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Originations
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President Trump Directs Treasury to Draft GSE Overhaul; White House Wants Final Say

March 27, 2019
Paul Muolo
“For each administrative reform, the Treasury housing reform plan shall include a timeline for implementation,” Trump writes.
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Fannie Makes it Official, Names Interim CEO Hugh Frater Permanent Chief

March 27, 2019
Paul Muolo
Although Frater will lead Fannie, which earned $16 billion in 2018, his salary will be capped at $600,000 per year...
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Neuberger Berman Set to Issue its Largest Expanded-Credit MBS to Date

March 27, 2019
Brandon Ivey
Most of the mortgages were sourced by Sprout Mortgage, Michael Strauss' shop...
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Hearings Commence on GSE Reform. NAHB Worries About ‘Administrative’ Changes, Academic Trashes Crapo’s Ideas

March 26, 2019
Paul Muolo
Georgetown Law Professor Adam Levitin: “I am deeply concerned about the basic direction of the chairman’s housing-finance reform proposal outline..."
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LendingHome Issues $219 Million ABS Backed by Fix-and-Flip Loans

March 26, 2019
Brandon Ivey
Fix-and-flip loans typically payoff in about seven months...
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MBA Research: A Net Origination Loss of $200 Per Loan in 4Q18

March 26, 2019
Paul Muolo
Added MBA’s Walsh: “On the servicing side of the business, mortgage servicing impairments resulting from December’s drop in interest rates hurt profitability.”
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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…
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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...
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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…
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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...
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