Cowen: Trump Will Have Trouble Replacing Cordray as Head of the CFPB December 27, 2016 If Trump wants to get rid of Cordray, he will have to fire him “for cause,” says Cowen analyst Jaret Seiberg. Read More
Share of Loans that Close on Time Increasing December 27, 2016 Brandon Ivey Other loan types also generally showed improved closing times.Read More
Treasury Department Officials: Obama Supports ‘Explicit’ Guaranty on a ‘Defined Class’ of MBS December 27, 2016 Carisa Chappell and Paul Muolo Some GSE observers believe an “implicit” guaranty is the same thing as an “explicit” one…Read More
Short Takes: Gone for Now: Really Low Rates and No Points / Tracking the Yield on the 10-Year / Why Home Price Gains May Taper Off / Nonbanks Get FHFA’s Approval December 27, 2016 Carisa Chappell and Paul Muolo “Home prices cannot rise faster than incomes and inflation indefinitely.” – David Blitzer, managing director of the index committee at S&P Dow Jones.Read More
Broker Market Share of Jumbo Production Slips in 3Q16 December 22, 2016 Brandon Ivey The retail channel accounted for 91.7 percent of Wells Fargo’s jumbo production during the first nine months of 2016…Read More
CBO Says Fannie and Freddie Should Raise G-Fees December 22, 2016 Carisa Chappell Reducing subsidies also would help renew private sector participation in the secondary market, the Congressional Budget Office believes…Read More
‘Corker-Warner’ Co-Author Michael Bright, A Candidate for the Ginnie Mae Job? December 22, 2016 Paul Muolo This summer, Bright co-authored a GSE white paper with former Federal Housing Finance Agency Director Ed DeMarco…Read More
Freddie Issues its First CRT Securitization Backed by Seasoned Mortgages December 22, 2016 Brandon Ivey The mortgages in the CRT deal have seasoned for an average of 10 years and are serviced by Select Portfolio Servicing.Read More
Fitch Ranked Tops in Rating Non-Mortgage ABS During First Nine Months of 2016 December 22, 2016 John Bancroft Fitch had a 55.3 percent share of the ABS ratings market through September...Read More
Short Takes: Another Nonprime Lender Gets Rated / MorVest Wraps Up GSE MSR Auction / PennyMac’s Financing Deal / A Bright Idea and Others / BB&T Names New Prez / A Short Publishing Break for IMFnews December 22, 2016 Paul Muolo Another non-agency lender has received a rating from Fitch: Angel Oak Home Loans... Read More