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Short Takes: On the GSE Gas Pipe: Cash-out Refis? / A Mouthwatering Wholesale Market Share for UWM / Non-QM Funders Move Up / ‘Linked-Notes’ from MGIC / Mortgage Apps Up, New Homes Sales Down

May 23, 2019
Paul Muolo

Should Fannie and Freddie be allowed to purchase and securitize cash-out refis?


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National Flood Bill Advances

May 23, 2019
George Brooks

Since the program’s multi-year authorization expired on Sept. 30, 2017, partisan bickering has led Congress to pass 10 short-term extensions...


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State Regulators Still Plan to Set Standards for Nonbanks

May 23, 2019
Brandon Ivey

State regulators proposed standards for nonbanks in 2015 but there was no follow-through. However, the issue is alive and well thanks to the incoming chairman of the Conference of State Bank Supervisors.


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HUD Secretary Carson Grilled by the HFSC

May 22, 2019
George Brooks

Asked to explain about debenture interest curtailment penalties and why servicing FHA nonperforming loans is more expensive than those of the GSEs, Carson replied: “I have not had that discussion. I will look it up.”


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Mortgage Industry Digests Calabria’s Remarks. No Details (Yet) on Recap & Release

May 21, 2019
Paul Muolo

FHFA Director Mark Calabria: "For instance, we are actively reviewing all recent expansions into new markets and activities to put an end to the era of charter creep."


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A Government Agency Hooked on Using Private Contractors: Ginnie Mae

May 21, 2019
George Brooks

GAO: Ginnie Mae does not fully understand the relative costs of its reliance on contractors...


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Short Takes: HUD on Regulatory Reform / Shrinking Not on the Table / AGNC Investment / MSR on Bid / Foreclosure Activity Down

May 17, 2019
Yemeng Yang
Trade Groups talk with HUD and Ginnie on Regulatory Reform...
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Controversial Fair Lending Chief Quits the CFPB

May 16, 2019
Yemeng Yang

Blankenstein, a political appointee, was hired by former CFPB acting Director Mick Mulvaney to oversee the supervision and enforcement...


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Short Takes: Great Expectations? / One Stock You Can Bet On / How Big Is PIMCO in Mortgages? Very Big / Another Departure at Ginnie Mae

May 16, 2019
Paul Muolo
Finding value in GSE equities: It's complicated...
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Economists at the NAR Show: Not So Fast, Mr. Calabria

May 16, 2019
Dennis Hollier
New FHFA director Mark Calabria spoke at the NAR legislative conference this week and then economists on a later panel picked apart his ideas...
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