Short Takes: Why Stocks Need to Come Down / Unwinding the Massive Tax Cuts / President Hickenlooper? / Capital Alpha Weighs In / Behind the Scenes at Wells Fargo / New Hires for DIMONT October 11, 2018 Brandon Ivey and Paul Muolo The massive tax cuts the president and GOP bestowed on the nation late last year have spurred economic progress. It’s hard to argue with that, but...Read More
GSEs on Track to Start Issuing Single Security in June, Additional Guidance Pending… October 10, 2018 Brandon Ivey Stephanie Miller of Fannie Mae said the GSEs are working with SIFMA on the transition to the single security. Read More
Wells Fargo is Back! Megabank Launches First Post-Crisis Non-Agency MBS October 10, 2018 Brandon Ivey New nonagency deals are pending from loanDepot and New Residential as well…Read More
Flagstar Hires New American Exec as its National Production Manager October 10, 2018 Paul Muolo The SVP/national production manager slot is a new position at Flagstar…Read More
Non-QM Lenders Angel Oak and Citadel Post Record Production Quarters in 3Q18 October 10, 2018 Paul Muolo Angel Oak and Citadel continue to hire while the megabanks are cutting back...Read More
Short Takes: Michael Bright, the Next FHFA Director? / Waiting on Senate Confirmation (Still) / A Former GSE Exec and The Play Set Scandal / Sears and Fairholme / HSBC Settles with DOJ / A New Hire at CMG Financial October 10, 2018 Brandon Ivey and Paul Muolo HSBC will pay $765 million to settle charges brought by the Department of Justice...Read More
DBRS: Losses on Non-QM MBS are Rare, Investors Feel Protected October 9, 2018 Brandon Ivey Despite the good news, DBRS said if the economic environment becomes more distressed, some non-QM borrowers may come under pressure…Read More
Fannie Names Former Berkshire Hathaway Executive Hugh Frater Interim CEO October 9, 2018 Paul Muolo The new interim CEO was an EVP at PNC Financial where he led the real estate division and was a founding partner and managing director of BlackRock...Read More
The M&A Roundup: Lots of Chatter, Not a Lot Getting Done (Yet) October 9, 2018 Paul Muolo Meanwhile, the largest potential deals looming over the market continue to be Ditech Financial and loanDepot…Read More
Senate Still has Time to Enact VA ‘Orphan’ Loan Bill October 9, 2018 George Brooks The House bill is currently at the Senate desk, awaiting nods from Senate Banking Committee Chairman Mike Crapo, and Ranking Minority Member Sherrod Brown…Read More
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