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Watchdog Group Seeks Answers from CFPB About Clayton Homes’ Lending Practices

August 22, 2017
Thomas Ressler
Clayton Homes is one of the nation’s largest mobile home sellers, and is owned by Warren Buffett’s Berkshire Hathaway.
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The Final Tally for 2Q17: FHA Lending Up, VA Production Down

August 22, 2017
George Brooks
Nonbank home originators continued to dominate the top five FHA rankings...
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A New Tally: Nonconforming Originations Hit $7 Billion in 2Q17

August 21, 2017
Brandon Ivey
Our ranking of the nonconforming sector is divided among lenders that specialize in the products and those where it accounts for a small slice of production.
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Watt Hinted He Won’t Alter the Dividend Payment Soon but That Doesn’t End the Debate

August 21, 2017
Paul Muolo
One lobbyist told Inside Mortgage Finance this week he believes that Watt eventually will strike a deal on the issue with Treasury, but he was uncertain how it might play out.
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Short Takes: Treasury Secretary Mnuchin is Staying Put / Bet on an ‘Administrative’ Fix for the GSEs? / Mr. Cooper is Born / But Alice Cooper is #1 / Lima Hires Capital Markets Chief

August 21, 2017
Paul Muolo
Confused about Mr. Cooper? Just make out the check to Nationstar Mortgage...
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Millennials Have Major Homebuying Anxiety

August 21, 2017
Sherry Muolo
Having enough money to make a downpayment was a concern of 63 percent of millennial respondents…
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Bank Investment in MBS Sets a New Record: $1.799 Trillion

August 21, 2017
John Bancroft
Total bank investment in residential MBS rose by $36.28 billion during the second quarter…
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Deephaven Mortgage Managing Director Brett Hively Departs; Former Quicken Executive His Replacement

August 21, 2017
Paul Muolo
Hively’s resume includes stints at Goldman Sachs (where Nichols also worked), New Century Mortgage Co., and Option One Mortgage.
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HARP Lives for Another Year as Fannie and Freddie Outline Its Eventual Replacements

August 18, 2017
The Home Affordable Refinance Program was arguably one of the most successful initiatives aimed at delivering consumer relief in the wake of the housing meltdown. It’s proving hard to kill. The Federal Housing Finance Agency this week extended HARP for another year, until the end of 2018. It was slated to sunset at the end of this year. The program has been extended several times since it was authorized back in 2009. The extra year is...
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Those Incredibly Shrinking GSE MBS Portfolios – a 5.3 Percent Decline in 2Q17

August 18, 2017
John Bancroft
Today, Fannie and Freddie hold $13.50 billion of subprime and Alt A MBS. At the end of 2005, they had a staggering $258.67 billion in such assets.
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Featured Data

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