The GSEs’ ‘Re-IPO,’ Not Exactly a Slam Dunk June 8, 2020 Dennis Hollier To some, the rule's $243 billion minimum leverage capital requirement means the GSEs can’t generate enough profits to attract investors... Read More
FHA Releases ‘Temporary’ Forbearance Policy, Wants 20% Indemnification June 5, 2020 Paul Muolo The lender becomes liable for the indemnification payment if the property goes into foreclosure and results in a claim to the Mutual Mortgage Insurance Fund. Read More
Short Takes: When Unemployment Feeds Forbearance / More on Freddie’s New CFO / Freedom’s MSR Financing Line / Impac’s New Subsidiary / Moving Back a Convention June 4, 2020 Paul Muolo The new unemployment report from Uncle Sam is out Friday morning. It will not be pretty...Read More
Time to Ease Disclosure Norms for Non-Agency MBS? June 4, 2020 Brandon Ivey To boost public issuance of non-agency MBS, the SEC is considering changing disclosure norms for the transactions... Read More
Ocwen Shareholders Approve Reverse Stock Split that Could Reach 1-for-25 June 3, 2020 Paul Muolo The ultimate goal: to reduce the number of authorized shares, which should result in a sizeable increase in the company’s share price.Read More
Short Takes: Anxious About the Self-Employed? / Two Bank Statements Required / A Very Fortunate Industry? / When A Borrower Loses Their Job / The SOFR Playbook May 29, 2020 Paul Muolo and Dennis Hollier How worried should lenders be about the self-employed and small business owners?Read More
New GSE Capital Rule Too Conservative for Investors? May 28, 2020 Among the critics of the newly issued capital framework: Don Layton, Freddie Mac's former CEO... Read More
Short Takes: Waiting on FHA’s Forbearance Policy / Getting It Right / Refi Applications Drop / Purchase Apps Spike in New York / Exec Leaves MUFG for Greystone May 27, 2020 Paul Muolo Fun fact: Refi applications are up 176% from last year.Read More
MBA Pushing Fed to Ensure Nonbank Lenders Can Access Funding Program May 27, 2020 Brandon Ivey MBA is seeking assurances that nonbank lenders can access the Fed’s Main Street Loan Program.Read More
New Capital Rule Sets the Stage for GSEs to Exit Conservatorship May 21, 2020 Dennis Hollier Next stop: The Fannie/Freddie re-IPOs? Read More
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