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Short Takes: Layoffs at Fannie, Freddie JV / The CSS Mission / Good for Now, Yes. Later? / Ocwen CGO Files Form 4 / A Past, Bullish Sign

December 2, 2019
Paul Muolo

CSS is the platform created by the GSEs to develop the uniform MBS, the common security now used by the two mortgage giants...


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Co-CEO/President Jeffrey Villano Resigns from Fix & Flip Lender Sachem

November 25, 2019
Paul Muolo

Recently, Sachem came to market with $30 million of short-term notes priced at 6.88%. In the third quarter the publicly traded REIT posted a net profit of $2.1 million.


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Loan Officer Transitional Licensing Regime Starts This Week

November 25, 2019
Yemeng Yang

“There will be a significant impact and industry should see a decreased turn time in getting the MLOs approved,” said CSBS Senior Vice President Tim Doyle.


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Short Takes: It’s All About the Benjamins / Similar to Bank Capital Rules? / A New SFR Securitization From Redwood / A New Ops Center for Arizona / The Other Bernie Becomes a Spokesman

November 22, 2019
Paul Muolo

Redwood Trust has closed on a new securitization of single-family rental loans, the first such MBS since its acquisition of SFR lender CoreVest this fall.


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An Origination Profit Boom in 3Q19

November 21, 2019
Paul Muolo

It’s no secret that home lenders are enjoying boom times. According to figures published by Inside Mortgage Finance last month, mortgage bankers funded a mouth-watering $700 billion in first-liens in the quarter, the strongest showing of the year.


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A Sudden Departure for CEO of Nation’s Largest MBS-Investing REIT

November 21, 2019
Paul Muolo

The firm named Chief Financial Officer Glenn Votek interim CEO and president as it searches for a permanent replacement.


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Short Takes: GSE Stock Prices: Ouch / Juniors, Not the Common / Talk of Warren (Buffett, not Elizabeth) / Fitch Takes a Look at Freedom / New Hires at the FHFA

November 20, 2019
Paul Muolo

By the time recap and release is completed, an army of securities attorneys and investment bankers are going to rack up the billable hours…


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Radian Renews CEO’s Contract at $6.1 Million

November 20, 2019
Paul Muolo

Thornberry first joined Radian in February 2017. The MI ranks second in insurance-in-force and new insurance written...


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Short Takes: What’s Fannie, Freddie Common Really Worth? / The Preferreds? / Rehab or Fade Away / Piper Likes PennyMac / A Vendor Promotion

November 19, 2019
Paul Muolo
The eternal question: Is Fannie/Freddie common worth anything? Opinions have varied all decade long...
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Guild Predicts New Company Record for Originations, McGarry Will Relinquish a Title

November 19, 2019
Paul Muolo

Guild Mortgage, the nation’s 20th largest home lender (according to a ranking by Inside Mortgage Finance), is on track to originate a record $20 billion this year…


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