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The Push for Housing Counseling to Expand, Evolve, Integrate and Attract Millennials

August 11, 2016
Homebuyer counseling classes should expand and evolve, according to some in the industry who said such programs are critical to promoting successful homeownership. And there have been a few changes this year that speak to the growing importance of borrower education. Studies show that borrowers participating in homebuyer counseling classes are more likely to sustain homeownership than those who haven’t been counseled. But a newly published paper from the Urban Institute said...
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Across the Board it was an Ugly 2Q16 for MSR Markdowns

August 11, 2016
Paul Muolo
Before the financial crisis, it wasn’t unusual for a bank to value its MSR asset at 150 bps or even higher.
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Short Takes: VA 2Q Loan Volume at $48 Billion / Hedge Funds See Bargains in Servicing Rights? / Bill Erbey Continues to Sell Shares / Michigan Mutual’s New Hire

August 11, 2016
John Bancroft and Paul Muolo
Some investors believe servicing prices now look enticing.
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GSE Credit Box Hardly Budged in 2Q16

August 10, 2016
John Bancroft
The share of refi loans with scores of 740 or higher edged up from 57.8 percent in the first quarter to 61.6 percent in the second.
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Megabanks the Big Winners as Jumbo Conduits Close?

August 10, 2016
Paul Muolo
The fear is that loan pricing will be worse and loan-to-value ratios will be more restrictive.
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S&P Upgrades Ocwen’s Servicer Ratings, Removing the Threat of a Non-Agency Servicing Transfer

August 10, 2016
Brandon Ivey
S&P said the upgrade was prompted by improvements to Ocwen’s “control environment,” among other items…
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It’s Summer Vacation Time, but Mortgage Applications are Going Strong

August 10, 2016
Sherry Muolo
The VA share of new loan applications improved to 13.0 percent from 12.1 percent the week prior.
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Loan Broker Employment Best Since the Financial Crisis

August 10, 2016
Paul Muolo
UWM is beginning to see some of its competitors pick up their game...
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Short Takes: Brokers are Hot, Bankers Not So Much / Help Wanted: Senior Mortgage Execs / Flagstar Boosting Retail / The Cost Savings From Closing a Jumbo Conduit / New NPL Auction from Fannie Mae

August 10, 2016
Brandon Ivey and Paul Muolo
Senior-level mortgage executives are in demand these days, according to one recruiter...
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July Brings a Surge in New GSE Business, Thanks to Strong Purchase Market

August 9, 2016
John Bancroft
Of the two GSEs, Freddie Mac had the bigger monthly increase at 17.1 percent…
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Latest Imf News

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Featured Data

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