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Home » Topics » Inside Mortgage Finance » Originations

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If Trump Cuts Corporate Taxes, Fannie and Freddie Might Need a Treasury Draw

January 19, 2017
Brandon Ivey
Antonio Weiss, counselor to the secretary of the Treasury Department, cautioned that any reduction to the corporate tax rate could prompt a draw from Treasury funds by the GSEs.
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RPM Mortgage Hits the M&A Trail Once Again

January 19, 2017
Paul Muolo
Late last year, RPM made what it called an “investment” in American Eagle Mortgage of Ohio…
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Residential Lending Tumbles at BB&T; Mortgage Earnings Drop as Well

January 19, 2017
Paul Muolo
BB&T saw residential loan production decline in the fourth quarter while its servicing portfolio fell by less than 1 percent.
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Short Takes: The No. 2 at HUD Will Be… / Carson’s Advisors / Mnuchin Says His Goal was to Modify Mortgages / The Roots of OneWest: Countrywide / Flagstar Names Whip to its Board

January 19, 2017
Carisa Chappell and Paul Muolo
Early in its existence, IndyMac was a nonbank and had been grub-staked by Countrywide Financial...
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First-Time Homebuyers in the Market Contributing to Growing Number of Terminated Closings, says Trulia

January 19, 2017
The number of “sold” homes failing to seal the deal come closing time is growing. A new report from Trulia shows that the “sales fail” rate has jumped from 2.1 percent in 2015 to 3.9 percent in 2016. Trulia noted that there was an even bigger jump in incomplete sales in the past two years. Of all listed properties in the fourth quarter of 2014, only 1.4 percent did not reach the closing table. But in the fourth quarter of 2016, the number of failed sales catapulted to 4.3 percent. The reasons those sales are falling through the cracks range...
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Treasury Nominee Mnuchin Shoots Down GSE ‘Recap and Release’ Concept

January 19, 2017
Carisa Chappell
In general, the Treasury nominee said his goal is to find a “bipartisan solution” to Fannie and Freddie...
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GSE MBS Volume Hit a 3-Year High in 2016

January 18, 2017
John Bancroft
Although heavy refinancing activity accounted for the fourth-quarter uptick in MBS issuance, 2016 was also a strong purchase-mortgage market…
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U.S. Bancorp Reports Lower Home Originations and Applications for 4Q

January 18, 2017
USB blamed the weaker mortgage performance on “lower origination and sales volume.”
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Trump May Ice the FHA MIP Cut, At Least for Now

January 18, 2017
Paul Muolo
One industry source noted: “On January 20, President Trump will be issuing an executive order that freezes all past actions over a certain period of time. The FHA premium reduction gets swept into this.”
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Deutsche Bank’s $7.2 Billion Settlement with DOJ the Largest Residential MBS Action Against a Single Entity

January 18, 2017
Brandon Ivey
DB was faulted for failing to disclose second liens on mortgages in MBS and for concealing refreshed credit scores that were worse that the credit scores disclosed to investors.
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