September 7, 2018
Redwood Trust is looking to acquire more jumbo mortgages and many of the nonbanks the firm works with could use some financing, making Redwood’s new funding initiative a good match. During the second quarter of 2018, Redwood deployed $40.0 million in customized financing for nonbanks that deliver jumbos to the real estate investment trust. The initiative is part of a diversification effort. Dashiell Robinson, president of Redwood, noted that the REIT isn’t acting as a ...
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What We’re Hearing: Ex-Goldman Partners See Gold in the Subprime Hills / Under the Radar / Strong Non-QM Volumes from Angel Oak and Citadel / The Conventional Loan of the Future: Five Percent Down at Least / DeMarco Weighs In / Signs of Overheating: Home

September 7, 2018
Paul Muolo
Former Federal Housing Finance Agency Acting Director Ed DeMarco told us the bill is a good starting point and includes language that both Democrats and Republicans can agree on...
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Strong Performance for Nonprime Mortgages. 60-Day Delinquencies of Less Than 4 Percent

September 7, 2018
Brandon Ivey
Fitch views prepayments as a positive credit factor…
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First-Time Buyers Continue Gaining Share in Red-Hot Purchase Market; PMIs Step Up…

September 6, 2018
John Bancroft
The nation’s PMIs have made a significant dent in the first-timer market, insuring a greater volume of mortgages guaranteed by Fannie and Freddie…
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Fannie Mae Hires Ex-FGMC CEO Andy Peters as ‘Strategy Advisor’

September 6, 2018
Paul Muolo
Peters departed First Guaranty Mortgage Corp. earlier this year...
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Latest Nonprime MBS from Lone Star (Caliber) Stocked with Purchase Mortgages, FRMs

September 6, 2018
Brandon Ivey
The weighted-average coupon is 6.50 percent.
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Freddie CEO Don Layton Announces His Retirement. (Good Luck Finding a Successor)

September 6, 2018
Paul Muolo
Finding a suitable candidate could prove difficult because of a $600,000 salary cap placed on the position by Congress back in 2015.
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In His Waning Days as HFSC Chairman, Hensarling Introduces New GSE Reform Bill. (Yes, Really)

September 6, 2018
Paul Muolo
One housing lobbyist dismissed the bill as misguided, adding: “This is like someone laying on their death bed after drinking and sinning and finally realizing they need to get baptized.”
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