IMFnews

February 13, 2018

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Redwood Set to Issue One of its Largest Jumbo MBS Deals Ever (Post-Crisis Era)

The GSE-eligible loans have an average unpaid principal balance of $549,259 while the non-agency mortgages have a UPB of $703,898… Read More

CFPB Issues Industry-Friendly Strategic Plan

Acting CFPB Director Mick Mulvaney: “If there is one way to summarize the strategic changes occurring at the bureau, it is this: we have committed to fulfill the bureau’s statutory responsibilities, but go no further.” Read More

Nation’s Third Largest Servicer Nationstar Agrees to Merge with KKR-Backed WMIH

Nationstar’s stock is publicly traded, but is majority owned by Fortress Investment Group, which late last year was sold to SoftBank. Read More

A Rosy Picture: Strong Performance for Non-QMs in MBS

The average credit score on loans in expanded-credit MBS issued in 2016 and 2017 was 704.9, according to a new analysis by Inside Nonconforming Markets. Read More

Mortgage Firms Looking to Sell Servicing Rights are Sitting Pretty

Dealmakers point to not only higher interest rates but lower anticipated loan production and MSR values that are firming up. Read More

Short Takes: The Trump Budget and the GSEs (Not So Good) / No More GSE Money for Affordable Housing / Treasury Wants to ‘Right Size’ Federal Housing Programs / Cuts in Store for the CFPB? / Arch Posts a Strong 4Q17 Profit

The Treasury Department's goal is to right-size federal housing programs... Read More

New GOP Tax Law Blows a Hole in Fannie Mae’s 4Q17 Results, FHFA Expected to Ask Treasury for $3.7B in Cash to Eliminate the ‘Net Worth’ Deficit

The DTA hit Fannie took and the resulting net loss was fully expected and likely won’t cause an uproar on Capitol Hill. However, one lobbyist quipped: "Ah, the first taxpayer bailout of a large financial institution since the Great Recession." Read More