Worried About Risk, FHA Seeks to Mitigate Decreasing Credit Scores, More… March 18, 2019 George Brooks Changes to the agency’s TOTAL Mortgage Scorecard, go into effect March 18...Read More
What We’re Hearing: The Changing of the Guard at the FHFA / A Deep Resume / Retained Capital for Fannie and Freddie, a Matter of When? / The Holy Grail / Impac Mortgage, Act III / FHA Moves to Sure Up its Book March 15, 2019 Paul Muolo An increase in retained earnings is a pre-cursor to GSE “recap and release,” or as Fannie/Freddie investors call it, the Holy Grail…Read More
A Challenging 4Q18 for Impac; Lender Sells $10.5B of MSRs March 15, 2019 Paul Muolo In the fourth quarter, Impac’s gain-on-sale margin increased 85 basis points to 203 bps, a reflection of its growing originations of non-QM loans.Read More
SBC Chairman Crapo Schedules Two Days of Hearings on GSE Reform March 14, 2019 Paul Muolo NAR would like to see Fannie and Freddie restructured as tightly regulated shareholder-owned utilities...Read More
Phoenix Capital and MIAC Unveil New MSR Auctions March 13, 2019 Paul Muolo MIAC is also ready to take final bids on a $315.3 million Fannie/Freddie/Ginnie Mae MSR portfolio…Read More
MSR Auction Market Red Hot March 11, 2019 Paul Muolo Mark Garland, executive vice president at MountainView Financial Solutions, also sees a robust market developing this year…Read More
Banks Boosted ‘Servicing for Others’ in 4Q18. However… March 11, 2019 John Bancroft The top four banks in servicing for others all reported declining balances…Read More
Short Takes: Impac, Better Late Than Never / Wall Street Roots / An Early Start to Spring Home Buying? / Sprague Departs Phoenix Capital for STRATMOR Consultancy March 11, 2019 Paul Muolo An early start to the spring home buying season?Read More
Short Takes: Ben Carson to Leave HUD After 2020 Election? / CFPB Hearing / Home Price Appreciation Slows / Mortgage Applications Down / Pinto’s Housing Finance Reform Plan March 6, 2019 Yemeng Yang Housing and Urban Department Secretary Ben Carson said he is planning on leaving his post at the end of President Trump’s first term ...Read More
Feds and Florida Seek to Merge Ocwen Lawsuit March 4, 2019 Yemeng Yang Seeking a merger of the complaints, federal and state regulators now believe their cases overlap sufficiently regarding questions of law and fact…Read More
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