KBW: Servicing Values Up 7 to 15 percent YTD April 2, 2018 Paul Muolo A Ginnie Mae crackdown on “loan churning” is helping MSR values in that sector as well… Read More
Short Takes: 1Q18 was a Mixed Bag / Selected Reports of Strong Growth / MIAC was Busy with MSR Auctions / Here Come the Proxies / Waiting on the BLS April 2, 2018 Paul Muolo Meanwhile, the servicing sector appears to be picking up a head of steam...Read More
Fannie/Freddie Shareholders Continue to File Lawsuits Challenging Treasury Sweep April 2, 2018 Carisa Chappell The company said it made the investments because it believed in the future economic prospects of the companies…Read More
Barclays Settles Pre-Crisis Non-Agency MBS Issues with DOJ for $2.0 Billion; Two Former Execs Also Settle March 30, 2018 Brandon Ivey Charges were also filed against Paul Menefee, the former head banker of Barclays’ subprime MBS unit...Read More
What We’re Hearing: Not Much Time Left for the GSE ‘Gang of Four’ / Don (Heart) Fannie and Freddie / Go Ahead, Keep on Suing / Why Join a Company That’s in Conservatorship? / CoreLogic Reduces its Head Count / CMLA Not Amused March 30, 2018 Paul Muolo At yearend 2017, CoreLogic employed 5,900, a reduction of 400 full-timers over the previous 12 months...Read More
Freddie Mac Taps CoreLogic’s Sam Khater as New Chief Economist March 29, 2018 Paul Muolo A spokeswoman for CoreLogic confirmed that Khater is leaving the company…Read More
GSE NPL Sales Tanked in 2017 – And That’s a Good Thing March 29, 2018 Paul Muolo The FHFA noted that the GSE NPL auctions are open to any qualified bidder…Read More
Concerns Remain About Impact of Portfolio QM March 29, 2018 Brandon Ivey Moody’s noted that if the provision becomes law, small banks won’t have to meet certain documentation requirements included in the CFPB’s ability-to-repay rule…Read More
Megabanks and Even Nonbanks Continue to Rely Heavily on Correspondent Channel for Government Loans March 29, 2018 George Brooks The megabanks and some top ranked nonbanks rely heavily on correspondent purchases to gather FHA and VA loans…Read More
Fannie, Freddie Common Testing New 52-Week Lows March 29, 2018 Paul Muolo The U.S. Treasury controls the senior preferred shares of the GSEs, but has no positions in the common.Read More
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