Freddie Mac Will Keep Re-Performing MBS on Balance Sheet May 23, 2013 Paul Muolo Freddie Mac is creating a large MBS backed by reperforming mortgages. But don't look for the bond to be sold in the open market.Read More
CashCall Chief Says Hed Consider Selling the Company May 23, 2013 Paul Muolo CashCall, one of the largest call center lenders in the U.S., is open for offers, Inside Mortgage Finance has learned.Read More
Short Takes: Insurance Company in the Hunt for Mortgage Banker / Fidelity Wants its Kid Back / Nationstar May Spin Off Vendor / Toll Brothers NPL Division Feels Some Pain / FBR Back in the Lending Business May 23, 2013 Paul Muolo The mortgage M&A market is heating up and not just in the lending space. Moreover, a large insurance company is contemplating an entry into the business. Read More
Sen. Warner Paid a Visit to Freddie Mac, GSE Bill in the Works May 22, 2013 Paul Muolo Sen. Warner recently paid a visit to Freddie Mac employees but offered little information about his pending GSE bill.Read More
Freddie and Fannie Ready to Sell MBS to Investors May 22, 2013 John Bancroft and Paul Muolo Fannie and Freddie were ordered by their regulator to sell illiquid securities. But those bonds may fetch a nice price in the secondary market.Read More
Short Takes: Fannie and Freddie Sitting on Huge Portfolio Gains? / Mortgage Applications Get Hammered / Who Really Owns the Common Securitization Platform? / LPS Sees a New Low for Late Payments / 360 Mortgage to the Rescue May 22, 2013 Paul Muolo Are Fannie Mae and Freddie mac sitting on huge untapped profits? Read More
HSBC, Wells Fargo Test the NPL Market With Huge Auctions May 21, 2013 Paul Muolo Wells Fargo and HSBC are stepping up sales of nonperforming mortgages, while keeping a lid on the details. Read More
Citi Names Private Bank Chief to Head Mortgages, More Jumbos? May 21, 2013 Paul Muolo Will CitiMortgage be an even greater player in jumbo lending with its new CEO?Read More
Short Takes: New York Slow on Loan Officer Approvals / GSEs Win Transfer Tax Case / Will the CFPB Unionize? / City National Enters Warehouse Space / Fay Servicing to Ramp up Hiring May 21, 2013 Paul Muolo, Thomas Ressler, and Charles Wisniowski New York State may be among the worst in the nation when it comes to approving loan officer applications.Read More
JPMorgan Dumps Mortgage Brokers from USDA Loan Program May 20, 2013 Paul Muolo One of the largest USDA mortgage lenders in the U.S. is giving the boot to third-party loan brokers.Read More