KBW: Don’t Expect Much Improvement from Gain-on-Sale October 12, 2017 Paul Muolo “We estimate that gain-on-sale margins will be roughly flat quarter to quarter,” writes KBW analyst Bose George…Read More
Short Takes: Residential Production Plunges at Citi / MSR Holdings Down Too / But a Nice Profit for 3Q17 / JPMorgan Readies New Non-Agency MBS / Ocwen Exiting Wholesale Channel / Fannie Announces New NPL Auctions October 12, 2017 Brandon Ivey and Paul Muolo Citi’s third-party servicing portfolio is down to $49.1 billion from $147.6 billion at Sept. 30, 2016...Read More
HUD Secretary Ben Carson Tells Panel Agency is Working to ‘Resolve’ Use of the False Claims Act October 12, 2017 Paul Muolo “I’m not sure why there’s been such an escalation of it [the FCA],” said Carson.Read More
IG: CFPB Pushed Examiners into the Field Before They Were Ready October 11, 2017 Thomas Ressler Some examiners did not receive adequate training or developmental opportunities, the IG said…Read More
The GSEs Should Report Robust Earnings for 3Q17. Here’s Why… October 11, 2017 Paul Muolo A previously announced legal settlement with Royal Bank of Scotland will soon hit the books...Read More
Fannie MH Pilot Program Could Boost This Niche Market October 11, 2017 Carisa Chappell While the pilot is limited to New Hampshire home buyers, Fannie thinks the pilot could open the door to other states doing something similar…Read More
GSEs Unaffected by Deloitte’s Computer Break-In October 11, 2017 Paul Muolo A Freddie spokesman noted: “We take cyber-security seriously as it relates to every aspect of our business.”Read More
Credit Report Gripes Filed with the CFPB Go Sky High October 11, 2017 Thomas Ressler Gripes to the bureau leapt by 53.4 percent on a sequential basis…Read More
Short Takes: Ginnie Mae Worried about Certain Nonbanks? / The David Kittle Nomination? / KKR Closes Fund to New Investors / SFR Hits $33 Billion / A New Hire for Grandbridge October 11, 2017 Paul Muolo There’s still no word from the White House on when it will nominate industry executive David Kittle to be the next president of Ginnie Mae...Read More
Did the Department of Justice Ever Opine in the CFPB Case? Hard to Say… October 10, 2017 Thomas Ressler No one’s talking, and there’s been no indication that the DOJ has even filed a brief in the Ocwen case…Read More
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