Short Takes: President Trump Wants to Do What? / The Mother of All Servicing Asset Writedowns / loanDepot’s New Warehouse Securitization / Investment Property MBS from AMIPM / HMDA Relief via the CFPB May 2, 2019 Paul Muolo Just think what a 100 basis point cut in interest rates would do to the mortgage market...Read More
IRS Modernization Bill Gains Traction. Mortgage Implications? May 2, 2019 Brandon Ivey Among many other IRS reforms, the bill would modernize the Income Verification Express Service.Read More
AEI Blames FHA Volume Decline on TOTAL. MBA Says Pinto Is Wrong May 1, 2019 George Brooks However, the Mortgage Bankers Association disagrees with Pinto’s findings...Read More
Ginnie Mae Picks SOFR as the Index Replacing LIBOR April 30, 2019 Paul Muolo Amherst Pierpont Securities worked with Ginnie on the SOFR tranche…Read More
NLRB: Quicken Justified in Firing Employee after Foul Language Incident in Bathroom April 30, 2019 Brandon Ivey The National Labor Relations Board sided with Quicken Loans in the dispute...Read More
In the Name of Nonbank Liquidity, Caliber CEO Das Floats GSE, FHLB Involvement April 30, 2019 Paul Muolo Nonbank liquidity: a real issue or something else?Read More
Short Takes: A Bill to Stop Lobbying by the GSEs / Who Said They Were Lobbying? / Redfin Mortgage Continues to Expand / Pending Home Sales Increase (Slightly) / Incenter Hires Whole Loan Trading Chief April 30, 2019 Paul Muolo Are GSE officials lobbying Congress?Read More
Short Takes: President Trump to the Rescue (On Rates)? / Then Again, If Stocks Crumble / Warehouse Risk? / Sales Commissions Continue to Rise / New Hires for Greystone April 29, 2019 Paul Muolo Sales commissions for retail loan originators totaled 111 basis points last year, according to a tally from MBA...Read More
The GSE (Lender) Front-End Risk-Sharing Tally for 2018: Just $49 Billion April 29, 2019 Paul Muolo The $49 billion reading is miniscule when compared to GSE total issuance of volume of $781 billion last year.Read More
Quicken Clarifies: Despite a Court-Appointed Mediator, It Has No Plans to Settle FCA Case April 29, 2019 George Brooks Quicken vehemently denied the accusation and in April 2015 filed a lawsuit in federal district court in Detroit, accusing the government of “arbitrary and capricious conduct and misuse of power to extort money from lenders.”Read More
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