Will Dwindling Refinances Lead to Layoffs? February 28, 2017 Paul Muolo As one executive put it: “January was slow, February was lower, and I can’t tell how March will be yet.”Read More
Mortgage REIT Holdings of Residential MBS Fell Slightly in 4Q16 February 28, 2017 John Bancroft Annaly padded its lead as the top REIT MBS investor, thanks, in part, to its acquisition of Hatteras Financial in the third quarter of 2016…Read More
Short Takes: Who Will Lead FHA? / Radian Says It’s News to Bazemore / Vote on Carson Nears / Will Trump Mention the GSEs? February 28, 2017 Paul Muolo Then again, Trump has been known to surprise people. Read More
Warehouse Finance Sector Coming off a Strong 2016, but Storm Clouds Hover February 28, 2017 Paul Muolo Challenges include higher interest rates, which are translating into lower production volume in 2017…Read More
GSE Seller Buybacks Tumbled to Record Low in 4Q16 February 27, 2017 John Bancroft For the full year, GSE seller repurchases totaled just $1.101 billion, a record annual low…Read More
SFIG Vegas Show Opens, Record Attendance Likely, but Plenty of Uncertainty for Non-Agency MBS Market February 27, 2017 Brandon Ivey The nonagency/nonprime MBS market is expected to get some attention at the SFIG show, but not much… Read More
Revised GOP Reform Plan Would Significantly Loosen Rules for Rating Services February 27, 2017 Brandon Ivey With Republicans now in control of the White House and both houses of Congress, Hensarling plans to make even more cuts to regulations for rating services.Read More
Trouble Ahead: Gain-on-Sale Margins Slipping February 27, 2017 Paul Muolo Piper analyst Kevin Barker and his team estimate that so far in 1Q17, the average refi volume is down 26 percent from fourth quarter levels.Read More
Incenter Selling Fannie/Freddie Mortgage Servicing Rights February 27, 2017 Paul Muolo California mortgages account for the large chunk of collateral at 41.2 percent. Texas is a distant second at 10.4 percent.Read More
Short Takes: Letting the Single-Security Flag Fly at SFIG / Lots of Emails Regarding the GSEs / $10B of GSE Preferred Sold the Year Before Seizure / Maloni Responds / Moving (In)to Montana / A New Hire for Selene February 27, 2017 Brandon Ivey and Paul Muolo Bradd Gold of Au Consulting LLC noted that in the year prior to their federal takeover, Fannie and Freddie sold $10 billion of GSE junior preferred. Read More