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
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
MountainView Offering a $12.2B Ginnie MSR Package, Other Dealers Active As Well January 23, 2019 Paul Muolo A large nonbank based in Texas is believed to be the seller of the $12.2 billion package…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
Flagstar Sees Residential Originations Plummet January 22, 2019 Paul Muolo Flagstar CEO Alessandro DiNello: “Our mortgage business was softer than we expected."Read More
FHA/VA Default Rates Edge Higher January 22, 2019 John Bancroft The serious delinquency rate was a different story…Read More
Government Shutdown Impedes Ginnie Liquidity Letters, More January 22, 2019 Paul Muolo Ginnie Mae hasn’t had a permanent president it two years. It may never have one in the Trump administration...Read More
What We’re Hearing: GAO Worries About Fannie & Freddie / The Return of Jeb Hensarling / Top-Ranked Nonbank Enters the HELOC Market / Quicken Courts the Refi Market / Eddy Perez to Head MORPAC / Take Our Salary Survey January 18, 2019 The title of the new GAO report says it all: The Prolonged Conservatorships of Fannie Mae and Freddie Mac...Read More
Megabanks’ Originations Weak, MSR Values an Issue January 18, 2019 Paul Muolo Publicly traded nonbank giants, including PennyMac and Mr. Cooper, have yet to report results, but there’s nothing to suggest these shops will fare much better…Read More
Nonbanks Significantly Increase Agency Servicing Market Share January 17, 2019 John Bancroft Eighth-ranked Mr. Cooper also had huge quarter in MSR growth…Read More
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