And the MSR Deals Keep Coming. IMA Selling a $10B-Plus Bulk Package June 21, 2018 Paul Muolo At $10.3 billion, the package is believed to be one of the largest in the auction market right now.Read More
loanDepot Employees Discuss the Amazon Rumor. But is it True? CEO Calls it a ‘Good One’ June 21, 2018 Paul Muolo If the deal comes off, loanDepot employees will receive free Amazon Prime accounts…Read More
Short Takes: Sounds Logical, Right? / Warning: More Mortgage M&A Ahead / Fannie Warns about Cost-Cutting / Ginnie Wants to Know… / loanDepot Gets a Chief Innovation Officer / FannieMae.com June 21, 2018 Paul Muolo When it comes to counter-party risk, Ginnie Mae isn't messing around... Read More
Surprise: White House Publishes Ideas for Ending the GSE Conservatorships June 21, 2018 Paul Muolo The Trump blueprint would remove the federal charter from statute and fully privatize the government-sponsored enterprises.Read More
Tight Profit Margins and Lower Originations Fuel Speculation on Company Closures June 20, 2018 Paul Muolo “I think we’re going to see a bunch more failures,” said Dan Perl, CEO and founder of non-QM lender Citadel Servicing…Read More
Cowen: FHFA Chief Watt Won’t Act on a Capital Restoration Plan for the GSEs. However, Team Trump Might June 20, 2018 Paul Muolo But Cowen also offers up a ray of hope to GSE “recap and release” backers…Read More
Incenter and MIAC Out With Bulk MSR Auctions June 20, 2018 Paul Muolo The delinquencies on the MIAC package total 5.3 percent…Read More
Short Takes: Wholesale Profit Margins Under Pressure Too? / Commercial Bank Seeks MB / A New IO MBS from JPM / An Update on Ex-FGMC CEO Peters / New Hires for Two Harbors, Walker & Dunlop June 20, 2018 Paul Muolo and Brandon Ivey All of the loans in the new JPM deal were originated by First Republic Bank, with seasoning of seven years...Read More
Nine Groups Want Fannie and Freddie to Have a Regulatory-Mandated Capital Restoration Plan June 19, 2018 Paul Muolo Consultant Joshua Rosner of Graham-Fisher said the letter is significant because it marks the first time that the ICBA has joined with civil rights groups and housing organizations on a GSE-related matter.Read More
Financiers Take an Interest in Non-QM Sector. Cantor Fitzgerald Making the Rounds June 19, 2018 Paul Muolo At least two foreign-based investment banks are ready to enter the non-QM market...Read More