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Originations
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Fannie/Freddie MI Loans Spiked 33 Percent in Second Quarter

July 14, 2016
John Bancroft
In the private MI segment, the biggest gain in percentage terms was in refinance loans…
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JPM Grew Production by 11.6% in 2Q16; But it Marked Down its MSRs to Just 81 Basis Points. A Sign of the Times?

July 14, 2016
Paul Muolo
At June 30, JPM held $175.8 billion of residential whole loans in portfolio, a gain of $7.06 billion over the reading at March 31.
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Freddie Packages Conforming Jumbos into $348.36 Million Security with Limited Third-Party Due Diligence

July 14, 2016
Brandon Ivey
Moody’s said third-party due diligence was completed on 30.0 percent of the mortgages…
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Stonegate Mortgage General Counsel McElroy Resigns

July 14, 2016
Paul Muolo
Stonegate, like many publicly traded nonbank mortgage firms, has seen its share price suffer the past year because of declining interest rates that have forced large MSR writedowns...
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Short Takes: GOP ‘Platform’ Calls for the Plug to be Pulled on Fannie & Freddie / But IU Poll Finds Voters Have Soft Spot for the GSEs / Caliber Home Loans Major Player in New Freddie MBS / Fitch on MSR Risks

July 14, 2016
Carisa Chappell, Brandon Ivey, and Paul Muolo
The GOP convention starts in a few days and the party of Lincoln and Roosevelt (Teddy) has its daggers pointed toward Fannie Mae and Freddie Mac. Bully!
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So, Who Will Cut Pricing First? FHA or the FHFA?

July 13, 2016
Paul Muolo
One mortgage insurance lobbyist added: “Fannie and Freddie really don’t want to cut fees. It would hurt their earnings. It’s hard to imagine them doing anything right now that would reduce revenues.”
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JPM, Freddie Mac Preparing Separate Securities Backed by Conforming Mortgages

July 13, 2016
Brandon Ivey
The pending deal from Chase will include 4,122 mortgages, according to a due diligence review by Opus Capital Markets Consultants…
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Omaha PE Firm Partners with Alterra Home Loans for ‘Significant’ Capital Raise

July 13, 2016
Paul Muolo
In 2015, Alterra Home Loans had a growth rate of 100 percent. The firm also has a small servicing portfolio but uses a subservicer to do the processing.
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Former FHFA Chief Ed DeMarco Says Turn the GSEs into Insurance Companies

July 13, 2016
Carisa Chappell
The authors advocate for competition in the secondary market…
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On the Rise Once Again: New Mortgage Applications

July 13, 2016
Sherry Muolo
Another week, and another gain in new mortgage applications...
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