One of the biggest takeaways for the mortgage industry in Republicans’ tax reform effort is that homeownership incentives provided by the mortgage interest deduction will be reduced significantly. Republican leaders have stressed that they don’t plan to eliminate the MID. But a near doubling of the standard deduction and other provisions included in tax reform will make the deduction worth much less, according to Leonard Burman, an institute fellow at the ...

The total unpaid principal balance for mortgages backing the deal has yet to be disclosed.

“The other natural job would be as CFPB director,” the Cowen analyst continued. “That said, Hensarling has shown much greater interest in housing finance…”

Flagstar Bank was the top originator of loans that fed prime non-agency MBS in the third quarter…

The trade group also found that refinancings are declining as well: down to 48.7 percent of all new applications from 49.5 percent for the week ending Oct. 20.

Look for another reverse mortgage lender to hit the auction block...

In late December, Freddie will make its regular quarterly dividend payment to the U.S. Treasury, which holds its senior preferred shares. When it does, most of the $4.67 billion in net earnings will be swept into the general fund.

According to Inside Mortgage Finance, Nationstar is the nation’s fourth largest servicer based on June 30 figures.

In the Chase MBS, 44.3 percent of the loans were originated by correspondents…

Aggressive refinancing now occurs immediately after the six-month window has expired, as some of the activity may have shifted into the custom pool market…