Seer Readies Non-QM MBS, No Word Yet on Deal Size January 29, 2019 Brandon Ivey Seer Capital Management has bought controlling interests in asset origination firms in both the U.S. and Europe…Read More
Agency MSR Transfers (Sales) Up a Solid 13.9 Percent in 2018 January 28, 2019 John Bancroft The three most active sellers of bulk MSRs: Stearns Lending, United Wholesale Mortgage and loanDepot, according to exclusive figures from Inside Mortgage Trends…Read More
Legislative Reform of the GSEs This Year? Don’t Bet On It January 28, 2019 Paul Muolo The consulting firm, echoing what many in the industry believe, said if housing finance reform were easy “it would have happened long ago.”Read More
Short Takes: Rep. Waters Wonders: Is Otting Legal? / An End-Run? / Cowen on Calabria’s Chances / The Fed Gets a New Director of Research January 28, 2019 Paul Muolo
What We’re Hearing: The Coming War Over Administrative Reform of the GSEs / Trust in (MBS) Traders / Congress Committed to Legislative Reform / Predictions Can be Difficult / At Least Bill Ackman is Happy / JPMorgan Now #4 in Mortgage Lending January 25, 2019 Paul Muolo Pershing Square CEO Bill Ackman should be a happy man these days. His investment in Fannie and Freddie is now in the black...Read More
Commercial MBS Issuance Declined Slightly in 2018 January 25, 2019 John Bancroft The flow of multifamily mortgages into non-agency CMBS actually rose slightly in 2018, including a burst of activity in the fourth quarter.Read More
House Banking Chair Waters Wants Answers from FHFA’s Otting on His GSE Reform Plans January 25, 2019 Paul Muolo In mid-January, in a speech to FHFA staffers, Otting vowed to make administrative changes to the GSEs but offered no time table or details...Read More
An Administrative Plan to Reform the GSEs Imminent? January 24, 2019 Paul Muolo The spokeswoman stressed that Otting did not mention Congressional approval, a timeline or "discuss any details of the plan.”Read More
CHLA Anxious About What Ginnie Mae Might Do January 24, 2019 Paul Muolo CHLA adds that “enhanced” supervision should focus on Ginnie Mae's largest issuers...Read More
A Profit Decline for Top-Ranked Warehouser Texas Capital January 24, 2019 Paul Muolo Mortgage finance assets comprise 32.0 percent of Texas Capital's asset base...Read More
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