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
An Administrative Plan to Reform the GSEs Imminent? January 24, 2019 Paul Muolo The spokeswoman stressed that Otting did not mention Congressional approval, a timeline or "discuss any details of the plan.”Read More
CHLA Anxious About What Ginnie Mae Might Do January 24, 2019 Paul Muolo CHLA adds that “enhanced” supervision should focus on Ginnie Mae's largest issuers...Read More
A Profit Decline for Top-Ranked Warehouser Texas Capital January 24, 2019 Paul Muolo Mortgage finance assets comprise 32.0 percent of Texas Capital's asset base...Read More
Short Takes: Bob Ryan Staying Put at FHFA / Treasury Likes Moelis? / 24 Million Banking and Mortgage Documents Exposed? / Something to Worry About / Not Collecting a Paycheck at Ginnie January 24, 2019 Paul Muolo Will the Moelis plan be the one?Read More
Redwood to Acquire 5 Arches, Originator of ‘Business-Purpose’ Loans January 23, 2019 Brandon Ivey Redwood estimates that 5 Arches will originate $900 million to $1 billion in loans this year…Read More
Fate of the GSE ‘Patch’ Undecided Despite its Importance January 23, 2019 Dennis Hollier Joe Pigg of the American Bankers Association is among those expressing concern about the high DTIs of loans under the GSE patch…Read More
Nonbanks Step Up Efforts with Non-Agency Products January 23, 2019 Brandon Ivey More nonbanks, including the top-ranked PennyMac, are growing comfortable with non-QMs…Read More
Short Takes: Amazon Interested Still? / MBA Reduces Origination Forecast / GOS to Widen? / Annaly Readies Non-Agency MBS / Ellington Weighs in on REIT Conversion / Existing Home Sales Decline / Promotions and New Hires at MGIC and Closing Corp January 23, 2019 Paul Muolo and Brandon Ivey MBA reduces its origination forecast for 2019, ever so slightly...Read More
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