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What We’re Hearing: Talk of a GSE Legal Settlement? / Using Consent Decrees / Goldman’s New Prime Non-Agency MBS / Fannie Exec Departs for Industry Vendor

October 18, 2019
Paul Muolo

In a report released Friday morning, Cowen Washington Research Group analyst Jaret Seiberg noted that banking regulators have been using consent decrees for years. “Such orders also tend to include conduct restrictions on the banks,” he said…


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Ginnie Mae Has No President at All. Is That a Problem?

October 18, 2019
Paul Muolo

Maren Kasper graciously lauded the career staff of Ginnie, telling investors the agency is in good hands…


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Short Takes: Ginnie’s Kasper Takes Her Bow / Discovering Japan? (Appleton) / Better Times at Better.com (And a New Hire) / DocMagic Launches Mobile App / Exec Departs Caliber for Flagstar

October 17, 2019
Paul Muolo

Mortgage “fintech” specialist Better.com is hitting the ball out of the park these days on originations. Better is based in New York...


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Quicken Has Big Plans for QLMS Unit. Firm Looks to Hire 250

October 17, 2019
Paul Muolo

Quicken said QLMS increased its volume of closed loans 240% from the third quarter of last year to 3Q19…


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Short Takes: Democrats Question CFPB Chief on Enova / Elizabeth Warren, Good for Mortgage Rates? / Leon Cooperman’s Ocwen Bet / A Positive Reading on New Business / A Big Promotion at Quicken

October 16, 2019
Yemeng Yang and Paul Muolo

Look out below: Investor/hedge fund titan Leon Cooperman said on CNBC Wednesday morning that if Sen. Elizabeth Warren, D-MA, is elected president the stock market will fall by 25%...


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Short Takes: MSR Marks an Issue? Yep / MorVest Selling Bulk GSE Rights / Making FHA Loans to Borrowers with IRS Debt / A New Hire for MAXEX / Correction

October 15, 2019
Paul Muolo

One servicing advisor told us he anticipated his clients (smaller shops) would likely take a hit of 2 to 5 bps on their MSRs, but it looks like the big boys are reporting numbers that are worse than that...


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Short Takes: Chase Issuing CRT on Jumbo Pools / New Rez Weathering MSR Markdowns / Leadership Turnover in HUD Housing Programs

October 11, 2019
Dennis Hollier

Maren Kasper Leaving Ginnie Mae

October 11, 2019
Paul Muolo

Sources indicated that Kasper was hoping to be nominated as permanent president; but, in what has become a pattern for the Trump administration, the nomination notice never came.


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Short Takes: Clearing the Decks for GSE R&R / Fannie and Freddie and Their Investment Bankers? / Help Wanted: Congressional Affairs Specialist at the FHFA / In the Spotlight: MFA Financial

October 10, 2019
Paul Muolo

By now, everyone knows the Federal Housing Finance Agency plans to hire an investment banking firm to assist with recap and release plans, but what about the GSEs?


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Originations are Strong but Lenders are Careful to Hire

October 10, 2019
Paul Muolo

There's a strong demand out there for mortgage processors, but overall, residential-related hiring has been tepid...


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