Private MI Firms Essent, NMI on a Capital-Raising Spree June 12, 2020 Maria Volkova and Paul Muolo FHA may be having a tough time with forbearance requests, but the PMI sector is doing fine: Two firms recently tapped the capital markets.Read More
Impac Returns with a Renewed Focus on FHA, More June 12, 2020 Paul Muolo The struggling lender has kick-started its operation, including a menu of FHA loans. Read More
Short Takes: Quicken’s IPO, What Possibly Could Go Wrong? / Rock Solid Origination Margins / Post 2021? / Knock, Knock. Hi, We’re From Wall Street / Calabria’s Wise Observation June 12, 2020 Paul Muolo An island in the COVID-19 storm; Mortgage banking...Read More
A Rush to Buy Out Delinquent Loans from Ginnie Pools? June 11, 2020 Paul Muolo There’s a growing fear that Ginnie Mae buyouts may soon spike as nonbanks join the “party” to protect themselves.Read More
What Pandemic? Invitation Homes Raises Almost $400 Million June 11, 2020 Paul Muolo Coming off a decent first quarter, Invitation Homes was able to raise almost $400 million through an additional offering of common.Read More
FHFA Asks the GSEs to be Vigilant About Fast Prepays June 11, 2020 Paul Muolo To ensure the uniform MBS is a “continued success,” the FHFA has asked Fannie and Freddie to be watchful of “key patterns and measures.” Read More
Mortgage Grapevine: Nonbank Liquidity Now a Non-Issue / Calabria on the Job June 11, 2020 Paul Muolo The MBS liquidity crisis is over. Was it ever serious? We may never know and you can thank the Federal Reserve.Read More
Lenders Ponder FHA LLPAs. Reason: Forbearance June 11, 2020 Paul Muolo Others blanched at the price tag and are now pondering whether they should install new loan-level price adjustments, something FHA would not welcome.Read More
Short Takes: Forbearance Servicing: A Profit Center / Temporary Status / LoanCare is Swamped / PennyMac’s Share Buyback / A Slight Decline in Ginnie Issuance June 11, 2020 Paul Muolo PennyMac Financial, the nation’s fourth largest originator, repurchased 7 million shares of common, a move that reduces its unit count by 8.5%.Read More