The Game Continues: CFPB’s Cordray Sounds Like a Politician to Some, but Others Doubt He Will Run September 25, 2017 Thomas Ressler To some, CFPB Director Richard Cordray does not sound like a candidate…Read More
As GSE ‘Zero Capital Day’ Approaches, Hurricane Damage Looms Large? September 25, 2017 Paul Muolo FHFA Director Mel Watt is concerned about zero capital, but has not yet given any public indication he will do something about it...Read More
GSE Seller Buybacks Edged Higher in 2Q17, but YOY… September 25, 2017 John Bancroft All of the uptick in seller buybacks came from Fannie, where repurchases surged 21.5 percent from the first to the second quarter.Read More
Angel Oak Projects $1.1 Billion in Non-QM Production This Year September 25, 2017 Paul Muolo Angel Oak expects that production by its wholesale arm will grow by 62.8 percent this year.Read More
Liquidity for ‘Structured Products’ the Best Ever? September 25, 2017 Brandon Ivey Some investors, such as Charles Schwab Bank, are having trouble finding bonds to buy…Read More
Another Ginnie Mae MSR Package Hits the Market September 25, 2017 Paul Muolo Roughly 82 percent of the VA-backed mortgages are interest rate reduction refinance loans or IRRRLs.Read More
Short Takes: Look for a Boom in 203(h) Loans? / loanDepot Jumps on Board / Don’t Have a 2018 Budget Yet? There’s Still Time / Better than Expected Originations / Waiting on Godot – and Cordray to Make Up His Mind September 25, 2017 Paul Muolo In general, 2017 is turning out to be a better year than many originators expected...Read More
MBS Market Plugging Along, Banks and Overseas Buyers Top Investors in 2Q17 September 22, 2017 John Bancroft Commercial banks were one of the most active buyers of residential MBS during the April-June cycle...Read More
Non-Agency MBS Issuance Constrained by a Lack of Supply September 22, 2017 Brandon Ivey Matt Nichols, CEO of Deephaven Mortgage, a company that has issued nonprime MBS in recent years, said the main impediment to nonprime MBS is supply.Read More
Trade Groups Tell Treasury and FHFA: Legislation for GSE Reform, No Recap and Release September 22, 2017 Paul Muolo In a research note published Friday, Cowen & Co. notes the letter is an indication these groups believe allowing the GSEs to retain capital will prolong the conservatorships.Read More