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Short Takes: GSE Stock Prices: Ouch / Juniors, Not the Common / Talk of Warren (Buffett, not Elizabeth) / Fitch Takes a Look at Freedom / New Hires at the FHFA

November 20, 2019
Paul Muolo

By the time recap and release is completed, an army of securities attorneys and investment bankers are going to rack up the billable hours…


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The Final Tally: Most Nonbanks Turned a Profit in 3Q19

November 20, 2019

Although interest rate volatility played havoc for companies with unhedged servicing portfolios, a sharply growing refinance market provided a windfall of production income.


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Radian Renews CEO’s Contract at $6.1 Million

November 20, 2019
Paul Muolo

Thornberry first joined Radian in February 2017. The MI ranks second in insurance-in-force and new insurance written...


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Guild Predicts New Company Record for Originations, McGarry Will Relinquish a Title

November 19, 2019
Paul Muolo

Guild Mortgage, the nation’s 20th largest home lender (according to a ranking by Inside Mortgage Finance), is on track to originate a record $20 billion this year…


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Correspondents Shine in 3Q19 Ranking

November 18, 2019
John Bancroft

Correspondent production of FHA/VA loans rose 25.8% from the second quarter, although retail actually recorded a higher increase.


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REIT MBS Holdings Fall Slightly in Volatile Third Quarter

November 15, 2019
John Bancroft

Only four REITs upped their agency MBS holdings in the third quarter, including New Residential Investment Corp., New York, also a large holder of mortgage servicing rights…


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FHA MMIF Capital Ratio Tops 4.8%, Highest Since Crisis

November 14, 2019
Paul Muolo and George Brooks
It was a bravura performance for the FHA’s Mutual Mortgage Insurance Fund in fiscal 2019. The MMIF ended the year with a capital ratio of 4.8%, more than double the statutory minimum.
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Short Takes: More from FHFA on GSE Compensation / Lobby Congress? Yes, Eventually / An Improving Picture for HECM Insurance / A Promotion at MGIC

November 14, 2019
Dennis Hollier, Paul Muolo, and George Brooks

FHFA Director Mark Calabria: "That might be fine for a normal company, but these are companies that are in conservatorship. They’re essentially in bankruptcy.” 


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Primary MI Volume Inches Toward New Record in 3Q19

November 14, 2019
John Bancroft

The number-one-ranked MI firm has a market share of 19.6%. The number-five-ranked shop is at 16.1%. Quite a foot race…


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FHA MMIF Capital Ratio Reaches 4.84%. HECMs Still a Drag but Improving

November 14, 2019
Paul Muolo

Based on third quarter figures compiled by Inside Mortgage Finance, FHA lending accounts for 10.17% of the overall first-lien origination market.


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