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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...


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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...


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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.


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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?


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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...


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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.


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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.


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New Capital Rule Sets the Stage for GSEs to Exit Conservatorship

May 21, 2020
Dennis Hollier

Next stop: The Fannie/Freddie re-IPOs?


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Deputy HUD Secretary Montgomery: A ‘Significant’ Number of FHA Loans Will Go Into Forbearance

May 20, 2020
Paul Muolo

FHA's policy statement could see the light of day next week, or not...


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FHFA Closes Loophole in Forbearance Rules

May 19, 2020
Dennis Hollier

FHFA Director Mark Calabria: “Homeowners who are in COVID-19 forbearance but continue to make their mortgage payment will not be penalized. Today’s action allows homeowners to access record low mortgage rates and keeps the mortgage market functioning as efficiently as possible.”


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