Short Takes: Exiting a GSE Investment / The Fed Likely Will Greenlight the BB&T-SunTrust Merger / No. 9 / Please, Just Don’t Pick a Name Like Mr. Cooper / How Much Lower Can Ditech Go? / CoesterVMS? February 11, 2019 Paul Muolo The big unknown about the merger: Once completed, what name will the new bank and mortgage company take? Read More
What We’re Hearing: Salivating at the Prospect of a Fannie-Freddie Stock Offering? / Mulvaney Again / Waiting in the Wings for Treasury’s GSE Assignment? / What Could Stand in the Way? / MI Roundup / Wells Fargo, the MBS King / A New Legislative Hire for February 8, 2019 Paul Muolo But one thing is certain: the Trump White House is not monkeying around with GSE reform...Read More
Calabria’s FHFA Nomination Hearing Set for Feb. 14 February 8, 2019 Paul Muolo Calabria has firm support among Republicans on the SBC and the backing of Senate Minority Leader Mitch McConnell...Read More
MBA Issues Primer for Smooth LIBOR Transition February 8, 2019 George Brooks MBA wants lenders to act early on issues identified in the primer to ensure transition to a new benchmark rate is as seamless as possible.Read More
Bill Introduced to Install an Independent IG at the CFPB February 8, 2019 Yemeng Yang Currently, the bureau shares an inspector general with the Federal Reserve...Read More
BlackRock’s Stake in Ocwen Financial: 6.3%. Meaning? February 7, 2019 Paul Muolo Ocwen would like to buy mortgage servicing rights once again, but…Read More
Short Takes: Hoping and Praying for the Right GSE Outcome / Contemplating a Settlement by the Government / Setting the Table for a Merger / #9 Mortgage Dream: SunTrust-BB&T Deal / IMA’s Bulk MSR Deal February 7, 2019 Paul Muolo Open hostility toward the government's GSE case?Read More
Mnuchin: Treasury Prepared to Go It Alone on GSE Reform February 6, 2019 Dennis Hollier and Paul Muolo Treasury’s GSE plan is being shaped by Senior Treasury Counselor Craig Phillips, who cut his teeth on Wall Street as an MBS trader…Read More
Civil Rights Groups Up in Arms Over Crapo’s GSE Reform Plan February 6, 2019 Paul Muolo CRL and other groups noted: “To date, Congress has exercised extreme caution in repairing the housing finance system…”Read More
Short Takes: About That Net Worth Profit Sweep… / A Permanent Ginnie President? / LOs Tell the Fed: Loan Demand is Weaker / A Lack of Experienced Underwriters for Non-QMs / A New Loan Officer at Castle & Cooke February 6, 2019 Paul Muolo and Brandon Ivey Unless a change is made to the terms of their “bailout,” Fannie and Freddie will upstream most of what they earn to Treasury by the end of March...Read More
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