Short Takes: Why the GSE Net Worth Sweep Won’t be Reversed / Recap and Release? / A Much-Watched Profit Reading / Starwood and Impac, a Symbiotic Relationship / Bank Failures, Anyone? / Reverse Lender Hires Sales Chief March 19, 2019 Paul Muolo and Brandon Ivey Each quarter, GSE profits reduce the federal budget deficit. If that cash is forfeited...Read More
Worried About Risk, FHA Seeks to Mitigate Decreasing Credit Scores, More… March 18, 2019 George Brooks Changes to the agency’s TOTAL Mortgage Scorecard, go into effect March 18...Read More
Genworth Sale Continues to Drag On, Ninth Waiver Granted March 18, 2019 Paul Muolo The sale of Genworth was first announced in October, 2016…Read More
Short Takes: A New Wave of Optimism? / Value Your CFO / Feds Plan Community Hearings on BB&T-SunTrust Deal / MFA Buying Plenty of Whole Loans. Can An MBS Be Next? / Former HUD Official Pam Patenaude Lands March 18, 2019 Paul Muolo Mortgage REIT MFA Financial, New York, bought roughly $1 billion worth of loans during the fourth quarter...Read More
What We’re Hearing: The Changing of the Guard at the FHFA / A Deep Resume / Retained Capital for Fannie and Freddie, a Matter of When? / The Holy Grail / Impac Mortgage, Act III / FHA Moves to Sure Up its Book March 15, 2019 Paul Muolo An increase in retained earnings is a pre-cursor to GSE “recap and release,” or as Fannie/Freddie investors call it, the Holy Grail…Read More
FHFA’s Otting in a Position to Bolster the Non-Agency Market March 15, 2019 Brandon Ivey SIFMA’s Daniel Goodwin: “Financial regulators must create a level playing field so that entities like the GSEs do not enjoy capital benefits that add to the tilting of the market…”Read More
SBC Chairman Crapo Schedules Two Days of Hearings on GSE Reform March 14, 2019 Paul Muolo NAR would like to see Fannie and Freddie restructured as tightly regulated shareholder-owned utilities...Read More
CFPB Promises to Resolve GSE ‘Patch’ Responsibly March 14, 2019 Yemeng Yang In January, the CFPB released a five-year look-back report assessing the implementation and effect of the ability-to-repay rule… Read More
Lender Diversity, Inclusion Activities on CFPB’s Radar Screen March 14, 2019 Yemeng Yang The letters refer to the diversity and inclusion standards issued by the agency in 2015...Read More
Short Takes: Not the Best Written Indictment? (Manafort) / Bought for $3 Million but Worth $8 Million a Few Years Later / Rates Move Lower / Applications Move Higher / PennyMac’s $200 Million Stock Sale / A New Hire for Gateway Mortgage March 14, 2019 Paul Muolo Thanks to declining interest rates, lenders are feeling more optimistic these days...Read More
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