Things of Worry for Ginnie Mae Investors: Fast Prepays, Investigations May 17, 2019 Paul Muolo Ginnie MBS payments are covered by Uncle Sam but investors still have plenty to worry about...Read More
Short Takes: Great Expectations? / One Stock You Can Bet On / How Big Is PIMCO in Mortgages? Very Big / Another Departure at Ginnie Mae May 16, 2019 Paul Muolo Finding value in GSE equities: It's complicated...Read More
Short Takes: A New Mortgage Benchmark Has Arrived / Next Up for Calabria: the MBS Secondary in NYC / The Chicago Way / A Loss for Cherry Hill, but… / A New Deputy Director at the CFPB May 15, 2019 Paul Muolo April was a record month for nonbank mortgage giant Guaranteed Rate...Read More
NAR Should be Happy: FHFA Will Leave Untouched the 30-Year FRM, Loan Limits May 15, 2019 Paul Muolo Next up for Calabria: A policy speech before the Mortgage Bankers Association...Read More
Prime Non-Agency MBS Issuance Off to Slow Start in 2Q19 May 15, 2019 Brandon Ivey Whole loan sale execution has reached parity with securitizations...Read More
PIMCO Postpones IPO for REIT, Citing Unfavorable Market Conditions May 15, 2019 Brandon Ivey PIMCO Mortgage Income Trust: “The company elected to postpone the offering as a result of unfavorable equity market conditions..."Read More
Short Takes: Former FHA Chief Stevens Weighs in on Administrative Reform of the GSEs / Watch the Swim Lanes / New Executive Hires for Angel Oak / Redwood Preps Prime Non-agency MBS / Not All Agree on CLO Standards May 14, 2019 Paul Muolo and Brandon Ivey Will new FHFA chief Mark Calabria narrow the GSE swim lanes?Read More
Chase to Issue its First Post-Crisis MBS Backed by Investment Properties May 14, 2019 Brandon Ivey A number of lenders and issuers have seen better execution for GSE-eligible investment-properties in non-agency MBS instead of delivering the product directly to Fannie and Freddie...Read More
Short Takes: China, Trade and Falling Rates / Rethinking the Downpayment Idea / Understanding Reverse Mortgages / It’s Official: Hill Vet Clinton Jones Joins the FHFA May 13, 2019 Paul Muolo and Dennis Hollier The way FHFA Director Mark Calabria keeps adding staff, the agency might need more office space...Read More
Flagstar Faces Financial Exposure on Failure of Reverse Lender May 13, 2019 Dennis Hollier Reverse lender Live Well Financial of Virginia closed its doors last week, laying off roughly 100 full-timers... Read More
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