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Agency MSR Market Grew Modestly in 3Q18 as Nonbanks Continued Their March Forward

October 18, 2018
John Bancroft
Fun fact: Nonbanks went over the 60.0 percent threshold in Ginnie Mae market share during the third quarter.
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Fitch Faults Other Rating Services for AAA Grade on Galton’s Non-Agency MBS

October 18, 2018
Brandon Ivey
The three rating services noted the unique treatment of unpaid interest in their presale reports…
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Agency Mortgage-Servicing Market Grew Modestly in 3Q18 as Nonbanks Continue Amassing Market Share

October 18, 2018
The agency mortgage-servicing market continued to grow at a steady pace during the third quarter of 2018, fueled by strong purchase-mortgage originations, according to an exclusive ranking and analysis by Inside Mortgage Finance. [Includes two data charts.]
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FHFA, GSEs Launch Central Source of Translated Home Loan Documents in Spanish, More Languages to Come

October 18, 2018
As part of a multi-year language access plan, the Federal Housing Finance Agency and the government-sponsored enterprises this week introduced the first phase of a mortgage translation clearinghouse to better serve Spanish-speaking borrowers.
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Short Takes: BCFP, Not CFPB / At MBA, Standing Room Only for Mick Mulvaney / Annaly Readies Non-QM MBS / A Warehouse Securitization Deal for loanDepot / Cash is King

October 18, 2018
Brandon Ivey and Paul Muolo
An affiliate of Annaly Capital Management is preparing to issue a $384 million mortgage-backed security stocked with non-qualified mortgages and loans for investment properties…
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Complaints Filed with the CFPB Fell by Double Digits in 3Q18

October 17, 2018
Yemeng Yang
The three major credit reporting bureaus – Experian, Equifax and TransUnion – continued to rank first, second and third, respectively, in the number of complaints filed…
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Ginnie Mae Terminates 360 Mortgage Group from Program

October 17, 2018
Paul Muolo
As IMFnews went to press, multiple telephone messages and emails to 360 Mortgage had not been returned.
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A Slight Gain in Originations for U.S. Bank in 3Q18

October 17, 2018
Paul Muolo
Loan production increased at U.S. Bank but mortgage revenue declined…
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Short Takes: What Will Ben Carson Cut? / GSE DTI Ratios Too High? / A Woman May Head the FHFA / Nomura Settles with DOJ / Strong Earnings from MGIC / Needed: Some CFPB Guidance

October 17, 2018
Brandon Ivey, Paul Muolo, and Yemeng Yang
Budget cuts coming to HUD?
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MBA Panelists Express Grave Concerns about the Current Profit Picture

October 16, 2018
Paul Muolo
Ken Logan, managing director of warehouse finance for Wells Fargo Bank, noted that nonbanks need to know “not having cash matters.”
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