Hedge Funds Gobbling up Fannie/Freddie Common and Preferred May 16, 2013 Paul Muolo Are investors making a big mistake by speculating in Fannie Mae/Freddie Mac common and preferred?Read More
Mortgage Broker Employment Hits Five-Year High May 16, 2013 Paul Muolo Loan brokerage firms are continuing to hire, even though their market share declined slightly in the first quarter.Read More
Essent Rated BBB+ by Agencies May 16, 2013 Paul Muolo Essent, the number-five player in mortgage insurance, has received ratings from both S&P and Moody's.Read More
Short Takes: Okay, Who Paid $100,000 for Fannie Preferred? / Warehouse Firms Loosen HARP Standards / Mortgage Apps and Housing Starts Get Whacked / Ellington Investing in Toxic MBS / CFPB Goes Spanish May 16, 2013 Paul Muolo and Thomas Ressler One investor paid $100,000 per unit for a special class of Fannie Mae preferred. Read More
Subprime Lender Deephaven Searching for Warehouse Lines May 15, 2013 Paul Muolo Is the warehouse lending community closed to new subprime lenders, even if they have high downpayment requirements? Read More
Shellpoint Provides More Details on First ‘Nonconforming’ MBS May 15, 2013 Paul Muolo A planned MBS from Shellpoint could provide more liquidity for loans made to self-employed borrowers. Read More
Short Takes: Turn the GSEs Into a Cooperative? / Share Price of Fannie Common Getting Frothy / FHA Finally Gets Some Good News / LPS Launches New Product / Fannie Ready for Modifications May 15, 2013 Paul Muolo, George Brooks, and Charles Wisniowski Why is the share price of Fannie Mae's junior preferred stock rising so much? Also, send Freddie Mac "back to the future"?Read More
SunTrust Hires Former CitiMortgage Executive to Run Retail Mortgages May 14, 2013 Paul Muolo Jeffrey Walker, the new head of residential retail for SunTrust, has worked for such lenders as CitiMortgage and Wells Fargo. Read More
Freddie Streamlined Modification Program to Boost MI Sector May 14, 2013 Paul Muolo A new modification program from Freddie Mac also will pay mortgage servicers $1,400 per unit for each successful loan restructuring. Read More
Short Takes: Sen. Franken Tries to Tell Wall Street How to Rate Deals / Impac Rewards Top Executives Nicely / A New Player in Warehouse Lending? / 360 Mortgage Continues to Expand in Wholesale / Two New Subcoms from MISMO May 14, 2013 Paul Muolo, Thomas Ressler, and Brandon Ivey If. Sen. Franken has his way, the MBS rating system will change. Meanwhile, top executives at Impac Mortgage clean up.Read More