Fannie Mae and Freddie Mac recorded sharp declines in new business volume during the first quarter of 2018 despite a promising launch into the spring homebuying season.
Owners of mortgage servicing rights are in a sweet spot right now – thanks to rising interest rates, which have caused the asset value of their portfolios to rise by as much as 15 percent this year.
There is a lot of interest in Ginnie Mae’s proposed credit-risk transfer pilot with FHA that’s scheduled for later this year, according to the agency’s acting chief.
This is what can happen when a federal agency is taken over by someone who once called it a “sick, sad joke.” Consumer Financial Protection Bureau Acting Director Mick Mulvaney this week issued a semiannual report asking Congress to remake the agency and require that major CFPB rules be approved by Congress.
Wall Street powerhouse The Blackstone Group acquired Skyline Lending late last month, setting the stage for a potential shakeup at its mortgage operations, which include Finance of America and Stearns Lending.
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