Short Takes: Is the Party Over for GSE Common? / A Bubble Bursting on Shareholders / The King of MSR Buys: New Residential / Cleveland Rocks (for New Home Owners), Pittsburgh and OKC Too / Freddie Gets New Chairperson January 29, 2019 Paul Muolo New Rez’s MSR haul: $50.9 billion of agency product...Read More
Legislative Reform of the GSEs This Year? Don’t Bet On It January 28, 2019 Paul Muolo The consulting firm, echoing what many in the industry believe, said if housing finance reform were easy “it would have happened long ago.”Read More
Wells Fargo: Lenders Struggling with Overcapacity, Low Demand January 28, 2019 Brandon Ivey Keefe, Bruyette & Woods: “The issue of overcapacity in the industry appears to be persisting…”Read More
Short Takes: Rep. Waters Wonders: Is Otting Legal? / An End-Run? / Cowen on Calabria’s Chances / The Fed Gets a New Director of Research January 28, 2019 Paul Muolo
What We’re Hearing: The Coming War Over Administrative Reform of the GSEs / Trust in (MBS) Traders / Congress Committed to Legislative Reform / Predictions Can be Difficult / At Least Bill Ackman is Happy / JPMorgan Now #4 in Mortgage Lending January 25, 2019 Paul Muolo Pershing Square CEO Bill Ackman should be a happy man these days. His investment in Fannie and Freddie is now in the black...Read More
Commercial MBS Issuance Declined Slightly in 2018 January 25, 2019 John Bancroft The flow of multifamily mortgages into non-agency CMBS actually rose slightly in 2018, including a burst of activity in the fourth quarter.Read More
NAR Calls on USDA to Process Rural Housing Loans During Shutdown January 25, 2019 George Brooks In a series of recent emails, the NAR requested RHS to assign staff to process loan applications...Read More
CFPB’s Enforcement Chief Departs for Job in the New York AG’s Office January 25, 2019 Yemeng Yang The NYAG's division of economic justice consists of six bureaus, including one protecting consumers from fraudulent, deceptive practices.Read More
House Banking Chair Waters Wants Answers from FHFA’s Otting on His GSE Reform Plans January 25, 2019 Paul Muolo In mid-January, in a speech to FHFA staffers, Otting vowed to make administrative changes to the GSEs but offered no time table or details...Read More
A Market In Transition: Originations Hit Four-Year Low in 4Q18 January 24, 2019 John Bancroft Among the nation’s top 10 originators, United Wholesale Mortgage was a standout, growing production by 40.8 percent in 2018…Read More
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