Originations Slowing in 4Q20? Don’t Bet On It November 30, 2020 Paul Muolo “Applications are staying strong,” said Paul Rozo, CEO of Paramount Residential Mortgage Group, Corona, CA. “Rate-locks have been smoking leading up to the election and post-election as well, which is nice.” Read More
Short Takes: Another Candidate for the HUD Job… / A Clean Audit for FHA / REITs and GSE Loan Limits for 2021 / A New EVP for GHMC November 30, 2020 Maria Volkova and Paul Muolo BFIG says, "All mortgage REITs invested in residential credit usually benefit" from stronger home-price appreciation... Read More
Talkot Capital Lists Stake in Impac at 2.23% November 30, 2020 Paul Muolo In the third quarter Impac posted net earnings of $1.6 million compared to a loss of $22.8 million in 2Q20...Read More
Loan Traders Active in Ginnie EBOs November 25, 2020 Paul Muolo Interest in Ginnie Mae EBOs is so strong that a secondary market has developed for the product. Read More
Short Takes: A Gain for Loan Brokers / Will Depositories Ever Return to Wholesale? / Buy High (Coupon)? / The Return of Paul Reddam / The Thanksgiving Break November 25, 2020 Paul Muolo A question for the Thanksgiving dinner table: Will federally insured depositories ever return to the whole channel in a discernible fashion?Read More
An Auction is Set for Ginnie Mae EBOs November 25, 2020 Paul Muolo One veteran trader said he’s seeing “lots of smaller [EBO] pools” in the market...Read More
Rising Once Again: Ginnie Mae Buyouts November 25, 2020 Paul Muolo Led by PFSI and Quicken, some of the nation’s largest nonbanks are entering the Ginnie EBO arena. More to come? Read More
Grapevine: Yellen, Phillips, Calabria and the GSEs... November 25, 2020 Paul Muolo A new White House and a new Treasury secretary means exactly what for Fannie and Freddie? We’re about to find out...Read More
As More IPOs Hit the Market, The Risk Question Is Asked November 25, 2020 Paul Muolo As more nonbanks announce their Wall Street plans, state regulators once again wave the flag on risk.Read More
Originations Show Few Signs of Slowing in 4Q20 November 25, 2020 Paul Muolo We’ll never seen another quarter like 3Q20 again, right? Not so fast. Nonbank managers report that business is hardly slowing as 2020 winds down. Read More