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KBW Issues Caution on New Freddie MI Pilot; Looks Like USMI Implored FHFA to Kill the Product?

March 12, 2018
Paul Muolo
The USMI fears the pilot “marks an unprecedented encroachment of Freddie Mac’s footprint into primary mortgage markets…”
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Short Takes: Amazon Wants to Enter the Mortgage Industry (Good Luck with That) / Who is Nick Clemente? / Risk and the GSEs / Essent’s Risk-Sharing Deal / A New Hire for Recovco

March 12, 2018
Brandon Ivey and Paul Muolo
From what we understand, the Amazon executive spearheading the effort is Nick Clemente...
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Agency MBS Production Slumped in February

March 9, 2018
John Bancroft
Higher mortgage interest rates are squashing the refinance sector…
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Broker Group Continues Attack on What it Views as Unfriendly Wholesalers

March 9, 2018
Brandon Ivey
Six lenders were deemed by BRAWL to be true partners, including Plaza Home Mortgage and United Wholesale Mortgage…
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Attorneys Expect Changes to CFPB Policy on ‘No Action’ Letters

March 9, 2018
Yemeng Yang
Donald Lampe, a partner in Morrison & Foerster, said: “the basic design of the no-action letter process was not very effective from day one,” because of excessive burdens it imposed on applicants.
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Will the White House Tap Michael Bright to be the Permanent President of Ginnie?

March 9, 2018
Paul Muolo
Before going into government service, Bright co-authored a housing-finance reform paper with former Federal Housing Finance Agency Acting Director Ed DeMarco…
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What We’re Hearing: The Federal Reserve Worries (Big Time) About Nonbank Mortgage Firms / Junk Status / The DeMarco-Bright Plan Critiqued / Finally, a Sensible and Fair Proposal on GSE Reform / Layoffs at Guaranteed Rate

March 9, 2018
Paul Muolo
The Federal Reserve has a name for the credit quality of nonbanks: junk.
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Embrace Home Loans Hires a Deephaven Capital Markets VP to Head Product Innovation

March 8, 2018
Brandon Ivey
Parkes Dibble was previously vice president of capital markets...
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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.
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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
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Latest Imf News

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Featured Data

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