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Coming Soon: The Trump Administration’s ‘Principles’ on GSE Reform

October 25, 2017
Brandon Ivey
Look for any principles on GSE reform to avoid specificity so as not to box-in legislation being drafted in Congress…
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Social Finance (SoFi) is in Play; JPMorgan Chase the Banker

October 25, 2017
Paul Muolo
What’s SoFi worth? The market may soon find out…
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Industry Urges Congress to Tweak QM Points-and-Fees Cap

October 25, 2017
Thomas Ressler
Moreover, escrowed homeowners insurance premiums may count as “points and fees” due to ambiguous drafting in the regulation…
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Short Takes: MBA CEO Dave Stevens Announces Retirement / The Search for a Successor Begins Now / MBA Bullish on Purchase Lending, Refis Not So Much / All Hail Peyton / President Bolts PrimeLending for Nonbank

October 25, 2017
Paul Muolo and Brandon Ivey
Who will replace Dave Stevens at MBA? The speculation has already begun...
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Originations Continued to Exceed Expectations in 3Q17. The Final Tally: $495 Billion

October 25, 2017
John Bancroft
Among the standouts in terms of lending growth were Freedom Mortgage, Caliber Home Loans, United Wholesale, and Home Point Financial, Inside Mortgage Finance found…
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Mortgage Complaints Filed with the CFPB Fell Yet Again

October 24, 2017
Thomas Ressler
Mortgage servicing-related gripes fell 26.3 percent in the third quarter…
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Large Banks Show Tepid Interest in GSE Servicing Market

October 24, 2017
John Bancroft
The megabanks shed a combined $48.75 billion of GSE servicing during the third quarter…
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Banks Look Forward to Revised Capital Treatment on MSRs; Worse Than Greek Bonds?

October 24, 2017
Brandon Ivey
Speaking at the MBA convention, one executive said that under current rules, bank holdings of MSRs are treated more harshly than holdings of Greek bonds.
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Flagstar Increased Residential Production by 4.5 Percent in 3Q17

October 24, 2017
Paul Muolo
Flagstar’s origination business was aided, in part, by its acquisition earlier this year of Opes Advisors...
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Nonbanks Mostly on the Sidelines in the HEL Market

October 24, 2017
Paul Muolo
It was thought that Quicken Loans, the nation’s largest nonbank funder, might follow loanDepot’s lead and enter the arena, but so far no...
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