Gateway Mortgage Founder, a Trump Supporter, Wins GOP Primary in Oklahoma August 29, 2018 Brandon Ivey The Gateway Mortgage founder won the Republican primary with 54.6 percent of the vote.Read More
Short Takes: A ‘Significantly’ Less Liquid Secondary Mortgage Market? / In Five Years the GSE Loan Limit Would be Zero (for Example) / Origination Capacity Remains Elevated / Fannie Exec Joins RoundPoint August 29, 2018 Brandon Ivey and Paul Muolo Origination capacity in the mortgage industry remains “elevated,” according to a new report from PiperJaffray. Read More
More M&A Activity Ahead for Celebrity Financial? August 28, 2018 Paul Muolo Celebrity’s Robnett hinted that a third acquisition could be revealed by October.Read More
CBO: U.S. Cost to Guarantee $12 Trillion in GSE MBS Over the Next 10 Years: $19 Billion August 28, 2018 Paul Muolo CBO projects that under current law, the share of new single-family mortgages guaranteed or held by Fannie and Freddie will slowly recede…Read More
Driven by Lower Expenses in 2Q, Nonbanks Stage a Turnaround in Origination Profits August 28, 2018 Brandon Ivey Personnel expenses averaged $5,195 per loan in the second quarter, down $704 from 1Q18…Read More
UWM Stages an Origination Sale: No-Cost Appraisals Until Yearend August 28, 2018 Paul Muolo One UWM broker, requesting anonymity, took the offer with a grain of salt: “If someone wants to help the broker and the consumer, they would dump the application fees.”Read More
Short Takes: A New Origination Forecast from Freddie / Market Share Leaders in Retail and Correspondent / FHFA Seeks Comment on ‘Golden Parachutes’ / Arch’s Reinsurance Deal / Better Mortgage Hires Fed Economist August 28, 2018 Brandon Ivey and Paul Muolo But Wells Fargo dominated in the correspondent channel with a 20.9 percent market share...Read More
IRS Gives GSE Single-Security Project a Boost August 27, 2018 John Bancroft The tax code includes several provisions that address whether the exchange of property is subject to taxation. Read More
FHA Forward Production Increases, but HECM Originations Slide August 27, 2018 John Bancroft HECM originations plunged 40.9 percent in the second quarter as tighter reverse-mortgage regulations limited the product’s appeal to borrowers…Read More
More GSE-Eligible Loans in New MBS from JPMorgan Chase August 27, 2018 Brandon Ivey The top contributors to the MBS: Chase, AmeriHome and loanDepot…Read More
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