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
CFPB’s Enforcement Chief Departs for Job in the New York AG’s Office January 25, 2019 Yemeng Yang The NYAG's division of economic justice consists of six bureaus, including one protecting consumers from fraudulent, deceptive practices.Read More
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
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