Short Takes: Bake in a Rate Cut? / U.S. Bank Chooses Empower as its LOS Vendor / Annaly Unveils Stock Buyback Initiative / A New Hire for Multifamily Lender Greystone June 3, 2019 Paul Muolo A coup for Black Knight...Read More
Production Profits Rebounded in 1Q19 June 3, 2019 John Bancroft Most of the gain came from a rebound at JPMorgan Chase,the nation's fifth-largest originator...Read More
Relying on One Single LOS Vendor a Thing of the Past? June 3, 2019 Brandon Ivey The change in the technology landscape is due to new participation in the mortgage market by fintech companies…Read More
Expect a GSE Stock Sale by Early 2020? June 3, 2019 Paul Muolo Investment banking fees on a Fannie/Freddie stock sale could be enormous…Read More
What We’re Hearing: Waiting on Treasury’s GSE RFP / And the Advisory Contract Goes To… / Who Is Andrew Olmem? / Angel Oak’s New MBS / Losing Faith in Mr. Cooper (The Mortgage Company, Not the Teacher) / Hindman: Banks Fail When it Comes to Social Media May 31, 2019 Paul Muolo Will institutional investors like Berkshire Hathaway line up to buy a new class of stock issued by Fannie Mae and Freddie Mac? We may know soon... Read More
Non-QM Lenders and MBS Investors Looking to Regulators for Certainty May 31, 2019 Brandon Ivey Participants in the non-QM market are looking for guidance from federal regulators regarding the future footprint of the GSEs...Read More
CBO: The 2020 Cohort of HECMs will Cost Uncle Sam $350M May 31, 2019 George Brooks CBO analyzed four approaches to altering HECM guarantees, including slowing the growth of the borrower's principal limit... Read More
State Authorities Haven’t Given Up on Regulating Nonbanks May 30, 2019 Brandon Ivey State regulators have not forgotten about nonbank lenders and servicers, not in the least...Read More
Refinances Up Sharply in 1Q19, but Purchase Lending Remains the Backbone May 30, 2019 John Bancroft Most of the pickup in refi business during 1Q19 came from rate-term transactions... Read More
Short Takes: At Freddie, the Brickman Era is About to Start / Coming Up: the 11th Anniversary / Past GSE CEO Salaries, No Cap / Why They Do It / Investing in Solar Panel Loans / It’s All About the Interest Rate May 30, 2019 Paul Muolo The year prior, Fannie CEO Daniel Mudd earned $11.6 million while Freddie's chief Richard Syron took home $18.3 million, but a large chunk of their pay included stock... Read More
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