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Agency Servicing Grows in 4Q18 but Banks Say No to the Party

March 21, 2019
John Bancroft
The only soft spot was in the servicing for non-agency mortgage-backed securities…
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Short Takes: The Supremes Rule on Foreclosures and the FDCPA / It’s Good to be King, Unless You’re the CEO of Freddie Mac / Angel Oak Bolsters Office Space Big Time / Tennessee Bank Looking for Non-QM Loans / Two New Directors for Fannie / Correction: Fre

March 21, 2019
Brandon Ivey and Paul Muolo
Based on Freddie’s annual profits, CEO Don Layton is probably one of the two most underpaid bosses in the world of finance. Soon that distinction will belong to David Brickman...
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Senate Banking Committee Unveils Lineup for Two Days of GSE Reform Hearings

March 20, 2019
Dennis Hollier
When it comes to GSE reform, it's never too early to call 12 witnesses...
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Short Takes: Getting the Industry’s Pulse on GSE Reform / Who Gets to Lead? / Why Phillips Didn’t Get the FHFA Job / The Battle for Risk / Selling Shares in Invitation Homes / Radian Names Dave Stevens to Its Board

March 20, 2019
Paul Muolo and George Brooks
Who knows more about GSE reform: the White House or Treasury? We get a sense the two parties don't see eye to eye on everything...
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Short Takes: Why the GSE Net Worth Sweep Won’t be Reversed / Recap and Release? / A Much-Watched Profit Reading / Starwood and Impac, a Symbiotic Relationship / Bank Failures, Anyone? / Reverse Lender Hires Sales Chief

March 19, 2019
Paul Muolo and Brandon Ivey
Each quarter, GSE profits reduce the federal budget deficit. If that cash is forfeited...
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What We’re Hearing: The Changing of the Guard at the FHFA / A Deep Resume / Retained Capital for Fannie and Freddie, a Matter of When? / The Holy Grail / Impac Mortgage, Act III / FHA Moves to Sure Up its Book

March 15, 2019
Paul Muolo
An increase in retained earnings is a pre-cursor to GSE “recap and release,” or as Fannie/Freddie investors call it, the Holy Grail…
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REITs Add to Agency MBS Holdings, Non-Agency Down

March 15, 2019
John Bancroft
Agency securities accounted for $26.4 billion of the growth in REIT MBS holdings over the course of the year…
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FHFA’s Otting in a Position to Bolster the Non-Agency Market

March 15, 2019
Brandon Ivey
SIFMA’s Daniel Goodwin: “Financial regulators must create a level playing field so that entities like the GSEs do not enjoy capital benefits that add to the tilting of the market…”
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SBC Chairman Crapo Schedules Two Days of Hearings on GSE Reform

March 14, 2019
Paul Muolo
NAR would like to see Fannie and Freddie restructured as tightly regulated shareholder-owned utilities...
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CFPB Promises to Resolve GSE ‘Patch’ Responsibly

March 14, 2019
Yemeng Yang
In January, the CFPB released a five-year look-back report assessing the implementation and effect of the ability-to-repay rule…
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