HousingWire, May 3, 2016–Murin, Joseph
If Ginnie Mae were a privately held or publically traded corporation, it would likely be seeking massive capital investments today in preparation for a new level of growth, says former Ginnie Mae President Joseph Murin.
National Mortgage News, May 3, 2016–Finkelstein, Brad
United Guaranty’s pretax operating income of $163 million benefited from lower mortgage delinquency rates but a decline in refinance originations affected the amount of new insurance written.
National Mortgage News, May 3, 2016–Passy, Jacob
Walter Investment Management Corp. sank into a deeper $172.7 million net loss during the first quarter, as lower interest rates caused pressure on the company’s mortgage servicing rights valuation.
American Banker, May 3, 2016–Berry, Kate
The Consumer Financial Protection Bureau is expected to issue a proposal Thursday that would limit the use of arbitration clauses on millions of financial contracts from cell phones to credit cards to checking accounts.
National Mortgage News, May 4, 2016–Sinnock, Bonnie
Freddie Mac’s second quarterly loss in less than a year makes it clear profitability is getting tougher as it shrinks. But it’s a concern that must be weighed against more long-term efforts to reduce Freddie’s overall credit risk exposure.
National Mortgage News, May 4, 2016–Finkelstein, Brad
PHH Corp. lost $30 million in the first quarter of 2016, as the company took a $10 million pretax reduction to the fair market value of its mortgage servicing rights.
National Real Estate Investor, May 5, 2016–Smith, Geoff; Thomas, Jay
There’s no doubt that now is an interesting time in the mortgage market for multifamily assets located in secondary locations, brimming with potential, promise and uncertainty.
National Real Estate Investor, May 4, 2016–Mattson-Teig, Beth
Although fundraising remains strong by historical standards, new capital flowing into global private equity real estate funds took a big step back in first quarter.
HousingWire, May 4, 2016–Swanson, Brena
Nationstar Mortgage Holdings’ earnings followed in the steps of Freddie Mac and Walter Investment Management Corp. as its earnings took a hit from the first quarter’s historically low interest rates.
Bloomberg, May 4, 2016–Levine, Matt
The new rules demystify some of the magic of banking. They force counterparties to examine the trick more closely, and to confront the fact that it covers up but doesn’t quite eliminate risk.
