Mandate for Redesigned URLA Further Delayed August 9, 2019 Dennis Hollier Concerns of industry participants provoke edits and postponement of a new mortgage application form.Read More
Freddie Mac Prices a Mix of Structured Pass-Through Certificates August 9, 2019 Dennis Hollier Freddie continues to price a wide variety of multifamily STACR products for CRT investors.Read More
Former FHLB Executives Plead Guilty to Expense Account Fraud August 9, 2019 Dennis Hollier Former FLHB-Dallas executives have admitted to charging the bank $1.2 million for fraudulent travel expenses and unclaimed vacation time.Read More
Mortgage Grapevine: Not a Good Time to Tap the Equities Market? / Bulk MSR Auctions Show Promise August 9, 2019 Paul Muolo and Dennis Hollier Who says the stock market isn't receptive to mortgage companies these days? Don't tell that to New Rez and Sachem. Meanwhile, the MSR bulk auction market is springing to life once again.Read More
CEO of GSE Single-Security Platform to Depart August 8, 2019 Dennis Hollier and Paul Muolo David Applegate is stepping down as CEO of Common Securitization Solutions, the platform that launched the uniform MBS. Read More
Mortgage Servicers at Bottom End for Customer Satisfaction August 8, 2019 Dennis Hollier A recent study used six factors to rank the nation’s 30 largest mortgage service companies. The results aren’t pretty.Read More
CEO of GSE Single-Security Platform to Depart, No Specific Date Provided August 8, 2019 Dennis Hollier CSS has retained Spenser Stuart – a talent vendor frequently used by Fannie – to conduct an executive search.Read More
Uniform MBS Trading Volumes High August 8, 2019 Dennis Hollier An Urban Institute paper says the successful launch of the single security paves the way for housing-finance reform.Read More
Short Takes: Fannie Mae Warns of a ‘Draw’ From Treasury / Blame CECL / Ginnie Places Restrictions on Cash-out Refis of VA Loans / Blank Rome Hires Industry Veteran Samlin August 1, 2019 Paul Muolo and Dennis Hollier Ginnie Mae is turning off the spigot on refinances of high LTV mortgages guaranteed by the VA...Read More
The GSE Patch Will Expire in 17 Months. Time to Worry? August 1, 2019 Dennis Hollier Changes to the QM-rule will likely impact Fannie and Freddie profits, but market participants say we still don’t know how, or how much.Read More