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Short Takes: News Soon from Trump on the FHFA Job? / A Place-Holder / A Bright Spot, If You Can Find One / The Better Question Might Be: Who Isn’t Going Digital? / Upcoming: CFPB Advisory Board Meeting

November 29, 2018
Paul Muolo and Yemeng Yang
Joseph Otting would not be the permanent director but would be a place-holder until...
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Industry Has a Muted Reaction to High GSE Loan Limits. However…

November 28, 2018
Paul Muolo
Former MBA Chief Dave Stevens on the higher conforming loan limits: “For an industry led mostly by conservatives, this dependence on a socialized financial system is really ironic.”
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GSE Purchase Market Lost Steam in October

November 28, 2018
John Bancroft
Most of the refinancings facilitated by Fannie and Freddie are cash-out deals…
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Newly Elected Democrat AGs Likely to Increase Enforcement

November 28, 2018
Yemeng Yang
“With the turmoil at the CFPB, states are feeling that they have to fill the void,” said Daniel Suvor, counsel at O’Melveny & Myers…
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Guaranteed Rate Buys Assets of Two Hawaii MBs. Details are Sketchy

November 28, 2018
Paul Muolo
The Chicago-based GR has been making loans in Hawaii since 2015…
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Short Takes: Extreme Turbulence Ahead? / When Will the M&A Tsunami Start? / Freddie Mac’s Origination Forecast / A Sudden Spark in Fresno / Trump Has Buyer’s Remorse on Powell

November 28, 2018
Paul Muolo
One warehouse chief even suggested that in 1Q19, as many as 70 percent of nonbanks will lose money before the spring homebuying season kicks in.
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Agency Share of Jumbo Mortgage Lending Increased in 3Q18

November 28, 2018
John Bancroft
Year-to-date agency securitization of conforming-jumbos totaled $72.36 billion as of the end of September…
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HUD Lists Top Challenges for 2019, Staffing Levels a Concern

November 28, 2018
George Brooks
At HUD, staffing levels have dropped almost 50 percent since 1991. From 2008 to 2017, HUD lost 18.5 percent of its full-time permanent staff, the highest staffing loss among any cabinet-level agency…
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Banks Report Sharp Drop in Mortgage Banking Income for 3Q18

November 27, 2018
John Bancroft
Through the first nine months of the year, mortgage banking income was up 20.9 percent from the same period in 2017.
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What Might a New FHFA Director Do to the Secondary Market?

November 27, 2018
Paul Muolo
Stakeholders don’t anticipate the FHFA, with a new director nominated by President Trump, to move immediately to reduce the current benchmark loan limit...
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