Nonbanks Contemplate Raising Debt. But Can They? June 15, 2017 Paul Muolo Two years ago, Quicken Loans sold $1.25 billion worth of corporate bonds at a yield of 5.75 percent for 10 years.Read More
Phoenix Selling Bulk Fannie Mae Servicing Rights June 15, 2017 Paul Muolo Bids are due June 27. Delinquencies total just 0.3 percent of the entire package.Read More
Short Takes: Atlanta Nonbank Gets its Ginnie Mae Eagle / FSR Top Heavy in Former FHFA Officials / MAXEX Wants to be a Player in Jumbos / Hunt Mortgage Hires PennyMac Official June 15, 2017 Brandon Ivey and Paul Muolo It certainly seems like the Financial Services Roundtable wants to be a key player in GSE reform... Read More
A Strong (but Balanced) Market for MSR Sales June 14, 2017 Paul Muolo The Ginnie MSR market has been in the tank the past two years, but has revived somewhat this spring…Read More
In Wake of Accounting Problems, Walter/Ditech Discloses ‘Waivers’ From Warehouse Lenders June 14, 2017 Paul Muolo Walter’s warehouse providers include Wells Fargo and Credit Suisse, among others.Read More
Marketplace Lender SoFi Files for Bank Charter. Is an IPO in the Wings? June 14, 2017 Paul Muolo Last year, SoFi received approval to become a Fannie Mae seller/servicer.Read More
Short Takes: Lending to Real Estate Agents? / An Industrial Bank Charter / SoFi’s Purchase of Zenbanx / Apps Rise / C&C Moves Into Reno June 14, 2017 Paul Muolo And a business plan is born: lending money to real estate agents... Read More
Trump-Mandated Report on Regulatory Reform has Treasury Blaming Dodd-Frank for Tight Mortgage Credit June 13, 2017 Paul Muolo The Treasury Department says it’s possible that originations are being stifled by caps on points and fees charged to borrowers.Read More
No Mortgage/GSE Reform This Year, Maybe No Bill Either June 13, 2017 Paul Muolo Last month, Federal Housing Finance Agency Director Mel Watt said he’s prepared to allow Fannie and Freddie to build some type of capital buffer to avoid a Treasury draw…Read More
Short Takes: Why Treasury Dislikes the CFPB (More) / CID Abuses Alleged / Democrats Strike Back / Fannie Mae About to Lose its General Counsel / A New Hire for Opes June 13, 2017 Paul Muolo Looks like Fannie Mae's general counsel is headed to the U.S. Treasury...Read More