Court Rules Fannie Is Not a Credit Reporting Agency January 30, 2019 Dennis Hollier In the Zabriskes’ case, the foreclosure was a short sale that had been miscategorized…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
Freddie MBS (Servicing) Grew Faster Than Fannie Sector in 2018 January 29, 2019 John Bancroft And although trendlines varied significantly among the top-ranked processors, the overall migration of GSE servicing to nonbanks continued last year.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
Agency MSR Transfers (Sales) Up a Solid 13.9 Percent in 2018 January 28, 2019 John Bancroft The three most active sellers of bulk MSRs: Stearns Lending, United Wholesale Mortgage and loanDepot, according to exclusive figures from Inside Mortgage Trends…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
Incenter Offers Flow Ginnie Mae Package January 28, 2019 Paul Muolo The loan flow will be top heavy with California mortgages…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
New Rez Ready to Kick Ditech to the Curb on Subservicing Contract January 25, 2019 Paul Muolo In a new 8-K filing, Ditech said that on Jan. 17 it received a termination notice from New Residential...Read More