Short Takes: Mortgage Bankers Cut Jobs / OCC Expresses Anxiety over Commercial Banks and TRID / CRE Worries Too / Freddie Expands Re-performing Loan Effort / BB&T Promotes Campbell July 12, 2016 Carisa Chappell and Paul Muolo Although commercial banks are making money hand-over-first these days, that doesn’t mean national bank regulators shouldn’t worry. Read More
Six Senators, Including Corker and Warner, Advise FHFA’s Watt Against ‘Release’ of the GSEs July 11, 2016 Carisa Chappell and Paul Muolo Recently, several trade groups and community organizations have called on Watt to allow Fannie and Freddie to rebuild their capital buffers ...Read More
The FHFA Tally on GSE NPL Sales: 12 Percent of the Loans Wind Up in Foreclosure July 1, 2016 Carisa Chappell The FHFA promises it will provide regular updates on NPL sales going forward…Read More
FHFA Examiners Worry About Inability of GSEs to Build Capital; Risk-Transfer Costs a Concern Too June 29, 2016 Carisa Chappell FHFA examiners suggest that eventually Fannie and Freddie could have a negative net worth position once the capital buffer falls to zero…Read More
FHFA Eager to Expand ‘Credit Risk Transfer’ Deals, Launches New Comment Period June 29, 2016 Carisa Chappell and Paul Muolo FHFA officials said they favor transactions that are repeatable and scalable.Read More
New Bill Presses Treasury to Research Ending GSE Conservatorships June 27, 2016 Carisa Chappell The Congressman noted that outside of a study done in 2011, the administration has had little engagement with Congress on a path toward ending the conservatorships, which are almost eight years old...Read More
Short Takes: UWM is Hitting its Stride / TRID Not a Problem / Flagstar Moves on From Uncle Sam / White House Stalling in GSE Case / Chris George Gets the Nod From MBA June 27, 2016 Carisa Chappell and Paul Muolo The CEO of United Wholesale Mortgage is projecting that in June the lender could fund $1.9 billion, which would be the firm’s best month ever…Read More
Short Takes: FHA Ready to Cut the MIP? / 100 Guests at Ginnie Liquidity Summit / In Demand: Mortgage Underwriters / Citadel Employee Count at 160 and Growing / Freddie Keeps Selling NPLs June 22, 2016 Carisa Chappell and Paul Muolo Roughly 100 guests were invited to the Ginnie Mae "liquidity summit," including regulators from the Federal Reserve. Read More
See You in September: Fannie Sets New Release Date for DU 10.0 June 21, 2016 Carisa Chappell What caused the delay of DU 10.0? “Issues,” said the GSE…Read More
Fannie Mae Unveils Three CIRT Deals, Largest Transactions To Date June 17, 2016 Carisa Chappell Although Fannie bragged about the size of the CIRT deal, it did not identify its counterparties.Read More