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Phoenix Capital Selling $2.5 Billion of Bulk GSE Servicing Rights

April 10, 2017
Paul Muolo
It’s not often that FHLB servicing rights hit the auction block…
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Mixed Performance for Nonbanks, but Quicken Strong

April 10, 2017
Brandon Ivey
Moody’s notes that the privately held Quicken Loans has strong profitability “due to its solid franchise position and strong capital levels…”
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UWM Funds $4.6 Billion in 1Q, Expects 2Q to be Much Bigger

April 10, 2017
Paul Muolo
UWM is the nation’s largest table funder in the nation, followed by Caliber Home Loans and Stearns Lending, according to a full-year 2016 ranking from Inside Mortgage Finance…
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Short Takes: Ocwen’s $6 Million Man / 21 Board Meetings in One Year / GSE Reform on Track for Next Year? / Senate Meeting on GSE Reform / FirstKey’s SFR Deal

April 10, 2017
Paul Muolo
Cowen assigns a 65 percent probability to a GSE bill becoming law next year…
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MBS and ABS Issuance Cooled in Early 2017 as Refis Swooned

April 7, 2017
John Bancroft
Fannie, Freddie and Ginnie securitized $156.80 billion of refi loans during 1Q17, down 35.1 percent sequentially, according to Inside MBS & ABS.
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Fannie Mae Controller and Principal Accounting Officer to Depart

April 7, 2017
Paul Muolo
Fink is expected to leave Fannie Mae in the second half of the year.
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What We’re Hearing: Ocwen and Walter, Two Peas in a Pod? / The Shorts Have Made Their Money and Moved On / Will loanDepot Ever Go Public? / Freddie Bullish on MF / When Fannie Mae Earned More Money than the Roman Empire

April 7, 2017
Paul Muolo
One GSE watcher called it, "The biggest company quarterly profit since the Roman Empire, adjusted for inflation of course.”
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Annaly Buying More Non-Agency Whole Loans

April 6, 2017
Brandon Ivey
As its footprint in the residential credit market expands, counterparties are looking to Annaly as a source of liquidity…
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Freddie Mac Ready to Issue Buyback Waiver Tied to Appraisals

April 6, 2017
Carisa Chappell
GSE originators have long complained that the rep-and-warrant policies need to be more transparent.
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Fannie/Freddie Securitizations Tumbled 27 Percent in 1Q17, but March Showed Promise

April 6, 2017
John Bancroft
How much slack can the purchase market pick up? We’re about to find out…
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