Short Takes: Ginnie Executive Accused of Leaking Info / Preferential Treatment Too / No Charges Brought / Blackstone Executive Quits FoA Board Immediately January 3, 2023 Paul Muolo The IG came to the conclusion that the SVP violated agency regulations and referred the matter to DOJ...Read More
A (Bit of a) Rare Breed: A Securitization Backed by Open-End HELOCs December 30, 2022 Paul Muolo CMG is a privately held nonbank lender/servicer controlled by industry veteran Chris George.Read More
Headed Lower: MBS Trading Volumes... December 30, 2022 Paul Muolo In November, just $81.9 billion of MBS backed by single-family loans was issued by Fannie Mae, Freddie Mac and Ginnie Mae.Read More
Short Takes: It’s Over, Finally (2022) / By the Numbers / Once the Rightsizing Is Over… / $1.3 Trillion / Rising Inventory / A Day Off December 30, 2022 Paul Muolo There’s an argument to be made that once the tough job of right-sizing is over, profit margins will once again normalize...Read More
In the Market for MSRs Backed by HECMs? You’re in Luck… December 29, 2022 Paul Muolo The portfolio is currently being subserviced by Compu-Link...Read More
FHFA Hikes the Asset Cap for CFIs December 29, 2022 Paul Muolo The Bank Act was amended in 2008 to set the statutory cap at $1.0 billion...Read More
Short Takes: More Jumbo Worries? (Redfin Report) / Sell at Least One Mansion? / How to Finance NBA Ownership / 17 Comment Letters on New Product Approvals December 29, 2022 Paul Muolo and Namrata Bhatia During the mortgage boom of 2020-2021, some mortgage CEOs went on a mansion-buying spree.Read More
loanDepot Amends Borrowing Lines With Signature, NexBank December 28, 2022 Paul Muolo The collateral for the LOCs: Freddie Mac MSRs...Read More
Its Share Price at 15 Cents, Impac Finds a New (Much Smaller) HQ December 27, 2022 Paul Muolo Impac's share price is down to 15 cents.Read More
Now-Defunct HECM Lender RMF Ranks Fourth Overall December 27, 2022 Paul Muolo The most significant Ginnie-related collapse since TB&W?Read More