Despite the FHA loss of market share to the private mortgage insurance business in the second quarter of 2016, stakeholders continue to believe that an FHA premium reduction is not likely to occur any time soon. Analysts with Keefe Bruyette & Woods said that, while investor concern about an FHA price cut remains elevated, the likelihood of a cut “is not very high” and the impact would be limited since the FHA is likely to cut rates only by about 30 basis points before hitting the ...

Mortgage delinquencies declined in the second quarter of 2016 compared with the previous quarter, according to the Mortgage Bankers Association. Industry analysts suggest that ongoing improvements to mortgage performance are driven by economic trends along with home price appreciation. According to the MBA, the serious delinquency rate, not adjusted for seasonal factors, declined on a quarterly basis for prime loans, subprime loans, FHA loans ... [Includes one data chart]

The Federal Housing Finance Agency again made clear that it has no immediate plans to lower the guaranty fees charged by the two government-sponsored enterprises in conservatorship. Guaranty fees more than doubled from 2011 to 2015, rising to 56 basis points, according to the FHFA’s most recent annual report on g-fees. Moreover, g-fees crept up in the past year, averaging 59 bps in 2015, compared to 57 bps in 2014. But the FHFA believes that slight uptick ...

Among the top 10 lenders in the second quarter of 2016, PennyMac Financial posted the largest increase to originations on a quarterly basis and compared with the second quarter of 2015, according to Inside Mortgage Finance. The lender plans to continue to grow, including launching a wholesale-broker operation in mid-2017 and putting an emphasis on consumer-direct production. PennyMac reported originations of $16.11 billion in the second quarter, up 47.9 percent ...

Most of the participants in the review processes instituted by the Consumer Financial Protection Bureau prior to issuing four major mortgage-related rules felt rushed by the process and unsatisfied with the final results, according to a report from the Government Accountability Office. GAO reported on the experience of panel participants involved in analyzing the likely effects of the CFPB’s TILA/RESPA Integrated Disclosure rule (TRID), the mortgage servicing regulation, its loan ...

However, Ocwen is still prohibited from buying bulk servicing rights until it receives regulatory approval from certain states…

UWM’s Mat Ishbia said competition among wholesale table-funders is a good thing…

Initially, loanDepot planned to register 35 million shares of common at a target price of $16 to $18 a unit, which gave it a maximum valuation of $630 million.

The IG suggested that state HFA downpayment assistance programs are no different than the seller-funded DPA arrangements that led to huge losses for the FHA…

“It feels like we’re getting to a floor,” said MIAC Managing Director Steve Harris.