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Banks Look Forward to Revised Capital Treatment on MSRs; Worse Than Greek Bonds?

October 24, 2017
Brandon Ivey
Speaking at the MBA convention, one executive said that under current rules, bank holdings of MSRs are treated more harshly than holdings of Greek bonds.
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Flagstar Increased Residential Production by 4.5 Percent in 3Q17

October 24, 2017
Paul Muolo
Flagstar’s origination business was aided, in part, by its acquisition earlier this year of Opes Advisors...
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Nonbanks Mostly on the Sidelines in the HEL Market

October 24, 2017
Paul Muolo
It was thought that Quicken Loans, the nation’s largest nonbank funder, might follow loanDepot’s lead and enter the arena, but so far no...
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HUD Chief Carson: Use of FCA Under Review, but Bad Actors Will be Held Accountable

October 24, 2017
George Brooks
Secretary Carson warned, however, that HUD will continue to hold bad actors accountable for faulty lending practices…
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Short Takes: ‘Zero Capital’ Gets Zero Mention by FHFA Director Watt / Fannie CEO None-Too-Thrilled with ‘Colonial Style’ / Flagstar Cites Sweet Profits from Homebuilder Finance / No Housing Bubble, Says Arch / Capstead Gets a New CFO

October 24, 2017
Brandon Ivey and Paul Muolo
Homebuilder finance is booming at Flagstar Bancorp...
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Short Takes: MBA’s Stevens to the Troops: You’re Living Under a False Sense of Security / Trump’s Nominee to Head the FHFA? / How Basel Treats Servicing Assets / Executive Bolts PNC Bank for NewDay

October 23, 2017
Paul Muolo
MBA chief Dave Stevens: “What happens if the president nominates a new [FHFA] director who thinks the government role in mortgage finance is too large and wants to scale it back?"
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Walter Unveils Plan for ‘Prepackaged’ Chapter 11 Bankruptcy

October 23, 2017
Paul Muolo
Although Walter will file for bankruptcy, Ditech Financial LLC and Reverse Mortgage Solutions will not...
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Incenter, Phoenix Hit the Market with Bulk MSR Offerings

October 23, 2017
Paul Muolo
According to the offering circular, delinquencies on the Ginnie Mae package total 8.19 percent...
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Want GSE Reform? The Senate Better Get Moving – And Soon

October 23, 2017
Paul Muolo
Cowen: “We continue to believe the Senate Banking Committee must release a legislative plan in 2017 for Fannie and Freddie if it is to be enacted in the 115th Congress.”
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Agency Servicing Transfers Caught Fire in 3Q17, Reshaping MSR Market

October 20, 2017
John Bancroft
In the third quarter, Movement Mortgage was the top seller of MSR assets via the coissuance market…
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