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Short Takes: Keeping an Eye on GSE Hurricane Charges / The Tax Bite / In the End, Treasury Wins No Matter What / More Delinquency Data / A Promotion at Norcom Mortgage

October 31, 2017
Carisa Chappell and Paul Muolo
You might say that in the end, Treasury cannot lose when it comes to the GSEs...
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Sharp Differences in Denial Rates for Jumbos; Some Nonbanks Have Turn-Downs North of 40 Percent

October 30, 2017
Brandon Ivey
In 2016, the overall denial rate for applications for jumbo mortgages was 18.6 percent.
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FHFA Adds Language-Preference Question to New Loan Application Despite Industry Opposition

October 30, 2017
Carisa Chappell
The wording of the language-preference question first tells borrowers that their loan transaction is likely to be conducted in English but gives them the option of selecting one of six languages: English, Chinese, Korean, Spanish, Tagalog, and Vietnamese…
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New Fannie Mae Survey: Humans, Not Robots Preferred

October 30, 2017
Paul Muolo
Also, lender websites don’t seem to sway consumer choices very much…
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FHA/VA Delinquencies Continue Climbing in 3Q17 While Servicing Grows

October 30, 2017
John Bancroft
Some 6.03 percent of FHA loans were 30-to-60 days past due as of the end of the third quarter, up from 4.51 percent in June.
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NAHB Turns Against GOP Tax Overhaul After Homeownership Credit is Nixed

October 30, 2017
Paul Muolo
NAHB said by sharply reducing the number of taxpayers who would itemize, “what’s left is a tax bill that essentially eviscerates the mortgage interest deduction…”
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Short Takes: No Retained Portfolio for the GSEs? / A 33 Percent Chance for a Bill / Have a Mortgage Question? Ask a Real Estate Agent First / MIAC Selling Whole Loans / PrimeLending Picks SoCal Manager

October 30, 2017
Paul Muolo
No GSE-retained portfolios in Treasury's plan?
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Nationstar May Hit the Auction Block Soon

October 30, 2017
Paul Muolo
In February, SoftBank agreed to buy Fortress for roughly $3.3 billion in cash.
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GSE Credit-Risk Transfer Activity Slowed in 3Q17, Though Freddie Tested New Version Early in 4Q17

October 27, 2017
New issuance of credit-risk transfer debt notes by Fannie Mae and Freddie Mac slowed during the third quarter of 2017, according to a new Inside MBS & ABS analysis. However, Freddie recently issued a small CRT variation that’s designed to expand participation in the market by real estate investment trusts and foreign investors. During the third quarter, the two government-sponsored enterprises issued $3.62 billion of traditional CRT notes through ... [Includes one data chart]
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Trump Team Working on Principles for Housing-Finance Reform, ‘Discussion Draft’ Expected in Senate This Year

October 27, 2017
Work on housing-finance reform looks likely to ramp up in the coming weeks and months, including a document from the Trump administration and legislation in the Senate. But many policy analysts believe that passage of comprehensive legislation is still years away, giving great power to the next director of the Federal Housing Finance Agency. The Treasury Department will likely release principles on housing-finance reform within weeks, according to David Stevens ...
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