Senate Lawmakers Consider Proposal to Increase VA Home Loan Fees August 2, 2018 George Brooks It's unclear whether the proposed increase in VA home loan fees would be used to fund an expected increase in veteran health-care costs…Read More
Prime Jumbo MBS Issuance Off to a Slow Start in 3Q18 as Redwood Brings a Smaller Deal August 2, 2018 Brandon Ivey Loans from United Shore account for 19.0 percent of the new issuance.Read More
Fannie Posts Net Profit of $4.5B for 2Q, Will Upstream All of it to Treasury by Sept. 30 August 2, 2018 Paul Muolo and Carisa Chappell Fannie Mae's "account surplus" with Uncle Sam continues to grow...Read More
Servicing Market Continues Deconsolidation Trend, Big Banks Keep Slipping August 2, 2018 John Bancroft The biggest gainer among the top 50: New American Funding in California…Read More
Fannie Posts Net Profit of $4.5B for 2Q, Will Upstream All of it to Treasury by Sept. 30 August 2, 2018 Paul Muolo and Carisa Chappell An $8.8 billion profit for the first-half of 2018 ... Not bad...Read More
Short Takes: Treasury Department Makes Recommendations on the FCA / A Strong Showing by Arch MI / Synergy One Looks to Add Loan Officers / Under a GOP FHFA Director, the Conservatorships Will End / Churchill Mortgage Names Regional Managers August 1, 2018 Paul Muolo and George Brooks A prediction: “Watch for an end to the GSE conservatorships under a Republican Director at the FHFA... Read More
Lenders Divided on Potential for Non-QMs. Demand Exceeds Supply? August 1, 2018 Brandon Ivey SG’s Justin Mahoney estimated that lenders participating in the panel were backed by $10 billion of capital aimed at expanded-credit products…Read More
New Report: Over Half of Flawed FHA Loans Were Cured August 1, 2018 George Brooks Roughly 59.8 percent of the reviewed loans were initially deemed unacceptable. Read More
The Poor Performance of the Fairholme Fund? Blame Fannie and Freddie August 1, 2018 Paul Muolo Fairholme: “Fund performance was disappointing in the first half mostly due to the decline in the preferred shares of Fannie Mae and Freddie Mac…”Read More
Treasury Likes Fintech but CSBS Has Major Concerns on Handing Out Charters August 1, 2018 Yemeng Yang The report makes more than 80 recommendations related to fintech and nonbank financial policy. Read More
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