FHA Cracks the $1 Trillion Mark. New Issuance Exceeds Runoff August 1, 2016 John Bancroft Refinancing has been heavy this year. Ginnie MBS outstanding at the end of 2015 lost $99.51 billion of FHA loans through the first six months of 2016.Read More
Whatever Happened to AIG’s Spinoff of United Guaranty? We May Know More Tuesday August 1, 2016 Paul Muolo Most observers believe the UGC IPO will happen – it’s just a matter of when. Maybe in September?Read More
Quicken Loses Appeal of NLRB Ruling on Confidentiality/Non-Disparage Clauses in Employment Contract August 1, 2016 Brandon Ivey Quicken stated: “The reality is that this decision will have no effect on how we conduct our business.”Read More
Here Come the Nonbank Earnings. It Could Get Ugly August 1, 2016 Paul Muolo According to KBR, falling rates trimmed MSR values by roughly 6 percent.Read More
The Mortgage Angle – Student Loan Debt Only Worth it if You Finish Your Degree August 1, 2016 Sherry Muolo Approximately 30 percent of survey respondents aged 18 to 29 said they would put off buying a house because of the burden of student loan debt, according to study done last year by Black Knight Financial services.Read More
Short Takes: In FHA Lending, We Don’t Trust / Let the FHA Condo Lending Begin! / MGIC Prepares Debt Offering / Tech Platform in Capital Raise / A Promotion at Williston August 1, 2016 Paul Muolo The new bill signed by President Obama should make condo lending a little easier...Read More
Commercial Mortgage Securitization Took a Tumble in 2Q16; Non-Agency Issuance Hits Four-Year Low July 29, 2016 John Bancroft Conduit deals issued in the second half of this year will benefit the most from spread tightening…Read More
Impac Posts Strong Profit Gain; Originations Increased 38 Percent in 2Q16 July 29, 2016 Brandon Ivey Impac said that while it sells production, it is now retaining more than 80.0 percent of its mortgage servicing rights.Read More
Thanks to ‘Brexit,’ Second Half Could be a Humdinger for Loan Production July 29, 2016 Brandon Ivey Rob Branthover, a managing director at Mortgage Industry Advisory Corp., noted that purchase-mortgage originators are doing well…Read More
What We’re Hearing: Is the CFPB to Blame? / Or Maybe the Math Doesn’t Work / If Only the C&I Market Would Return / NAR is Happy with TRID 2.0 / Subprime Lending Continues to Hum / What’s Wrong with a 7 Percent Mortgage? July 29, 2016 Paul Muolo Fannie Mae recently updated its loan production estimates. The GSE projects $1.78 trillion in originations this year and $1.55 trillion next year.Read More