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Short Takes: Extreme Turbulence Ahead? / When Will the M&A Tsunami Start? / Freddie Mac’s Origination Forecast / A Sudden Spark in Fresno / Trump Has Buyer’s Remorse on Powell

November 28, 2018
Paul Muolo
One warehouse chief even suggested that in 1Q19, as many as 70 percent of nonbanks will lose money before the spring homebuying season kicks in.
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Agency Share of Jumbo Mortgage Lending Increased in 3Q18

November 28, 2018
John Bancroft
Year-to-date agency securitization of conforming-jumbos totaled $72.36 billion as of the end of September…
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HUD Lists Top Challenges for 2019, Staffing Levels a Concern

November 28, 2018
George Brooks
At HUD, staffing levels have dropped almost 50 percent since 1991. From 2008 to 2017, HUD lost 18.5 percent of its full-time permanent staff, the highest staffing loss among any cabinet-level agency…
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Banks Report Sharp Drop in Mortgage Banking Income for 3Q18

November 27, 2018
John Bancroft
Through the first nine months of the year, mortgage banking income was up 20.9 percent from the same period in 2017.
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What Might a New FHFA Director Do to the Secondary Market?

November 27, 2018
Paul Muolo
Stakeholders don’t anticipate the FHFA, with a new director nominated by President Trump, to move immediately to reduce the current benchmark loan limit...
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Losses Nearly Nonexistent on Expanded-Credit MBS with Loans from Caliber

November 27, 2018
Brandon Ivey
Caliber’s loans are generally underwritten to a full documentation standard for income, assets and employment.
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New NMLS Figures Reveal a Decline in Mortgage-License Holders

November 27, 2018
Paul Muolo
In 2017, MLO license growth was strong at 8.9 percent annualized, but not this year…
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GSE Loan Limit Set at $484,350 for 2019, a Gain of Almost 7.0 Percent

November 27, 2018
Dennis Hollier
HERA allows exceptions for the maximum conforming loan limits for “high cost areas.”
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Short Takes: Homebuyers Hitting the Brakes / But No Reason to Panic / Senate Moves Closer to Vote on Kraninger / Freddie’s ‘Sweat Equity’ Deal / A New Hire for Embrace Home Loans

November 27, 2018
Dennis Hollier, Paul Muolo, and Yemeng Yang
Arch Chief Economist DeFranco says despite lower sales, it’s still a seller’s market in most cities…
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Biting Comments on FHFA’s Proposed Rule on UMBS

November 26, 2018
Dennis Hollier
Making sure the MBS issued by the two GSEs perform identically, within narrow limits, is key to convincing traders…
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