Plan Afoot to Reintroduce VA ‘Orphan’ Loan Legislation January 30, 2019 George Brooks The Protect Affordable Mortgages for Veterans Act of 2018 was passed by the House via a voice vote on Sept. 26 and then sent to the Senate, where it was stalled on a technicality.Read More
Applications Decline but Signs of Life in Selected Markets? January 30, 2019 Paul Muolo On an unadjusted basis, the trade group’s application index decreased 10.0 percent compared to the week prior.Read More
White House Issues Statement on GSE Reform, Says it Will Work with Congress; Share Price Tanks January 29, 2019 Paul Muolo So much for administrative reform of Fannie and Freddie...Read More
Mortgage Gripes Filed with the CFPB Fall to a New Low January 29, 2019 Yemeng Yang Servicing practices attracted the most mortgage-related complaints, accounting for almost half, Inside the CFPB found…Read More
Seer Readies Non-QM MBS, No Word Yet on Deal Size January 29, 2019 Brandon Ivey Seer Capital Management has bought controlling interests in asset origination firms in both the U.S. and Europe…Read More
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
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