Short Takes: Residential Production Plunges at Citi / MSR Holdings Down Too / But a Nice Profit for 3Q17 / JPMorgan Readies New Non-Agency MBS / Ocwen Exiting Wholesale Channel / Fannie Announces New NPL Auctions October 12, 2017 Paul Muolo and Brandon Ivey Citi’s third-party servicing portfolio is down to $49.1 billion from $147.6 billion at Sept. 30, 2016...Read More
JPM Grows Residential Lending by Almost 13 Percent in 3Q17, Keeps Adding to Whole-Loan Portfolio October 12, 2017 Paul Muolo Total mortgage banking revenue for the period came in at $1.56 billion compared to $1.43 billion in 2Q17...Read More
GSEs Continue Adapting Seller Requirements to Conform with HMDA Changes October 12, 2017 Thomas Ressler Fannie and Freddie continue to tweak their systems and processes to accommodate the new mandates, which kick in January 1…Read More
Private MI Business Kept Growing in 3Q17, FHA Activity Lagged October 12, 2017 John Bancroft Fannie and Freddie saw a 26.7 percent jump in insured first-timer loans…Read More
Fannie MH Pilot Program Could Boost This Niche Market October 11, 2017 Carisa Chappell While the pilot is limited to New Hampshire home buyers, Fannie thinks the pilot could open the door to other states doing something similar…Read More
GSEs Unaffected by Deloitte’s Computer Break-In October 11, 2017 Paul Muolo A Freddie spokesman noted: “We take cyber-security seriously as it relates to every aspect of our business.”Read More
Credit Report Gripes Filed with the CFPB Go Sky High October 11, 2017 Thomas Ressler Gripes to the bureau leapt by 53.4 percent on a sequential basis…Read More
Short Takes: Ginnie Mae Worried about Certain Nonbanks? / The David Kittle Nomination? / KKR Closes Fund to New Investors / SFR Hits $33 Billion / A New Hire for Grandbridge October 11, 2017 Paul Muolo There’s still no word from the White House on when it will nominate industry executive David Kittle to be the next president of Ginnie Mae...Read More
IG: CFPB Pushed Examiners into the Field Before They Were Ready October 11, 2017 Thomas Ressler Some examiners did not receive adequate training or developmental opportunities, the IG said…Read More
The GSEs Should Report Robust Earnings for 3Q17. Here’s Why… October 11, 2017 Paul Muolo A previously announced legal settlement with Royal Bank of Scotland will soon hit the books...Read More
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