Civil Rights Groups Up in Arms Over Crapo’s GSE Reform Plan February 6, 2019 Paul Muolo CRL and other groups noted: “To date, Congress has exercised extreme caution in repairing the housing finance system…”Read More
Quick Turn Time for Prolific Lone Star on New MBS February 6, 2019 Brandon Ivey Mortgages in the MBS have an average credit score of 720…Read More
Short Takes: About That Net Worth Profit Sweep… / A Permanent Ginnie President? / LOs Tell the Fed: Loan Demand is Weaker / A Lack of Experienced Underwriters for Non-QMs / A New Loan Officer at Castle & Cooke February 6, 2019 Paul Muolo and Brandon Ivey Unless a change is made to the terms of their “bailout,” Fannie and Freddie will upstream most of what they earn to Treasury by the end of March...Read More
Nonbanks Amassed Large MBS Market Share in 2018 February 5, 2019 John Bancroft Over the same timeframe, agency MBS production by commercial banks, thrifts and credit unions fell 17.2 percent…Read More
$1B A Year Producer Calls It Quits, Citing 'Market Conditions' February 5, 2019 Paul Muolo Brian Foran of Autonomous Research: “Announcements like this have been surprisingly few and far between..."Read More
A Banner Year for Angel Oak, Firm Doubles Non-QM Production February 5, 2019 Paul Muolo Angel Oak Managing Partner Michael Fierman: “We continue to see great potential for this market…”Read More
NAR Calls for Release of FHA Condo Rules February 5, 2019 George Brooks NAR believes worthy borrowers for too long have been unable to purchase the home of their choice because of FHA’s restrictive condominium rules...Read More
Short Takes: Deephaven Interest / Don’t Worry About the ‘GSE Patch’ / Simmering Down a Bit: GSE Common / Carl Icahn? / Job Openings at Quicken Loans / Caliber Hires Stearns Executive Hecht / A Promotion for Riskey February 5, 2019 Paul Muolo and Dennis Hollier A mortgage slowdown? Not everywhere: Quicken Loans says it has more than 700 job openings…Read More
Third-Party Producers Continue to Dominate in the FHA/VA Space February 4, 2019 John Bancroft Meanwhile, the wholesale-broker share of FHA/VA purchase lending inched up to 13.3% in 2018, a 40 bps upward wiggle…Read More
Fairholme Tells its Shareholders to Hang in There on Fannie and Freddie February 4, 2019 Paul Muolo Fairholme's Bruce Berkowitz suggests the best is yet to come... Read More
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