Deliveries of conforming-jumbo loans into mortgage-backed securities slowed during the second quarter of 2017, despite the solid increase in originations of non-agency jumbo loans, according to a new Inside Mortgage Finance analysis and ranking. During the second quarter, Fannie Mae, Freddie Mac and Ginnie Mae securitized $27.62 billion of single-unit mortgages that had loan amounts exceeding the $424,100 conforming loan limit. That was down 4.6 percent from the first three months of the year, a smaller drop than the 6.9 percent decline in total Fannie, Freddie, FHA and VA activity. But the non-agency jumbo market saw...[Includes three data tables]
Mortgage originators that produce $1 billion to $4 billion a year in loans are continuing to be courted by potential suitors, but not many sale agreements are getting signed these days, according to investment bankers. “Private equity firms are still looking to enter the business, and sellers are listening, but I’m not seeing too many deals being completed,” said Chuck Klein, a managing partner at Mortgage Banking Solutions, Austin, TX. At the beginning of the year, Klein was...
Roughly 27.3 percent of Fannie Mae, Freddie Mac and Ginnie Mae loans pooled in securities in the first half of 2017 were a month old at issuance, and 6.4 percent were two or three months old.
While in the Bush White House, Montgomery assisted in HUD’s recovery and rebuilding efforts along the Gulf Coast and New Orleans following Hurricane Katrina. He is expected to play a similar role in the wake of hurricanes Harvey and Irma.
“A number of companies are expanding the lines they need,” said Larry Charbonneau. “I’ve been doing a number of reviews for warehouse banks lately. Volume is definitely picking up.”
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