Moody’s Will Review PHH for Loss of Other Private-Label Customers as Well July 11, 2016 Paul Muolo “Given the review for possible downgrade, it is unlikely that the company’s ratings will be upgraded,” said Moody’s.Read More
Short Takes: PHH’s Loss is Fifth Third’s Gain / Changes Coming to the Ginnie Mae ‘Acknowledgement’ Agreement? / Bank Foreclosures Plunge / Mortgage Crime on the Jersey Shore / New Hire for Valuation Partners July 11, 2016 Paul Muolo Former New Jersey politician John Leadbeater worked out a plea arrangement with prosecutors.Read More
FHFA Issues Update on Common MBS and Platform; Project Appears to be On Track but ‘Key Achievements’ May Change July 8, 2016 Paul Muolo The eventual goal of the project is to have the GSEs issue fully interchangeable securities.Read More
What We’re Hearing: What’s $465 Billion Among Friends? / How Much More Business will Wells Fargo and JPM Cede to the Nonbanks? / Ocwen, Ocwen, Ocwen / Will the FHFA Hold a ‘Liquidity Summit’ on Nonbanks Too? / Higher GSE Capital Minimums? July 8, 2016 Paul Muolo Recently, rumors were making the rounds in Washington that Fannie and Freddie might be pondering an increase in their net worth minimums for seller/servicers...Read More
Mortgage Company Parent Firm J.G. Wentworth Being Delisted by the NYSE July 7, 2016 Paul Muolo In general, this is not a pretty time for mortgage-related stocks, even though interest rates are at an all-time low.Read More
The TRID ‘Scratch & Dent’ Market is Still Humming Along, but… July 7, 2016 Paul Muolo TRID errors have been costly with some lenders forced to sell perfectly good mortgages at a loss in the secondary market…Read More
Short Takes: Bond Market Bubble? / MSR Owners: Now Let Us Pray / What the Investment Bankers Think / Maybe Ginnie Shouldn’t Hold Invitation-Only Summits / Quicken Tops in FHA Condo Lending July 7, 2016 George Brooks and Paul Muolo Quicken Loans was the top FHA condo lender in the first quarter of 2016, according to a new ranking from Inside FHA/VA Lending.Read More
The Mortgage IPO Market: Dead Until Next Year; Research Firm Closes July 6, 2016 Paul Muolo As one equities official noted: “It’s not fun being a stock analyst these days.”Read More
FHA Condo Lending Declines; Trade Groups Push for Action on Legislation July 6, 2016 George Brooks and Paul Muolo The bill would lower FHA’s current owner-occupancy requirement from 50 percent to 35 percent…Read More
How Low Might the Yield on the 10-Year Treasury Go? What About 1.0 Percent? July 6, 2016 Paul Muolo A recession in the U.S. could cause the 10-year Treasury bond to yield 1.0 percent…Read More