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Fannie Mae’s Involvement in SFR Market Raises Questions of ‘Charter Creep’

March 29, 2017
Paul Muolo
A former Fannie executive said it was always his belief the GSE charter allowed for multifamily financing but the idea was to fund “vertical” homes and not “horizontal.”
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MBA Cautions Against Defining All Loans Held in Portfolio as Qualified Mortgages

March 29, 2017
Brandon Ivey
The portfolio QM proposal is supported by many Republicans along with some Democrats...
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Applications Weak, Refis Really Weak. And: An ‘Inventory’ Problem

March 29, 2017
Paul Muolo
As one mortgage CEO noted: “We’d be knocking it out of the park already if there were more [home] sellers."
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Why Lenders Are Avoiding ‘Next Gen’ Tech Providers: the Costs are Too High

March 29, 2017
Brandon Ivey
The most prevalent users of next-gen tech were large and mid-sized lenders…
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Short Takes: Key Posts at HUD Remain Unfilled / HUD Chief Takes ‘Listening Tour’ to Texas Public Housing / Wells Gets ‘Needs to Improve’ on CRA Exam / It’s Dividend Time for Fannie and Freddie / New Hires for Selene

March 29, 2017
Paul Muolo
The Trump administration appears to be in no rush to fill key posts at HUD, Ginnie Mae and FHA...
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Retail Channel Dominated Agency Lending in 2016

March 28, 2017
John Bancroft
Mortgage brokers accounted for 12.9 percent of agency production.
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Does Trump’s Executive Order Apply to the CFPB? Looks That Way…

March 28, 2017
Thomas Ressler
Former CFPB attorney Richard Horn believes the executive order applies to the CFPB because it refers to agencies under the Administrative Procedures Act…
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NYDFS Eliminates Servicing Monitor for Ocwen; Restrictions May be Lifted on Servicing Acquisitions Too

March 28, 2017
Paul Muolo
At one point, Ocwen's management said various monitors were costing the company upwards of $80 million a year...
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The Final Tally on Publicly Traded Nonbanks: A $156.1 Million Loss for 2016

March 28, 2017
John Bancroft
However, this group of nonbank lender/servicers is hardly homogenous…
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Prepayment Rate on Mortgages in Jumbo MBS Close to Rate on Conforming Loans

March 28, 2017
Brandon Ivey
BAML suggested that one of the reasons prepayment speeds on jumbos have been relatively slow is the presence of self-employed borrowers…
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