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August 15, 2018

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RBS Agrees to Pay DOJ $4.9 Billion to Settle MBS Fraud Charges

Among those subprime MBS investors: Fannie Mae and Freddie Mac. Read More

Moody’s Gives loanDepot an ‘Average’ Assessment

This spring, loanDepot was rumored to be a takeover target of Internet retailer Amazon.com… Read More

The Fannie Mae Mystery Executive in the Heavily Redacted FHFA IG Report: CEO Timothy Mayopoulos

On July 23rd, Fannie announced Mayopoulos would depart as CEO before yearend. The heavily redacted FHFA IG report is dated July 26. Read More

Quicken Loses Large Broker Partner, Blames BRAWL, UWM and its CEO

CEO Mat Ishbia: “We are not sure why Quicken Loans has decided to bring UWM into this situation." Read More

Surprise: Quicken Rolls Out Private Sector Reverse Mortgage

Funding for Quicken's new reverse mortgage will come from securitization… Read More

Short Takes: Who Needs the GSEs? / JPM’s Strategy / Subservicers on the Auction Block? / New Diligence Advisors Gets the Seal of Approval from KBRA / Atlantic Bay Mortgage Won’t be Buying VA Bank After All

We know of one large subservicer that’s for sale (Ditech Financial), but a second processor may also be considering offers. Read More

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