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September 9, 2014

Mortgage Buybacks by Depositories Fall to Lowest Level Since 1Q 2008

By John Bancroft

Bank of America was once again the buyback king at the midway point in 2014.

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Poll

HUD has announced a 25 basis point cut in FHA premiums, which is slated to take effect in late January. Is your lending shop for or against a cut in FHA premiums?

For. It should help lending volumes.
Against. The private MI sector should take on this risk, not the government.
Too early to say.
I believe the new White House may scuttle the idea so it doesn’t matter.

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