Short Takes: More on the Watt FHFA IG Report / Of Counsel / Signs of Life in Application-land / Ex-Fannie Employee Took Kick-Backs / A New President at Stearns Lending February 20, 2019 Paul Muolo A former Fannie Mae employee faces up to 20 years in prison...Read More
FHFA IG: Director Watt Violated Ethics Rules, White House Had Report in Late November but Didn’t Act February 19, 2019 Paul Muolo To date, Watt has denied legal wrongdoing…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
FHFA IG Report: Director Watt Violated Ethics Rules. Trump Had Report in Late November but Didn’t Act February 15, 2019 Paul Muolo The report, dated Nov. 29, 2018, was posted to the IG’s website Friday, Feb. 15.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
Short Takes: Leaving Behind His Personal Views Regarding Fannie and Freddie / Reporting Results on the Very Same Day, a Rarity / If Only They Could’ve Kept Their Earnings / CHLA Backs Calabria February 14, 2019 Paul Muolo Fannie and Freddie rarely report quarterly results on the same day, but they did so this morning...Read More
FHFA Nominee Mark Calabria Promises to Leave His Personal GSE Views at the Door February 13, 2019 Paul Muolo The nominee promises not to impose his personal views on Fannie and Freddie...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
Short Takes: A Nice Month for Pershing Square / No Mention of the GSEs / A Mortgage-Related M&A Deal Drags On / Delayed by the Chinese New Year / A New MBS From Deephaven / Pavaso Hires Mortgage Tech Vet Tim Anderson February 13, 2019 Paul Muolo and Brandon Ivey After two-plus years of waiting, the Genworth deal has yet to close... Read More