Ginnie Mae Exploring ‘Non-Traditional’ MSR Ownership June 11, 2019 Paul Muolo Ginnie, it seems, is looking for assurances from “capital providers,” whomever they may be… Read More
Ginnie Mae MBS Issuance Jumps 18% in May June 10, 2019 John Bancroft In May, the top three Ginnie MBS issuers were PennyMac, Freedom Mortgage and United Wholesale Mortgage… Read More
What We’re Hearing: A Speculator’s Dream (or Nightmare) / Feeling Good These Days: Warehouse Banks and their Customers / Habib Sees a Recession Coming / Throwing Cold Water on a Quick Stock Sale by Fannie and Freddie June 7, 2019 Paul Muolo A Fannie/Freddie stock sale could take three to four years, says Raymond James & Associates in a new report...Read More
Agency MBS Issuance for May: $116 Billion, the Best Reading of the Year June 7, 2019 John Bancroft Fannie Mae led the pack with $43.58 billion in MBS issuance last month, a 32.9% jump from April... 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
MBS Trading Volume Declines as Investors Worry About Rates, Speeds May 29, 2019 Paul Muolo The strongest MBS trading month of the year came in March at $269.9 billion... Read More
FHA/VA Loan Quality Turns Riskier in 1Q19 May 28, 2019 John Bancroft In the FHA market, the average credit score for refi loans fell to just 659.5 in the first quarter, compared to 668.8 for purchase loans…Read More
Short Takes: What We Talk About When We Talk About GSE Reform / MGIC Executive Departs / Winter is Coming, and So is a Recession / All Clear on (Ginnie) Liquidity Issues / Thrift Executive Indicted in Manafort-Related Case May 24, 2019 Paul Muolo Good news/bad news: Rates are likely headed lower but a recession is on the way...Read More
HUD Secretary Carson Grilled by the HFSC May 22, 2019 George Brooks Asked to explain about debenture interest curtailment penalties and why servicing FHA nonperforming loans is more expensive than those of the GSEs, Carson replied: “I have not had that discussion. I will look it up.”Read More
Short Takes: Profiting from GSE Reform / REO v. OREO / Hey, Did You Know What the Hippocampus Is, Wise Guy? / FHA Recovery Rates Can Vary / Chimera Preps New MBS Deal May 22, 2019 Paul Muolo In some reporting circles, OREO stands for "other" real estate-owned...Read More
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