With its Stock Price Fading, Mr. Cooper Says: We’re Okay but Thanks for Asking June 3, 2019 Paul Muolo Declining interest rates can be good news for lenders, but bad news for servicers... Read More
Expect a GSE Stock Sale by Early 2020? June 3, 2019 Paul Muolo Investment banking fees on a Fannie/Freddie stock sale could be enormous…Read More
What We’re Hearing: Waiting on Treasury’s GSE RFP / And the Advisory Contract Goes To… / Who Is Andrew Olmem? / Angel Oak’s New MBS / Losing Faith in Mr. Cooper (The Mortgage Company, Not the Teacher) / Hindman: Banks Fail When it Comes to Social Media May 31, 2019 Paul Muolo Will institutional investors like Berkshire Hathaway line up to buy a new class of stock issued by Fannie Mae and Freddie Mac? We may know soon... Read More
Non-QM Lenders and MBS Investors Looking to Regulators for Certainty May 31, 2019 Brandon Ivey Participants in the non-QM market are looking for guidance from federal regulators regarding the future footprint of the GSEs...Read More
CBO: The 2020 Cohort of HECMs will Cost Uncle Sam $350M May 31, 2019 George Brooks CBO analyzed four approaches to altering HECM guarantees, including slowing the growth of the borrower's principal limit... Read More
The CFPB’s First Mortgage-Related Action Under Kraninger: Specialty Servicer BSI May 30, 2019 Yemeng Yang BSI is a speciality servicer that focuses on non-agency loans, but also processes Fannie/Freddie/FHA/VA paper... Read More
State Authorities Haven’t Given Up on Regulating Nonbanks May 30, 2019 Brandon Ivey State regulators have not forgotten about nonbank lenders and servicers, not in the least...Read More
Short Takes: At Freddie, the Brickman Era is About to Start / Coming Up: the 11th Anniversary / Past GSE CEO Salaries, No Cap / Why They Do It / Investing in Solar Panel Loans / It’s All About the Interest Rate May 30, 2019 Paul Muolo The year prior, Fannie CEO Daniel Mudd earned $11.6 million while Freddie's chief Richard Syron took home $18.3 million, but a large chunk of their pay included stock... Read More
MBS Trading Volume Declines as Investors Worry About Rates, Speeds May 29, 2019 Paul Muolo The strongest MBS trading month of the year came in March at $269.9 billion... Read More
Short Takes: First American’s Systems Exposed? / Forensic Team Hired / Whatever You Do, Don’t Treat Your Employees Like Family / Another New Hire for FHFA / GSE Preferred Shares Repaid? May 28, 2019 Paul Muolo FHFA hires a new legislative affairs director...Read More
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