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Originations
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4Q16 So Far: Mixed Results for Banks and Mortgages. An MSR Hedging Gaffe for BOK

January 24, 2017
Paul Muolo
On the servicing front, BOK Financial revealed that 4Q16 income was reduced because it left servicing-related hedges on the books for too long...
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A Warning from MBA’s Stevens: An Industry Paradigm Shift is Underway. What to do About Refi-Heavy LOs?

January 24, 2017
Brandon Ivey
The MBA chief stressed that the market is set to shift from mortgage loan officers who can thrive as “gatherers” to a market that requires “hunters.”
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Suspending FHA Premium Cut is a Good Thing, Says AEI’s Ed Pinto

January 24, 2017
Thomas Ressler
At least some factions of the industry are happy about the FHA not cutting premiums, including Ed Pinto of AEI…
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Short Takes: Wells Fargo Accused of Improperly Charging for Rate-Lock Extensions / A Big Deal or Not? / The Golden West-Sandler-Wells Fargo Connection / UWM Chief to Educate on ARMs

January 24, 2017
Paul Muolo and Thomas Ressler
Some of the allegations surfaced in a Nov. 2016 letter sent to Congress by a former Wells LO named Frank Chavez...
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A Spike in FHA/VA Default Rates for 4Q16; A Three-Year High is Reached

January 23, 2017
John Bancroft
Meanwhile, the supply of Ginnie single-family MBS outstanding continued to set new records…
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Fannie and Freddie are About to Provide a Nice Revenue Gift to Trump Administration

January 23, 2017
Paul Muolo
In 2016, Fannie and Freddie guaranteed $973.72 billion of single-family loans, an 18.1 percent improvement from the year prior.
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Deephaven Bought $550 Million of Nonprime/Non-QM Loans in 2016

January 23, 2017
Paul Muolo
Deephaven's CEO, Matt Nichols, is a former managing director at Goldman Sachs where he worked for 12 years.
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Short Takes: The MIP Cut: No Big Deal? / A True FHA Jumbo? / New MF MBS From Freddie Mac / Nice Earnings from MGIC / Annaly’s Chief Legal Officer to Retire

January 23, 2017
Paul Muolo
One loan officer said FHA should consider building a "true jumbo program that is exclusive of Fannie Mae and Freddie Mac…”
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Upwards of $20 Billion in Legacy Subprime Mortgages Could be Refinanced

January 20, 2017
Brandon Ivey
Black Knight studied loan-level data on outstanding mortgages to derive at its conclusion…
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Residential Production at CitiMortgage Down 14 Percent in 4Q16

January 20, 2017
Paul Muolo
Citigroup’s showing in originations paled in comparison to some of its megabank competitors...
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