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CFPB Publishes Tool to Track Delinquencies, Initial Sample Finds Rates at Lowest Since Crisis

November 2, 2017
The Consumer Financial Protection Bureau this week rolled out a new online tool to track mortgage delinquency rates for all 50 states and the District of Columbia. The mechanism also illustrates the CFPB’s findings on the county and metro-area level with interactive charts and graphs, all based on information in the National Mortgage Database. The Mortgage Performance Trends tool measures loans 30 to 89 days late and those more than 90 days late. The interactive charts and maps ...
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As Year Draws to a Close, a Rush to Get Servicing Packages Sold

November 1, 2017
Paul Muolo
There continues to be some nervousness about VA receivables because of streamlined refinancings, although regulators are trying to curb abuses in the program.
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Rep. Hensarling to Retire. Speculation Immediately Begins on FHFA, CFPB Jobs

November 1, 2017
Thomas Ressler
“The other natural job would be as CFPB director,” the Cowen analyst continued. “That said, Hensarling has shown much greater interest in housing finance…”
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Short Takes: Fannie Mae Readies 3Q17 Results / Should be a Good Quarter / Another Reverse Lender Hits the Auction Block? / Rejection Rates for FHA, VA Loans / A New Hire for Stearns

November 1, 2017
Paul Muolo and George Brooks
Look for another reverse mortgage lender to hit the auction block...
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PiperJaffray: A Bank Purchase of Nationstar Might Make Sense

October 31, 2017
Paul Muolo
According to Inside Mortgage Finance, Nationstar is the nation’s fourth largest servicer based on June 30 figures.
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Short Takes: Keeping an Eye on GSE Hurricane Charges / The Tax Bite / In the End, Treasury Wins No Matter What / More Delinquency Data / A Promotion at Norcom Mortgage

October 31, 2017
Paul Muolo and Carisa Chappell
You might say that in the end, Treasury cannot lose when it comes to the GSEs...
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FHA/VA Delinquencies Continue Climbing in 3Q17 While Servicing Grows

October 30, 2017
John Bancroft
Some 6.03 percent of FHA loans were 30-to-60 days past due as of the end of the third quarter, up from 4.51 percent in June.
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Nationstar May Hit the Auction Block Soon

October 30, 2017
Paul Muolo
In February, SoftBank agreed to buy Fortress for roughly $3.3 billion in cash.
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Most Non-QM Securitized Loans Have Stayed Current, CE Should be Adequate in a Downturn

October 27, 2017
Nearly all of the securitized loans which failed to meet qualified-mortgage standards that took effect in 2014 are holding up well, and the MBS credit enhancement should be enough to handle any problems that emerge in an economic downtown, according to a new report from DBRS. The credit rating service did an analysis of the collateral and performance trends associated with the 20 securitizations backed by substantial numbers of non-QM loans that have been ... [Includes one data chart]
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Momentum Building for Housing-Finance Reform? Yes, No, Maybe?

October 27, 2017
Brandon Ivey
Joshua Rosner, managing director of Graham Fisher & Co., said his discussions with Trump officials and members of Congress suggest that the administration’s reform principles won’t be released until early next year…
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