The GSE (Lender) Front-End Risk-Sharing Tally for 2018: Just $49 Billion April 29, 2019 Paul Muolo The $49 billion reading is miniscule when compared to GSE total issuance of volume of $781 billion last year.Read More
What We’re Hearing: Due Out Next Week: GSE Earnings / The Last Dividend Payment? / Maybe a Chance at Reform Legislation? / LendingTree’s Money Tree? / MIAC’s MSR Auction April 26, 2019 Paul Muolo Keep an eye on what the GSEs say about their dividend payment...Read More
Fannie/Freddie 1Q19 Earnings Preview: Decent but Keep an Eye on the Hedging ‘Marks’ April 26, 2019 Paul Muolo The government-sponsored enterprises continue to fire on all cylinders. However...Read More
Short Takes: GSE Stocks: What Goes Up Is Coming Down / True Value? / The Homeownership Rate Dips Ever So Slightly / The ‘Old’ Days: If You’re Breathing You Can Get a Mortgage / That Was Then, This Is Now (Banks) April 25, 2019 Paul Muolo When it comes to investing in Fannie/Freddie common, volatility is the watchword...Read More
MSR Sales (Transfers) Down Sharply in 1Q19 April 24, 2019 John Bancroft The top buyer in the MSR sector was Mr. Cooper Group… Read More
Short Takes: Believing in Big Payoff (Someday) / A Nice Return Based on 2019 Calculations / WMC Files for BK / Starting Out in Life as Weyerhaeuser / Two Lenders Form a Combo April 24, 2019 Paul Muolo Industry vets might recall that WMC started out in life as Weyerhaeuser Mortgage...Read More
OIG: FHFA Understated Cost to Develop UMBS Platform April 23, 2019 Dennis Hollier As early as October 2016, the FHFA was aware the project was "off track" and additional costs were likely, the IG said...Read More
A $32.8 Million Loss in 2018 for Lender Bought by NSM in Early 2019 April 22, 2019 Paul Muolo In 2018, Pacific Union had total expenses of $268.6 million, of which $164.1 million went for personnel...Read More
A Scorcher of a Month for Agency MBS Trading April 22, 2019 Paul Muolo The non-agency market, which is dwarfed in size by agencies, saw $3.0 billion in securities change hands on a daily basis in March, the strongest reading since June of 2018.Read More
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