Short Takes: Exiting a GSE Investment / The Fed Likely Will Greenlight the BB&T-SunTrust Merger / No. 9 / Please, Just Don’t Pick a Name Like Mr. Cooper / How Much Lower Can Ditech Go? / CoesterVMS? February 11, 2019 Paul Muolo The big unknown about the merger: Once completed, what name will the new bank and mortgage company take? Read More
What We’re Hearing: Salivating at the Prospect of a Fannie-Freddie Stock Offering? / Mulvaney Again / Waiting in the Wings for Treasury’s GSE Assignment? / What Could Stand in the Way? / MI Roundup / Wells Fargo, the MBS King / A New Legislative Hire for February 8, 2019 Paul Muolo But one thing is certain: the Trump White House is not monkeying around with GSE reform...Read More
Agency MBS Production Fell Modestly in January February 8, 2019 John Bancroft It was the lowest combined output for the three agencies since February 2016, when just $80.49 billion of new MBS were issued.Read More
Calabria’s FHFA Nomination Hearing Set for Feb. 14 February 8, 2019 Paul Muolo Calabria has firm support among Republicans on the SBC and the backing of Senate Minority Leader Mitch McConnell...Read More
Short Takes: Hoping and Praying for the Right GSE Outcome / Contemplating a Settlement by the Government / Setting the Table for a Merger / #9 Mortgage Dream: SunTrust-BB&T Deal / IMA’s Bulk MSR Deal February 7, 2019 Paul Muolo Open hostility toward the government's GSE case?Read More
Mnuchin: Treasury Prepared to Go It Alone on GSE Reform February 6, 2019 Dennis Hollier and Paul Muolo Treasury’s GSE plan is being shaped by Senior Treasury Counselor Craig Phillips, who cut his teeth on Wall Street as an MBS trader…Read More
Civil Rights Groups Up in Arms Over Crapo’s GSE Reform Plan February 6, 2019 Paul Muolo CRL and other groups noted: “To date, Congress has exercised extreme caution in repairing the housing finance system…”Read More
Nonbanks Dominate in Bulk MSR Sales, A Stunning Reversal for Ginnie Transfers February 6, 2019 Paul Muolo In years past, Ginnie MSR sales have lagged because of concerns tied to agency acknowledgement agreements…Read More
Short Takes: About That Net Worth Profit Sweep… / A Permanent Ginnie President? / LOs Tell the Fed: Loan Demand is Weaker / A Lack of Experienced Underwriters for Non-QMs / A New Loan Officer at Castle & Cooke February 6, 2019 Paul Muolo and Brandon Ivey Unless a change is made to the terms of their “bailout,” Fannie and Freddie will upstream most of what they earn to Treasury by the end of March...Read More
Mnuchin: Treasury Prepared to Go It Alone on GSE Reform February 5, 2019 Dennis Hollier One contemporary of Phillips, who claims to have knowledge of what he’s working on, said the plan is “very well scripted” at this point...Read More
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