End of Watt’s Term as FHFA Director Seen as Leverage for Republicans in Congress February 28, 2018 Brandon Ivey Pete Carroll, an executive at CoreLogic, noted that many Democrats in Congress will not support a housing finance reform bill unless such provisions are included.Read More
Jumbo Servicing Volumes on the Rise, Banks Dominate February 28, 2018 Brandon Ivey Wells Fargo serviced $287.5 billion of jumbo mortgages as of Dec. 31, ranking first overall…Read More
Short Takes: FHA Official Rules Out MIP Cut / Essent Marketing First Risk-Sharing Deal / The HUD Secretary’s $31,000 Dining Room Table / PHH Calls it a Day on PLS Business / Finance of America Hires Radian Executive February 28, 2018 Paul Muolo and Brandon Ivey PHH Mortgage said it has taken its last loan application on behalf of a private-label origination client. Read More
Non-Agency MBS Issuance Backed by New Loans Expected to Double. But Big Investors Still Have Concerns February 27, 2018 Brandon Ivey Expanded-credit MBS issuance could top $12 billion this year…Read More
Ginnie Considering Partnering with FHA to Offer Risk-Sharing MBS. Private Market Would Assume Credit Risk February 26, 2018 Brandon Ivey Bright suggested that Ginnie Mae could work with the Federal Home Loan Bank of Chicago on risk-sharing transactions...Read More
Fannie and Freddie Hanging On to Their Alt A Mortgages February 26, 2018 Brandon Ivey The bulk of the holdings are in Alt A mortgages purchased/guaranteed by the GSEs...Read More
A $31 Million Profit for Redwood in 4Q17, but Mortgage-Banking Income Sags. Better Days Ahead? February 23, 2018 Brandon Ivey At Dec. 31, Redwood held $5.1 billion of residential loans on its balance sheet, a 21.4 percent increase over 3Q17…Read More
Thanks to Janet Yellen, Wells Fargo May Finally Reenter the Non-Agency Market February 23, 2018 Brandon Ivey Wells Fargo is sitting on $287.5 billion of jumbo whole loans…Read More
PennyMac Readies Another ABS Backed by Ginnie Mae MSRs, Deal Receives Preliminary BBB- Rating February 21, 2018 Brandon Ivey PennyMac likely will use the proceeds to buy additional servicing rights…Read More
Short Takes: IU Chief Pagliara Weighs in on Supreme Court Decision / Bill Ackman is Now Underwater on his GSE Bets / NAMB Wants Ban on ‘Trigger Leads’ / Ditech Names Interim CEO but Does He Get the $5 Million? February 21, 2018 Paul Muolo, Brandon Ivey, and Carisa Chappell It appears that Pershing Square is now under water on its GSE investments...Read More