As the Clock Ticks Down on the GSE ‘Capital Buffer,’ Successor Plans (and Critiques) Proliferate April 28, 2017 Paul Muolo A fair question: If there’s no federal guaranty on conventional MBS will the housing and mortgage markets tank?Read More
Trump Nominates Former Housing Official Pam Patenaude to be the No. 2 at HUD April 28, 2017 Paul Muolo Patenaude also served as HUD assistant secretary for community, planning and development during the George W. Bush administration. Read More
What We’re Hearing: John Devaney Still Believes in Ocwen / How Much did the CFPB Want? / On the Rise: GSE Common / Glen Messina’s Severance Package at PHH / Expanding the MH Loan Market April 28, 2017 Paul Muolo Sources told IMFnews that the CFPB was seeking a settlement in the range of $50 million from the servicer...Read More
Mortgage M&A Percolates; Texas Advisor Working on At Least Six Deals April 27, 2017 Paul Muolo Chuck Klein of Mortgage Banking Solutions said M&A activity is “hopping along pretty good these days.”Read More
Incenter Selling Fannie/Freddie Flow Servicing Rights April 27, 2017 Paul Muolo The range on the flow or co-issuance arrangement is $35 million to $50 million per month.Read More
Short Takes: Arch Winds up with a Larger Market Share than Anticipated / Silver Point Sells Some of its Stake in PHH / No. 13 / Trading Desks Take on Nonprime / New Hires for LenderLive April 27, 2017 Paul Muolo PHH Corp. releases its first quarter results the second week of May. Read More
The Early Read: Bank Mortgage Lending Down in 1Q17, Nonbanks Fare Better? April 26, 2017 Paul Muolo It’s still early in the reporting season, but when it comes to home lending, nonbank executives seem more optimistic than their depository peers…Read More
Thanks to UGC Purchase, Arch MI Boosts Gross MI Premiums by 214 Percent April 26, 2017 Paul Muolo Arch reported primary mortgage insurance in force of $237.8 billion at March 31…Read More
Short Takes: More GSE Reform Plans / Fannie-Freddie Speculators May Make Out After All / Ocwen Gets a Break / Hey Ben, Call Your Friends in the White House and Tell Them … / This HUD Job About to be Filled? April 26, 2017 Paul Muolo Is the White House pondering HUD-related nominations?Read More
Flagstar’s 1Q17 Results: Originations and Earnings Both Fall; MSR Sales Will Continue April 25, 2017 Paul Muolo Flagstar sold $8.0 billion of residential servicing rights during the first quarter compared to $6.7 billion in the fourth quarter.Read More