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FDIC Ready to Unload $422 Million of HECMs from IndyMac; Average Age of the Borrower: 81

March 8, 2018
Paul Muolo
Incenter and Ferncliff Investments are advising the FDIC on the HECM auction.
Read More

Senate Advances Dodd-Frank Reform Legislation, Bill Would Aid LOs Who Switch Jobs

March 8, 2018
Yemeng Yang
The bill would make it easier for loan officers to continue working if they leave a bank to go to a nonbank or leave a state-licensed shop in one state to go to a new state.
Read More

M&A Market Heats Up for Lenders: Plenty of Buyers; Sellers Wavering? Skyline on the Block?

March 8, 2018
With loan production suffering a noticeable decline in the first two months of the year, several small and medium-sized firms are struggling with profitability, causing intense speculation that the industry could be in for a wicked round of consolidation.
Read More

CFPB Tweaks Bankruptcy Reporting Rules for Mortgage Servicers

March 8, 2018
Paul Muolo
Gordon Albrecht, a senior director at specialty servicer FCI Lender Services, told IMFnews the new CFPB rules, in general, mean “more work and more servicing costs.”
Read More

Short Takes: Risk Sharing Denting GSE Profits? / Time to Put on the Investment Banking Hat? / Someone at HUD Hates Semi-Colons / Now, More than Ever, it Might be Time for All Concerned at HUD to Take the ‘Niceness Pledge’ / Invitation Homes Executive Gets

March 8, 2018
Paul Muolo
Whatever happened to the “niceness” pledge that Carson wanted everyone there to take? Certainly, if there’s a need for niceness at HUD, it might be now…
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GSE Investors Twisting in the Wind

March 7, 2018
Paul Muolo
The way things stand today, the only GSE class of stock worth anything is the senior preferred held by Treasury.
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The Big Loser in the Nationstar-WMIH Merger: Uncle Sam

March 7, 2018
Paul Muolo
In a new SEC filing, Nationstar reveals plans to introduce new products aimed at debt consolidation…
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RBS Settles Legacy Non-Agency MBS Case with NY, Investigation by DOJ Pending

March 7, 2018
Brandon Ivey
According to a tally from Inside MBS & ABS, RBS/Greenwich Capital ranked second among all subprime MBS underwriters that brought deals to market from 2004 to 2007 with $261 billion.
Read More

Consumer Advocacy Group Calls for Congressional Investigation into Mulvaney

March 7, 2018
Yemeng Yang
John Czwartacki, senior advisor to Mulvaney, said the email from former payday lending executive Janet Lewis Matricciani was “unsolicited.”
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Fannie Mae Keeping Tabs on the CFPB’s Ability-to-Pay Rule

March 7, 2018
Paul Muolo
Fannie Mae warns that changes could have a material effect on the “quality and quantity of loans available for sale to us.”
Read More
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Latest Imf News

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