Short Takes: ABA Wants Explicit Guaranty on MBS / Does it Matter? / Trump Wants to Kill USDA Loan Program / Rep. Hensarling an Optimist but… / A Promotion at Arch MI May 24, 2017 Paul Muolo and Thomas Ressler In the new Trump budget, the White House takes an ax to the USDA’s rural single-family housing direct loan program. Read More
KBW Says Leave the GSE Dividend Alone, Go with More Risk-Sharing Deals May 23, 2017 Paul Muolo Meanwhile, although GSE risk sharing seems popular in some circles, FHFA itself admitted recently that some of this coverage has come at premium cost to Fannie and Freddie.Read More
Incenter Selling $2.15 Billion of GSE Servicing Rights May 23, 2017 Paul Muolo California accounts for the largest chunk of receivables at 34.9 percent.Read More
Short Takes: PHH Gets an ‘Outperform’ Rating / Woman Sentenced in Freddie Mac Fraud / A Quart of Milk with that Fannie MBS? / Title Giant Buys Auction Firm / CMC Asks for CFPB Guidance May 23, 2017 Carisa Chappell, Paul Muolo, and Thomas Ressler A new research note from Wedbush Securities calls PHH an “outperform,” but also reduces the target price on the company’s stock...Read More
MBS Trading Volume Declines to Lowest Level of the Year. Meaning? May 22, 2017 Paul Muolo The low trading volume is an indication that liquidity is drying up, but it also reflects a decline in new agency MBS being created.Read More
LendingHome Gets Fannie Mae Approvals, Hires Former Nationstar CFO May 22, 2017 Paul Muolo Since its founding in mid-2014, LendingHome has originated $1 billion in loans.Read More
Chances of a ‘Win’ by GSE Stock Speculators Dimming? May 22, 2017 Paul Muolo Since Watt’s recent testimony, GSE speculators like Pershing Square and Fairholme have been mostly quiet.Read More
Short Takes: How Well Do You Know Your Counterparties? / The Main Street GSE Reform Coalition / The Group Includes … / GSE AFH Money? / FSR Picks Government Affairs Chief May 22, 2017 Paul Muolo How well do you know your mortgage counterparties? Read More
Letting the GSEs Build a (New) Capital Buffer: The Devil’s in the Details May 19, 2017 Paul Muolo The only way Fannie and Freddie are going to lose money is if there’s a hedging loss. And even then, it will be a non-cash charge…Read More
What We’re Hearing: Let the M&A Party Begin? / Stocks Long Overdue for a Sell Off? / Walter's Tony Renzi Earns his Paycheck? / Caliber and Citadel Promote Non-QM Loans / A New Hire for Amherst May 19, 2017 Paul Muolo But can Walter/Ditech grow its lending business in a highly competitive market? Read More