Fannie Names Former Barclays Executive to Head Common Securitization Platform September 17, 2013 Paul Muolo Who better than a former Wall Street executive to manage Fannie Mae's role in the common securitization platform project?Read More
Essent Changes Mind, Decides to Go Public After All September 17, 2013 Paul Muolo First, National MI files to go public, now Essent. One might assume the mortgage insurance industry is red hot.Read More
Short Takes: GSE Earnings Could Fade / Eminent Domain Moves Forward in California But / Will PHH Sell Fleet Division? / Appraisers Getting Stiffed by AMCs / Large Lender has IT Snafu? September 17, 2013 George Brooks and Paul Muolo Fannie Mae and Freddie Mac will not earn a ton of money forever. Or will they?Read More
Fannie Names Terry Edwards COO; He May Get Common Securitization Platform Oversight September 16, 2013 Paul Muolo Terry Edwards has received high marks for his accomplishments at Fannie Mae. But can he get the CSP off the ground?Read More
Bulk MSR Deals From IMA, Phoenix and Prestwick September 16, 2013 Paul Muolo Bulk offerings of mortgage servicing rights, even new production, are now plentiful.Read More
Short Takes: Wanted, East Coast Mortgage Banking Firm / Wells Continues to Offer Cheap Jumbos / Where Does Yellen Sit on QE3? / Rising Rates, No Big Deal / Single-Family REO, a New Asset Class? September 16, 2013 Paul Muolo and Thomas Ressler Mortgages banking firms are still in demand, but pricing may fall. And at Wells Fargo, it's jumbo rates remain cheaper than GSE rates. Read More
OCC Raises Concern on Bank Oversight of Appraisal Management Companies September 12, 2013 Paul Muolo Banking regulators are showing new concerns about appraisal management companies, especially those owned by depositories.Read More
Trade Groups Dismiss PATH Act in New Letter; Big Lenders Absent September 12, 2013 Paul Muolo The letter to members of Congress is notable for which trade groups didn't sign on, including the American Bankers Association and Mortgage Bankers Association.Read More
Short Takes: The OCC is Watching the Jumbo and HELOC Markets Closely / New Penn Allows 50 Percent DTI on Jumbos / Consumers Love the CFPB? / Cordray Tries to Allay QM Anxiety / Maybe Rising Rates Are Good September 12, 2013 Paul Muolo and Thomas Ressler Loan standards are not loosening on conventional mortgages, but in the jumbo space the story is entirely different.Read More
Pingora Hopes to Have $5 Billion in MSRs by Yearend September 11, 2013 Paul Muolo When it comes to mortgage servicing rights, Pingora has been a busy bee. It bought Gilpen Mortgage and has been an active bidder on several packages.Read More