Short Takes: The Largest Post-Crisis Nonprime MBS? / FICOs as Low as 500 / Reasons for Getting Out (Blame the Tech Giants?) / Sell One, Buy Two / Movement EVP Taveekanjana Departs for Envoy February 19, 2019 Brandon Ivey and Paul Muolo Jumping from Movement Mortgage to Envoy Mortgage: Tony Taveekanjana...Read More
What We’re Hearing: Calabria, a Sure Bet? / Warm Thoughts About Fannie-Freddie Loan Limits / Retaining More Capital / Congress? / Conservatorship Purgatory / Looks Like Radian is in Play / A Sale Dragging On and On and On: Genworth / Industry Vet Rudy Orm February 15, 2019 Paul Muolo On the doorstep: The recap and release of Fannie and Freddie?Read More
Mortgage Securitization Rates Steady in 2018, Non-Agency Rising February 15, 2019 John Bancroft The Ginnie securitization rate hit 100.2%, but timing issues were involved…Read More
Government MI Rebounds in 4Q18, but PMIs Had Strong Showing in 2018 February 14, 2019 John Bancroft In terms of new insurance written during 2018, the market leaders were Arch, Radian and MGIC…Read More
Lower Earnings for Fannie and Freddie, 4Q18 Dividend Payment On Track (For Now) February 14, 2019 Paul Muolo It’s rare but Fannie and Freddie reported results on the very same day…Read More
Annaly Posts a Whopping $2.25 Billion Loss for 4Q18, Eyes the Non-Agency Market February 14, 2019 Brandon Ivey Annaly CEO Kevin Keyes said the REIT is working to diversify its investment strategy, including a focus on acquiring new non-agency mortgages…Read More
GSE Single-Family MBS Issuance Off to a Slow Start in January February 13, 2019 John Bancroft Wells Fargo, Quicken Loans and PennyMac ranked first, second and third, respectively, in loan sales to Fannie and Freddie during January…Read More
Ginnie Mae Approved Only 8 New Issuers in 2018 February 13, 2019 George Brooks Nonbanks comprise 61% of approved servicers of Ginnie’s $2.04 trillion portfolio…Read More
The 4Q18 Tally: Banks Report Sharp Drop in Mortgage Banking Income February 12, 2019 John Bancroft Much of the mortgage earnings damage took place at the top…Read More
A Tiny 4Q18 Profit for New Residential February 12, 2019 Paul Muolo New Rez continues to gobble up MSRs like there's no tomorrow...Read More
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