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Originations
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Private MI Loan Volume Down Sharply in 1Q18

April 12, 2018
John Bancroft
The upside for private MIs is that their purchase business started off 2018 at a more robust level than last year…
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SG Capital Partners Packs Large Share of Non-QMs into its Latest Nonprime MBS

April 12, 2018
Brandon Ivey
SG Capital Partners focuses on loans with higher balances than other nonprime MBS aggregators.
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A Defiant Mick Mulvaney Tells Democrats: ‘I Haven’t Burnt the Place Down’

April 12, 2018
Yemeng Yang
Rep. Maxine Waters, D-CA, the ranking member of the panel, would not acknowledge that Mulvaney is the head of the agency but asked him questions anyway.
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Wedbush Takes an Ugly View on Mortgages, Says Direct Lenders will be the Biggest Losers This Year

April 12, 2018
Paul Muolo
On the plus side, Wedbush sees mortgage servicers and home builders benefitting…
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Private MI Loan Volume Down Sharply in 1Q18, FHA Saw Slightly Smaller Decline

April 12, 2018
Along with nearly all mortgage indicators, the flow of insured home loans into agency mortgage-backed securities slowed significantly during the first quarter of 2018, but early indicators suggest the FHA market may have been somewhat more resilient. [Includes three data charts.]
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Loan Officer Signing Bonuses Run Rampant in A Tough Market but the Devil is in the Details

April 12, 2018
With mortgage production coming under pressure in early 2018, some lenders are doing what might seem chancy: paying large signing bonuses to top-producing loan officers.
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Short Takes: A 10 Percent Cut in GSE Loan Limits? (Just a Thought) / Mulvaney Has Saved the CFPB $16 Million / New Rez Buys RPL Pool from Fannie / Directors for New Rez Earn How Much? / NYS Fines Nationstar (aka Mr. Cooper)

April 12, 2018
Paul Muolo and Yemeng Yang
With GSE reform all but dead, rumors about possible administrative changes abound...
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Teachers’ Union Will Sever Mortgage Ties with Wells Unless Bank Withdraws Support for NRA, Gunmakers

April 12, 2018
The American Federation of Teachers has threatened to end a mortgage partnership with Wells Fargo unless the bank stops providing support and financial services to the National Rifle Association and gun manufacturers.
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The Final Nail in the GSE Reform Coffin: Creation of the $3B Capital Buffer?

April 11, 2018
Paul Muolo
Fitch said the $3 billion reserve should be sufficient to cover income volatility during “the normal course of business, as seen when interest-rate volatility results in valuation adjustments within the GSEs’ derivative portfolios.”
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Guaranteed Rate Expects to Hit Record Volume in 2018 with Strong Purchase Activity

April 11, 2018
Brandon Ivey
The nonbank locked $2.3 billion of purchase mortgages in March, up 52.0 percent from the prior month.
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