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GSEs’ Single Security on Track for Implementation June 3. Otting Supports it 100%

February 25, 2019
Brandon Ivey
FHFA’s Mary Ellen Taylor noted the project aims to increase liquidity in the to-be announced MBS market and is not an effort to combine Fannie and Freddie into one entity.
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Former FHA Chief Galante Quits Ocwen’s Board, Ex-GE Exec Britell Joins

February 25, 2019
Paul Muolo
Ocwen is scheduled to report fourth quarter results on Wednesday…
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NAR Dissects GSE Reform Proposals, Has a Few Ideas of its Own

February 25, 2019
Dennis Hollier
NAR makes a persuasive case that Fannie and Freddie should be restructured as strictly regulated, shareholder-owned utilities…
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Short Takes: Kushner Getting Cushy with Fannie and Freddie? / Working with Lenders, Not Property Owners / Prepayments Fall to 18-Year Low / More Funding for Better.com

February 25, 2019
Paul Muolo
A Freddie spokesman confirmed to us what we’ve always assumed: “We are not a primary lender.”
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What We’re Hearing: Franklin Raines’ Dream / FannieMae.com? / The Hype Behind Digital Mortgages and Cost Savings / Replacing Moderately Paid Workers with Expensive Programmers / Calabria a Lock? / NAR's GSE Ideas

February 22, 2019
Paul Muolo
And here’s another farce: Once the system is built, maintaining it will be cheap (because regulations and products never change)…
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Money-Losing Zillow Has New (Old) CEO, Plans Significant Foray into Mortgages

February 22, 2019
Brandon Ivey
Zillow’s management believes that within three to five years the firm could originate 3,000 mortgages per month...
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Coming Up Roses: Nonprime MBS

February 22, 2019
Brandon Ivey
Verus first launched its acquisition program in 2015. As of the end of October, the company had purchased mortgages with an aggregate principal balance of $3 billion…
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Mortgage Broker Market Share Hits 9-Year High

February 21, 2019
John Bancroft
The gain in the sector was largely attributable to the biggest player in table-funding: United Wholesale Mortgage…
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TIAA Throws Traditional Retail Overboard, USB Will Get Some of the 65 Branches

February 21, 2019
Paul Muolo
TIAA CEO Blake Wilson: “Mortgage lending is a dynamic and highly competitive industry and the market we’re in today is very different than just a few years ago..."
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Non-Agency Pricing for GSE-Eligible Loans in Flux

February 21, 2019
Brandon Ivey
Doyle noted it was the first time in a while that GSE-eligible loans put out for bid to non-agency investors failed to trade.
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