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Wall Streeter Phillips to Play ‘Critical’ Role at Treasury on GSE Reform; GSE ‘Principles’ Coming Soon from Trump?

March 22, 2017
Paul Muolo
Calabria joined the Trump administration from the conservative Cato Institute and is no fan of the GSEs...
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Short Takes: Reading the Mortgage Tea Leaves for 1Q17 / When in Doubt, Go Non-QM / Impac by the Numbers / Applications Fall, Existing Homes Sales Drop as Well

March 22, 2017
Paul Muolo and Brandon Ivey
Don’t look now but the yield on the benchmark 10-year Treasury is now down to 2.40 percent. And just in time for the spring home buying season…
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Still Rising: Retail Channel Accounts for 81.6 Percent of Jumbo Originations

March 21, 2017
Brandon Ivey
Roughly $72.09 billion of jumbo mortgages were originated in the fourth quarter, down 3.4 percent on a sequential basis.
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Subservicing Sector Starting to Look Crowded As More Firms Choose ‘Capital Light’ Strategy

March 21, 2017
Paul Muolo
The nation’s three largest residential subservicing firms are: Cenlar, Dovenmuehle and Loan Care. All are nonbanks.
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MBA: Net Origination Profit Plunged 68 Percent in 4Q16

March 21, 2017
Paul Muolo
MBA noted that including all business lines, 73 percent of the mortgage companies posted pre-tax profits for the fourth quarter, down from 94 percent in 3Q16…
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USDA Securitization Rose in 2016; Chase Led the Sector, but…

March 21, 2017
George Brooks
Although JPMorgan/Chase was the market leader, it is now mostly out of the sector…
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IMF Poll: Lenders Will Liberalize Underwriting Standards – but Not by Much

March 21, 2017
Paul Muolo
Some 14 percent of respondents said they might begin making non-qualified mortgages over the coming months.
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Short Takes: Coming Soon: Falling Interest Rates? / Walter Gets Smacked Down Again / Embrace Sends its Top LOs to Boca / CoreLogic’s $5 Million Man (Rounded) / A New Hire for Silver Hill

March 21, 2017
Paul Muolo
All totaled, the new CoreLogic chief could earn almost $5 million...
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Wholesale-Broker Channel Saw Big Gains in Agency Market Last Year

March 20, 2017
John Bancroft
Mortgage brokers earned their biggest market share in the Ginnie Mae sector…
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DOJ Filing Reveals Trump Wants to Keep the CFPB, but with a ‘Removable’ Director

March 20, 2017
Thomas Ressler
Attorneys with the Ballard Spahr law firm noted that, “If the DOJ gets its way, the CFPB would remain intact with a director that President Trump can replace at any time.”
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Latest Imf News

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Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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