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What We’re Hearing: Interest Rate Armageddon? / Sucking Pond Water? / Tony Renzi’s February Surprise / A Raise for Ginnie Mae Staffers / Investors Unite Weighs in on the Corker Bill (Not Happy) / Mnuchin’s GSE Plan

February 2, 2018
Paul Muolo
Investors Unite is not happy...
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Nonbanks Reach Another MSR Milestone: A 43 Percent Market Share Among the Top 50

February 1, 2018
John Bancroft
The $3.42 trillion of servicing held by nonbanks was up 20.7 percent from December 2016…
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Housing Finance Reform Waits for the Democrats to Show Up. (Don’t Hold Your Breath)

February 1, 2018
Paul Muolo
Bill Maloni, a retired Fannie executive who’s been tracking the reform debate for years, believes the Corker bill, if enacted as is, eventually will place the secondary market in the hands of the megabanks.
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CFPB Chief Mulvaney Continues with ‘Calls for Evidence,’ Agency Wants Input on Adjudications

February 1, 2018
Thomas Ressler
The next RFI in the series will address the bureau’s enforcement processes...
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Hensarling Wants CFPB's Mulvaney to Appeal PHH Loss to the Supreme Court

February 1, 2018
Thomas Ressler
Neither Hensarling or Waters addressed the fundamental RESPA issues involved in the case…
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Trump White House Working on a ‘Short List’ to Replace FHFA Director Mel Watt?

February 1, 2018
Paul Muolo
Calabria is a former director of financial regulation studies at the Cato Institute, a conservative think tank that would like to do away Fannie and Freddie…
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Short Takes: Mortgage Trouble at SoFi / Thin Margins / Ex-Fannie Mae Worker Indicted / Mortgage M&A in New England / A New Hire for Bay Equity Home Loans

February 1, 2018
Paul Muolo
One executive familiar with SoFi’s residential business said the company is operating on razor thin profit margins…
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Despite Anticipated Production Downturn, Mortgage Firms Pay Top Dollar for LOs

February 1, 2018
Even though residential originations could fall by as much as 20 percent this year, lenders are continuing to pay top dollar for high-producing loan officers, in what some call a “pricing war.”
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Corker’s GSE Bill Raises a Host of Questions. Five or Six MBS Guarantors Need to be Up and Running For it to Work

January 31, 2018
Paul Muolo
The FHFA would be tasked with maximizing profits on any asset sales by Fannie and Freddie, according to the Corker bill…
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Widespread Support for HFSC Portfolio QM Bill

January 31, 2018
Brandon Ivey
However, at the markup, the bill was amended to limit the types of mortgages that will receive QM status.
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