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Wells Top Purchase-Mortgage Lender in 2017

April 27, 2018
Wells Fargo ranked as the top purchase-mortgage lender in 2017 both in retail originations and production through third-party originators, according to a new Inside Mortgage Trends analysis of survey data. The company relied more heavily on its correspondent platform last year, posting a 16.9 percent increase in purchase-mortgage acquisitions over its 2016 volume. On the retail side, Wells’ purchase-mortgage originations were down ... [Includes one data chart]
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Mortgage Origination Volume Tanked in 1Q18, Hitting the Lowest Level Since 4Q14

April 26, 2018
John Bancroft
Production numbers were down sharply in nearly every category.
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Acting FHA Chief Dana Wade Sees Disturbing Trends, Worries About Potential Losses

April 26, 2018
George Brooks
Warning sign: In February, the percentage of FHA borrowers with DTI ratios above 50 percent rose to 24.6 percent, up from 19.8 percent a year ago.
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Lenders Divided on Whether Changes Should be Made to QM Standards

April 26, 2018
Brandon Ivey
“It appears that the larger the investment, the larger the resentment,” Stratmor said.
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Sen. Brown Says CFPB Chief Mulvaney Must Go, Cites ‘Pay to Play’ Comments

April 26, 2018
Paul Muolo
Sen. Brown said he wants a new CFPB director, one with a moral compass…
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Altisource Reports a Loss, Declining Revenue and Says the CFPB Won’t Take Action Against It

April 26, 2018
Paul Muolo
In February of last year, Altisource disclosed in an SEC filing that the CFPB was looking into the vendor’s relationship with Ocwen...
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Short Takes: Losses at Privately Held Shops? / Refis Near a 10-Year Low / Will the CFPB Target Rate-Lock Commitment Abuses? / Strong Earnings for Radian but Clayton a Drag / A New Hire for United Wholesale

April 26, 2018
Paul Muolo and Yemeng Yang
Radian's mortgage and real estate services division – which includes due diligence provider The Clayton Group – continues to struggle...
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Mortgage Origination Volume Tanked in Early 2018, Hitting Lowest Level in Over Three Years

April 26, 2018
Production of new first-lien home loans fell sharply in the first quarter of 2018, although the market was not that far off from how it began a year ago. [Includes two data charts.]
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Acting FHA Chief Says Disturbing Trends, Indicators Suggest Mortgage Insurer’s Exposure Could Increase

April 26, 2018
A high-ranking official of the Department of Housing and Urban Development warned of disturbing trends that could increase FHA’s exposure to loss.
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The GSE Reform Bust Blues: What Might Mel Watt’s Successor at the FHFA Do to Fannie and Freddie?

April 26, 2018
Mel Watt has roughly eight more months remaining as director of the Federal Housing Finance Agency, but already the industry is beginning to worry about what possible changes his successor might make to the operations of Fannie Mae and Freddie Mac.
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