Short Takes: A Fannie-Freddie IPO? Not So Fast / $20 a Share? / When in Doubt, Pick the White Guy Category / If Cordray Was Running the CFPB… / New Hires for Waterstone, LoanLogics June 6, 2019 Paul Muolo If Democratic-appointee Richard Cordray was still in charge at the CFPB would the Freedom Mortgage fine be larger?Read More
Agency ‘Jumbo’ Production Plunges 21% in 1Q19 June 6, 2019 John Bancroft Meanwhile, non-agency jumbos accounted for 18% of primary market originations, up from 17.6%...Read More
Short Takes: A Refreshing Assessment from Freddie’s Don Layton / Hey, Let’s Build an AU System Everyone Can Use (Maybe Not) / FHFA Pulls the Plug on Rate Survey / Booming Loan Originations. However… / CHLA Hires Industry Vet Willison June 5, 2019 Paul Muolo Freddie CEO Don Layton: "People tell me, ‘Well, let’s have a common AUS that everyone can use.’ My only data point on that is that to have a common system on the backend for the security (UMBS) took seven years and $2 billion to build…”Read More
Potential Borrowers Overestimate Mortgage Qualification Requirements June 5, 2019 Brandon Ivey Even current mortgagors don't know the minimum requirements...Read More
Short Takes: A Lower Production Read on LOs / FHFA Chief Weighs in On Affordable Housing Creation / Thinking About What Gordon Gekko Once Said / Civic Launches Correspondent Initiative / Wholesale v. Correspondent June 4, 2019 Paul Muolo and Brandon Ivey If only we had more GSE charters...Read More
California Still the Mother Lode for Fannie and Freddie June 4, 2019 John Bancroft The top three states in GSE business: California, Texas and Florida...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
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
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