Mortgage giants Fannie Mae and Freddie Mac are scheduled to report fourth-quarter results next week and chances are the two will once again show strong earnings, but the black ink likely will pale a bit from the $6.7 billion they posted (combined) in the third quarter.
The mortgage industry is bracing for a flat year in terms of volume due to higher mortgage rates, a slowing economy and weak loan demand. [Includes one data chart.]
Publicly-owned commercial banks and thrifts reported widespread declines in mortgage banking income during the fourth quarter, according to a new analysis by Inside Mortgage Trends. [Includes one data chart.]
Lenders that sell single-family mortgages to Fannie Mae and Freddie Mac became slightly more daring in the fourth quarter of 2018, according to an exclusive new analysis by Inside Mortgage Trends. [Includes two data charts.]
The Internal Revenue Service has issued final regulations clarifying whether residential lenders, including nonbanks, are eligible for the 20 percent pass-through deduction under Section 199A of the Tax Cuts and Jobs Act of 2017.
Mark Calabria, President Trump’s nominee to lead the Federal Housing Finance Agency, may be looking at a prolonged confirmation process in the Senate, according to industry observers.
There has been a significant uptick in the re-performing loan market, including whole-loan sales and securitizations (some unrated), as more borrowers move from a nonperforming to re-performing status, according to a new analysis by credit rating agency DBRS.
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