Coming Soon and Causing Agita: CECL June 4, 2019 George Brooks CECL requires expected losses to be anticipated long before actual evidence of a loss can be recognized… Read More
NAR Advises FHFA Chief Against ‘Aspirational’ Attempts, Curtailing the GSE Footprint June 4, 2019 Paul Muolo NAR: FHFA must allow Fannie and Freddie to meet their public mission of supporting liquidity and broad access...Read More
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
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