Whatever Happened to AIG’s Spinoff of United Guaranty? We May Know More Tuesday August 1, 2016 Paul Muolo Most observers believe the UGC IPO will happen – it’s just a matter of when. Maybe in September?Read More
Here Come the Nonbank Earnings. It Could Get Ugly August 1, 2016 Paul Muolo According to KBR, falling rates trimmed MSR values by roughly 6 percent.Read More
Short Takes: In FHA Lending, We Don’t Trust / Let the FHA Condo Lending Begin! / MGIC Prepares Debt Offering / Tech Platform in Capital Raise / A Promotion at Williston August 1, 2016 Paul Muolo The new bill signed by President Obama should make condo lending a little easier...Read More
Rate Plunge at End of 2Q16 Means GSEs Likely Took Hits on Their Derivatives; But Strong G-Fee Revenue May Soften the Blow July 29, 2016 Paul Muolo Next week, the GSEs will release 2Q results and all eyes will be on the line item that reveals the net gain or loss from their derivatives, the instruments the two use to hedge their MBS positions.Read More
What We’re Hearing: Is the CFPB to Blame? / Or Maybe the Math Doesn’t Work / If Only the C&I Market Would Return / NAR is Happy with TRID 2.0 / Subprime Lending Continues to Hum / What’s Wrong with a 7 Percent Mortgage? July 29, 2016 Paul Muolo Fannie Mae recently updated its loan production estimates. The GSE projects $1.78 trillion in originations this year and $1.55 trillion next year.Read More
CIT Unveils $230 Million of ‘Additional’ Reserves Tied to Reverse Mortgage Business; HUD Probe Continues July 28, 2016 Paul Muolo Financial Freedom’s operation is the subject of an investigation being conducted by the HUD IG's office...Read More
Short Takes: Will the Last Jumbo Securitizer Left in the Business Please Turn Off the Lights / A Positive Word on Ocwen / Ocwen’s Irony / A Tidbit on One of MBA’s New Members / Strong MI Results for Arch July 28, 2016 Paul Muolo JGWHL’s parent company was recently delisted by the New York Stock Exchange…Read More
Home Point Financial Inks Deal to Buy Emery Financial’s Assets July 27, 2016 Paul Muolo Home Point, which has backing from a PE firm, may have its ears open to future deals…Read More
Short Takes: Mortgage M&A Mania Finally Arrives? / Five Oaks Halts Jumbo Aggregation / Angel Oak Rolls Out Investor NI Product / Fannie Tweaks High-LTV Guidelines / Mountain States Lead the Way, Says Black Knight July 27, 2016 Brandon Ivey, Macie Jones, and Paul Muolo Nonprime lender Angel Oak Mortgage Solutions is now offering a “no-income” loan to investors with credit scores as low as 660...Read More
Ocwen Lost $87.3 Million in 2Q16, but Originations Increased 35 Percent July 27, 2016 Paul Muolo However, one bright spot was originations, which increased sequentially by 35 percent to $1.32 billion.Read More