Allow the ‘GSE Patch’ to Expire, Think Tanks Recommend March 26, 2019 Yemeng Yang The CFPB introduced the GSE patch in 2014 as a temporary measure…Read More
Short Takes: Stearns Issues Expensive Debt / Counter-Cyclical? Not Always / MSR Impairments a Factor / Alterra Seeks a Controller / CFPB Taking Advisory Board Applications March 26, 2019 Paul Muolo Usually, mortgage banking is a counter-cyclical business, but not always...Read More
Fourth Quarter Income Down Sharply for Publicly Traded Nonbanks March 25, 2019 John Bancroft Two nonbanks that have been steady earners reported significant losses during the fourth quarter…Read More
Caliber Affiliate the Latest Issuer to Bring its Second ‘Expanded-Credit’ MBS of the Quarter March 25, 2019 Brandon Ivey The mortgages boast an average credit score of 736...Read More
Short Takes: The Mueller Report, the Legislative Calendar and the GSEs / No Kumbaya Moment Here / Let the Administrative Changes Begin / Better Enters FHA Market / The Market Doesn’t Love Us, So We’re Selling March 25, 2019 Paul Muolo And that means: two more years of hyper-partisan bickering on both sides and legislation only getting passed if there’s a bi-partisan consensus or a national emergency... Read More
Surprise: Goldman Sachs Aggregating Jumbos and Conforming Loans for Non-Agency MBS March 22, 2019 Brandon Ivey Goldman hasn’t been active in the prime non-agency MBS market except for a one-off deal in 2014.Read More
CFPB Makes Changes to Advisory Boards, Reversing Decisions Made by Mulvaney March 22, 2019 Yemeng Yang The bureau plans to extend the terms of half the current members in order to achieve the staggered terms and ensure continuity.Read More
FHA Lenders Can Opt for Third-Party Verification March 22, 2019 George Brooks The new guidance applies to all FHA forward mortgages and HECMs…Read More
MBS Trading Falters Slightly but Strong Overall March 22, 2019 Paul Muolo One fact is certain: January and February were not good months for the production of Fannie Mae, Freddie Mac and Ginnie Mae securities. Read More
What We’re Hearing: Goldman Sachs is Doing What? / A Wall Street Warm Up? / 10.75% Money for Freedom Mortgage / A Grade of B+ / The Green New Deal a More Important Issue than Calabria? / CoreLogic Executive Lands Top Post at Fannie Mae March 22, 2019 Paul Muolo In the Senate, the 'Green New Deal' is more important than Mark Calabria?Read More
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