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Investors Find Quicker Alternative to Nonperforming, REO Loan Sales

November 30, 2018
The Department of Housing and Urban Development has not conducted a single nonperforming loan sale in 2018 because apparently investors have found a quicker way to obtain newly foreclosed properties.
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Industry Groups Push for Full Senate Vote on Bright Nomination

November 30, 2018
A coalition of industry groups strongly urged Senate leadership to bring up Michael Bright’s nomination for president of Ginnie Mae for a vote in the full Senate.
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RHS Clarifies Short Sale Rules, REO Purchases by Nonprofits

November 30, 2018
The U.S. Department of Agriculture’s Rural Housing Service has issued guidance regarding short sales and sale of real estate-owned properties backed by rural housing loans.
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FHA Updates EAD System, Other Appraisal-Related Components

November 30, 2018
The FHA has announced plans to improve the web-based system lenders use to submit appraisal reports to the agency.
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Around the Industry

November 30, 2018
Congress approves flood insurance extension, FHFA announces 2019 conforming loan limits, and the VA offers password-reset guidance for servicers.
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MBA: Origination Profits Down 48.3 Percent from a Year Ago

November 29, 2018
Brandon Ivey
Lenders and their warehouse providers have been openly worrying about thinning profit margins for several quarters now with liquidity a primary concern.
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Former CFPB Deputy Director Raj Date Joins a Fintech Company

November 29, 2018
Yemeng Yang
At one time, Date headed Ethos Lending, a non-QM lending affiliate of Fenway.
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Short Takes: News Soon from Trump on the FHFA Job? / A Place-Holder / A Bright Spot, If You Can Find One / The Better Question Might Be: Who Isn’t Going Digital? / Upcoming: CFPB Advisory Board Meeting

November 29, 2018
Paul Muolo and Yemeng Yang
Joseph Otting would not be the permanent director but would be a place-holder until...
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Agency Share of Jumbo Mortgage Lending Up in 3Q18; Will Higher Loan Limits Make a Difference?

November 29, 2018
Fannie Mae, Freddie Mac and Ginnie Mae saw a slight increase in their share of big-ticket mortgage lending in the third quarter as the non-agency jumbo sector cooled, according to an Inside Mortgage Finance ranking and analysis. [Includes three data charts.]
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Warehouse Commitments Begin to Shrink as Nonbanks Struggle with Lower Originations

November 29, 2018
Warehouse lenders ended the third quarter with $65.0 billion of commitments to nonbanks on their books, a modest 3.0 percent sequential decline, according to a new Inside Mortgage Finance analysis. [Includes one data chart.]
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