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Inside Mortgage Finance
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MBA Members Urge CFPB to Relax, Clarify LO Comp Rule to Spur Lender Competition, Help Consumers

November 1, 2018
The Mortgage Bankers Association is pressing the Consumer Financial Protection Bureau to make reform of the loan-originator compensation rule a top priority.
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LIBOR Termination Has Potential to Benefit ARM and Reverse Mortgage Borrowers as Index Shifts to SOFR

November 1, 2018
Borrowers with adjustable-rate and reverse mortgages may benefit significantly from the phase-out of the London Interbank Offered Rate (LIBOR), according to new research by the Urban Institute. But the news is not so good for investors.
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FHFA’s Proposed Rule Consolidates FHLBank Housing Goals, Removes Volume Threshold

November 1, 2018
The Federal Home Loan Banks may be replacing housing goals that have been in effect since 2011 with a more streamlined single goal that doesn’t set specific targets for the various categories of household income.
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Freddie Earned $2.7 Billion (Net) in 3Q18. Treasury Will Get $2.6 Billion

October 31, 2018
Paul Muolo
Freddie said it expects to make the $2.6 billion dividend payment in December.
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Nonbanks Kept Growing Origination Share in 3Q18

October 31, 2018
John Bancroft
Year-over-year, United Wholesale Mortgage had the largest gain at 52.2 percent, based on originations through the first nine months of 2018.
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States Criticize the CFPB’s Plan for a Trial Disclosure ‘Sandbox’

October 31, 2018
The current policy, issued in 2013, says the bureau will not approve a trial disclosure that weakens consumer understanding of valuable information, even if it improves cost effectiveness.
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MIAC, Phoenix Capital Out with New MSR Offerings

October 31, 2018
Paul Muolo
According to the offering circular, the portfolio is top-heavy with Ginnie product...
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Short Takes: Judging Risks and Rewards at Freddie / The Gift that Keeps on Giving: The Trump Tax Cut / Despite Some Losses, Mortgage Bankers Remain Liquid / An Earnings Decline at Radian / Leaving Wells Fargo for a Nonbank

October 31, 2018
Paul Muolo and Carisa Chappell
Freddie Mac benefited to the tune of $200 million (pre-tax) by reducing the write-down on its net deferred tax asset...
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Freddie’s Layton: GSE CRT Economics Sometimes Misunderstood

October 31, 2018
Carisa Chappell
Freddie CEO Don Layton said the CRT deals are “amazingly efficient…”
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Mortgage Complaints Took a Dive in 3Q18

October 30, 2018
John Bancroft
Wells Fargo once again led the complaint pack…
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Latest Imf News

  • Purchase Mortgages Drive Up Ginnie Issuance in Second Quarter

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Featured Data

  • Fitch Retains Lead in ABS Ratings, Moves Up in MBS

  • Nonbank Tops Home Equity Lenders for First Time

  • Guild, Movement Gain HECM Market Share

  • Correspondents Up Share of Nonconforming Production

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Featured Reports

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