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Cato Institute’s Mark Calabria Up for the FHA Job?

December 9, 2016
Brandon Ivey
If Cato's Mark Calabria becomes FHA chief, private MI firms could benefit…
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What We’re Hearing: Time to Merge HUD and the FHFA? / Short Covering Behind GSE Stock Spike? / The Quandary Over GSE CRT Deals / 387 Days Before Fannie and Freddie Run Out of Capital / New Hires for Tech Vendor

December 9, 2016
Paul Muolo
In case you’re not keeping tally, there are roughly 387 calendar days remaining before the “capital buffer” at Fannie and Freddie falls to zero on Jan. 1, 2018.
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Since the Election, Rates Have Risen 75 Basis Points but Lenders Aren’t Panicking – Yet

December 8, 2016
Paul Muolo
Then there’s the case of Bill Dallas, the industry veteran who runs Skyline Home Loans in Calabasas, CA. “Winter is coming,” he said in a brief email exchange with Inside Mortgage Finance.
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Short Takes: Putting Fannie and Freddie in Receivership? / Cashing Out of Gains on GSE Common. Anyone? / No Chatter at Lunch / Freddie’s CSP Milestone / Stonegate Hires Renovation Leader

December 8, 2016
Paul Muolo
Have any of the GSE stock speculators that bought on the cheap cashed out of their gains?
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Short Takes: Post-Crisis Non-Agency MBS Gets AAA Rating / Refi Specialists Might as Well Call it a Day? / An IPO for Invitation Homes / Ben Carson in a Museum / FICO Readings on FHA and VA

December 7, 2016
Paul Muolo, George Brooks, and Brandon Ivey
Refi specialists could be in for a word of hurt...
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Impac Confirms Layoffs at CashCall Unit. Other Firms May Follow Suit

December 6, 2016
Paul Muolo
Given the fact that rates have moved noticeably higher since the election, it’s widely anticipated that more originators will move to trim staff before yearend if they haven’t already.
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A $1.2 Million Severance Package for Former Ditech President David Schneider

December 6, 2016
Paul Muolo
Schneider has until midnight Dec. 9 to accept the severance offer from Walter Investment Management Corp., the nation’s eighth largest residential servicer.
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Short Takes: Bulk Servicing Auctions? / Rates May Fall / Congrats to Dr. Carson on Landing the HUD Job, Though Not From All / The Listener? / Ocwen Debt Exchange

December 6, 2016
Paul Muolo
The bulk servicing market has been quiet lately. But all that could change soon...
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Short Takes: What Goes Up, Must Come Down (GSE Share Prices) / An ‘Underperform’ Rating / Buy Low, Sell High Accomplished / Urban Revitalization, a HUD Goal for Ben Carson? / New Hires for Alterra Home Loans

December 5, 2016
Paul Muolo
We know one mortgage official who bought “a bunch” of Fannie Mae shares at $1.38...
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Trump Nominates Dr. Carson for HUD Secretary; Speculation Begins on FHA Premium Cuts

December 5, 2016
Cowen adds the nomination “also leaves the door open to FHA premium cuts, though the real driver of that will be the pick of an FHA commissioner.”
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