Court Rules Fannie Is Not a Credit Reporting Agency January 30, 2019 Dennis Hollier In the Zabriskes’ case, the foreclosure was a short sale that had been miscategorized…Read More
White House Issues Statement on GSE Reform, Says it Will Work with Congress; Share Price Tanks January 29, 2019 Paul Muolo So much for administrative reform of Fannie and Freddie...Read More
Mortgage Gripes Filed with the CFPB Fall to a New Low January 29, 2019 Yemeng Yang Servicing practices attracted the most mortgage-related complaints, accounting for almost half, Inside the CFPB found…Read More
Step 1 in GSE ‘Administrative’ Reform: Letting Fannie and Freddie Build Capital January 29, 2019 Paul Muolo Currently, Fannie and Freddie are allowed to maintain a maximum capital cushion of $3 billion each. Anything above that amount is swept into the U.S. Treasury. …Read More
Short Takes: Is the Party Over for GSE Common? / A Bubble Bursting on Shareholders / The King of MSR Buys: New Residential / Cleveland Rocks (for New Home Owners), Pittsburgh and OKC Too / Freddie Gets New Chairperson January 29, 2019 Paul Muolo New Rez’s MSR haul: $50.9 billion of agency product...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
New Rez Ready to Kick Ditech to the Curb on Subservicing Contract January 25, 2019 Paul Muolo In a new 8-K filing, Ditech said that on Jan. 17 it received a termination notice from New Residential...Read More
NAR Calls on USDA to Process Rural Housing Loans During Shutdown January 25, 2019 George Brooks In a series of recent emails, the NAR requested RHS to assign staff to process loan applications...Read More
CFPB’s Enforcement Chief Departs for Job in the New York AG’s Office January 25, 2019 Yemeng Yang The NYAG's division of economic justice consists of six bureaus, including one protecting consumers from fraudulent, deceptive practices.Read More
RSS