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Short Takes: SoFi Teams up with Fannie Mae on Student Loans / Puff? / What a Trump Victory Could Mean for Stocks, Bonds / The GSEs and MI Changes? / Reverse Lending Hits a Milestone

November 2, 2016
Paul Muolo
Will we finally see a 2.0 percent fixed-rate GSE loan then? Black swans, black swans...
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Banks Post Strong Mortgage Profits for 3Q16

November 1, 2016
John Bancroft
The four megabanks had significantly greater earnings as a group: $2.684 billion, but the gain was slightly lower, 21.2 percent.
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Freddie Mac Hits Earnings Home Run: $2.3 Billion for 3Q; All of it Headed to Uncle Sam

November 1, 2016
Carisa Chappell and Paul Muolo
Through the first nine months of 2016, Freddie Mac earned $2.97 billion. It lost $354 million in 1Q and then turned around and posted a $993 million profit in the second quarter.
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CFPB Faults Lenders for Poor Compliance Management Systems, Violations of Various Regulations

November 1, 2016
Brandon Ivey
The CFPB also found that some banks used employees from a staffing agency who were not properly registered or licensed...
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Phoenix Selling $1.8 Billion of GSE Servicing Rights

November 1, 2016
Paul Muolo
According to the offering circular, 82 percent of the underlying mortgages were sourced through loan brokers...
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Short Takes: Freddie’s Multifamily Segment Had Better Income than SF / Shrinkage not Exit / Analysts Turn Negative on Altisource / Some Good News for the Vendor / Boomers Have Home Equity, but…

November 1, 2016
Paul Muolo
The research firm also cites what it calls a “lack of transparency regarding fundamental business and accounting drivers”…
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Appraisal Trade Group to FHFA: Freddie Mac is Making a Big Mistake on Appraisals

November 1, 2016
Carisa Chappell
In an interview with IMFnews, Freddie CEO Don Layton defended the GSE’s move toward automated appraisals…
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Prospect Mortgage Slated for Sale to HomeBridge. Combined Firm Could Rank #10 Among NBs

November 1, 2016
Paul Muolo
The sale was brokered by investment banker Houlihan Lokey.
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Agency MSR Transfer Market Gained Speed in 3Q16

October 31, 2016
John Bancroft
Pingora Loan Servicing, Matrix Financial Services and Arvest Bank were the top acquirers of GSE servicing through co-issuance over the first nine months of the year.
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Mortgage Industry Catches a Break, for Now, on Change to IRS Tax Transcript Process

October 31, 2016
Thomas Ressler
Earlier in the year, the IRS said it planned to strengthen the protections for e-services accounts by requiring a stronger identity verification process for existing and new accounts.
Read More
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