Pretium Partners, a fund managed by former Goldman Sachs official Don Mullen, is reportedly in talks to buy non-QM lender Deephaven Mortgage. Will a deal come off? Deephaven has Goldman ties as well in the form of CEO Matt Nichols, a former alum of the white-shoe investment banking firm.
The National Association of Realtors this week picked apart FHFA's plan to recapitalize the GSEs and release them from conservatorship. NAR, by the way, favors a model where the GSEs are morphed into shareholder-owned utilities.
Possibly dozens of VA lenders have been handed subpoenas from the federal government tied to VA delinquencies and possibly loan churning. Is this a fishing expedition or something more? Needless to say, lenders are worried.
New primary mortgage insurance activity was down in the first quarter of 2019, but FHA and VA managed to expand their share of the market thanks to surging refinance business. Private MIs started the year slightly ahead of the pace in early 2018.