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Short Takes: GSE Investors Happy (For Now) / How Much Did the Blueprint Change? / Loan Limits on GSE MF Loans? / JPM’s Investment Property MBS / Insellerate Hires Ex-Ellie Mae Official

September 16, 2019
Paul Muolo and Brandon Ivey

One Fannie/Freddie historian reminded us recently that there used to be a conforming loan limit for GSE multifamily loans. The big question: Why did it disappear?...


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Short Takes: Light Moments at the Senate Banking Committee / Agencies Offer Guidance for Dorian Victims / First-Time Homebuyer Demographics / CFPB Taking Applications

September 11, 2019
Dennis Hollier

Treasury Secretary Steven Mnuchin gets an earful from Louisiana's colorful "junior" senator.


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Short Takes: When In Doubt, Go With the Third-Party Valuation / When IOs Suffer in Value / After the Refi Boom is Gone / Don’t Forget About Ginnie / GR Hires New VP

September 3, 2019
Paul Muolo

The big question: What happens when this refi boom ends? Is it too early to ask?


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FHFA Orders Base Pay Caps at Fannie and Freddie. Meaning?

August 30, 2019
Paul Muolo

Some industry observers wondered about the timing of the disclosures, given the imminent release of the Treasury Department’s GSE reform plan. One former Fannie executive told IMFnews: “There will be big shakeups at Fannie and Freddie if they cap all in comp at $600,000.”


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Short Takes: The Underbelly of Ultra Low Rates / Ditech Reorg Plan Hits a Snag / Eventually … / Borrowing Against the MSR Asset / Waterstone Names a New CEO

August 29, 2019
Paul Muolo

According to a new report from DBRS, more owners of servicing rights are opting to issue debt backed by their MSR portfolios.


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Short Takes: What if Congress Hates the GSE Reform Plan? / Options Will be Presented / In the End, a Dud? / Watching the 10-Year Treasury / New CEO Named at Academy Mortgage

August 28, 2019
Paul Muolo

But in the end, will an administrative plan of some type actually be implemented? Just because it’s released that doesn’t mean it’s a mandate


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What We’re Hearing: Loan Brokers, the Swagger is Back / Hiding From Wholesale: Most Banks / What Would Jamie Dimon Say? / Olmem is the Man / Lifting the Pay Cap on GSE CEOs?

August 23, 2019
Paul Muolo

One GSE-related question that hasn’t been answered yet: If a recap and release plan becomes a reality, will Congress end the $600,000 pay cap on GSE CEO compensation? 


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Boom Times for Better.com: Originations Spike, Firm Raises $160M. And ‘Help Wanted’ Too

August 23, 2019
Brandon Ivey

Better.com President Jerry Selitto told Inside Mortgage Finance the firm hopes to add 400 additional employees by yearend. Some of its workforce is in India…


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Short Takes: Complicating GSE Reform? (Which is Already Complicated Enough) / Private Pricing? / Not Worrying About Debts and Deficits / Not in Kansas Anymore: Bair Named to Fannie’s Board / Two New Board Members for TMC

August 22, 2019
Paul Muolo

At Fannie Mae, former FDIC chief Sheila Bair will serve on three board committees: compensation, nominating and corporate governance.

 


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Lenders Face Capacity Issues. Brother, Can You Spare an Underwriter?

August 22, 2019
Paul Muolo

Most of those interviewed said the third quarter will be stronger than the second in terms of origination volume...


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