The HUD Job is Settled. Next Up: Chiefs of FHA and Ginnie December 11, 2020 Paul Muolo The incoming Biden administration has picked a HUD secretary, legislator Marcia Fudge. Next up: the FHA and Ginnie Mae jobs.Read More
Rare Spottings of Ginnie Bulk MSR Deals December 11, 2020 Paul Muolo Ginnie Mae MSR auctions are a reality once again. Stay tuned. Read More
Bill Would Increase the Pool of Eligible VA Borrowers December 11, 2020 Paul Muolo The Senate passed legislation that would open up the VA loan program to members of the National Guard.Read More
Overall, Forbearance is Flat Except in Ginnies December 11, 2020 Paul Muolo High unemployment readings are fueling an increase in Ginnie forbearance. Trouble ahead?Read More
FHA Chief’s Criticism on Loan Limits No Big Deal? December 11, 2020 Paul Muolo Was FHA chief Dana Wade out of line on her criticism of the high-cost loan limit? Not really but it was (sort of) rare.Read More
Short Takes: GR’s Billion-Dollar Man / Others? / New Non-Agency MBS from Goldman, NRIC / CoreLogic Moves Closer to a Sale / LendingHome’s New CEO December 11, 2020 Paul Muolo The industry has at least $1 billion producer for 2020. We suspect there will be more...Read More
Bill Would Increase the Pool of Eligible VA Borrowers December 11, 2020 Paul Muolo VA lending, like much of the home origination market, has been on a tear this year, surpassing FHA production...Read More
Ginnie EBO Game Attracting More Than Issuer/Servicers December 10, 2020 Paul Muolo Word is out: Money can be made in the Ginnie EBO space. The strategy is attracting investment funds but it’s not as easy as you might think.Read More
Short Takes: 'Final' QM Rule is Out / Hanging in the Balance: Residential Finance / Made by Uncle Sam / Speculating in GSE Common? / Chimera’s New MBS / Fair Lending Changes? December 10, 2020 Paul Muolo, Brandon Ivey, and Yemeng Yang Betting on the right GSE outcome might be foolish, or very profitable...Read More
The Mortgage Hiring Binge Continues December 10, 2020 Paul Muolo As the year winds down, mortgage firms still need workers, especially in the back office... Read More