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Mortgage Banking Income Hit From Both Sides in 2017

March 16, 2018
John Bancroft
Rising rates bolstered servicing values late in the year, but reduced production results…
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The Next Steps If Housing-Finance Reform Legislation Doesn’t Happen

March 16, 2018
Carisa Chappell
The Urban Institute believes Fannie and Freddie could be wound down within five years and be replaced by new entities with no government backstop…
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Citadel Pulls the Plug on its First Non-QM MBS, Sees Strong Growth Ahead

March 16, 2018
Paul Muolo
Nomura was serving as the lender’s investment banker on the deal…
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Things Might be Slow at Some Shops, but Not at UWM

March 16, 2018
Paul Muolo
UWM’s Mat Ishbia: “Through January and February, we did $5.1 billion with brokers and we expect these numbers to continue to grow…”
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Short Takes: Throwing Cold Water on VantageScore / Weaker Profit Margins, Never a Good Thing / Impac Thinking About Deals? / One is the Loneliest Number / Fannie Mae Looks to Sell More Real Estate

March 16, 2018
Carisa Chappell and Paul Muolo
After reporting a $44.9 million loss for the fourth quarter, Impac’s share price fell to a new 52-week low...
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Industry Waits for Release of Rep. Hensarling GSE Reform Plan; But Some Give It a Big ‘So What’

March 16, 2018
The staff of Rep. Jeb Hensarling, R-TX, is putting the finishing touches on a plan to reform the nation’s housing-finance system, but several lobbyists and trade group officials question what impact the proposal will have.
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SFIG Advises Senate to Ensure GSE Reform Plan Maintains Liquidity, Shrinks Government Footprint

March 16, 2018
The Structured Finance Industry Group wants to make sure any housing-finance reform bill ensures continued liquidity in the MBS market. The Wall Street group recently penned a letter to Sens. Bob Corker, R-TN, and Mark Warner, D-VA, to give feedback on a draft version of the Senate bill.
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Investor Demand Sturdy Enough to Absorb Slight Growth in Agency Single-Family MBS

March 16, 2018
John Bancroft
The fastest-growing program continued to be Ginnie Mae MBS, which shot up 8.2 percent for the year…
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Industry Awaits Rep. Hensarling’s GSE Reform Plan (Amid Yawns)

March 16, 2018
Paul Muolo
Hensarling is chairman of the House Financial Services Committee, which means any Fannie Mae/Freddie Mac reform bill must first go through his panel, whether he’s the author or not.
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BRAWL, With a Little Help from Its Friends

March 16, 2018
Brandon Ivey
BRAWL has worked with the marketing teams at a number of wholesale lenders...
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