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Ginnie and Freddie Drive Agency Servicing Increases in 2017, Nonbanks Expanding

March 22, 2018
John Bancroft
The mortgage servicing business racked up its third consecutive year of steady growth in 2017.
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Freddie Mac Has First Nonperforming Loan Sale of 2018

March 22, 2018
Carisa Chappell
Freddie Mac announced its first non-performing loan sale of the year this week.
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GSE Repurchases Hit Record Low in 2017, Freddie Shows a Faster Decline

March 21, 2018
John Bancroft
GSE buyback volume fell 11.6 percent from the 2016 total, including an 11.4 percent drop from the third to the fourth quarter of last year.
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Short Takes: Mortgage Applications Decline / Time to Close Also Declines / Freddie to Automate Calculation of Self-Employed Income / Angel Oak Grows

March 21, 2018
Brandon Ivey
The decline in mortgage applications was driven by applications for refinances, as requests for purchase mortgages increased slightly.
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Short Takes: Working Group for IRS Income-Verification / BlueWater Buys NPLs / Cherry Hill Adds Servicing from RoundPoint / Fidelity to Acquire Stewart

March 20, 2018
Brandon Ivey
The IRS recently formed a working group comprised of industry participants to address problems with the Income Verification Express Service, according to the Mortgage Bankers Association.
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The Next Steps If Housing-Finance Reform Legislation Doesn’t Happen

March 16, 2018
Carisa Chappell
The Urban Institute believes Fannie and Freddie could be wound down within five years and be replaced by new entities with no government backstop…
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Short Takes: Throwing Cold Water on VantageScore / Weaker Profit Margins, Never a Good Thing / Impac Thinking About Deals? / One is the Loneliest Number / Fannie Mae Looks to Sell More Real Estate

March 16, 2018
Carisa Chappell and Paul Muolo
After reporting a $44.9 million loss for the fourth quarter, Impac’s share price fell to a new 52-week low...
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Investor Demand Sturdy Enough to Absorb Slight Growth in Agency Single-Family MBS

March 16, 2018
John Bancroft
The fastest-growing program continued to be Ginnie Mae MBS, which shot up 8.2 percent for the year…
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Industry Awaits Rep. Hensarling’s GSE Reform Plan (Amid Yawns)

March 16, 2018
Paul Muolo
Hensarling is chairman of the House Financial Services Committee, which means any Fannie Mae/Freddie Mac reform bill must first go through his panel, whether he’s the author or not.
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What We’re Hearing: Another GSE MI Pilot on the Way / Arch Gets High Marks for Looking to the Future / Pam Patenaude for HUD Secretary? / The Mortgage Profit Blues / The Candidates to Succeed Dave Stevens are…

March 16, 2018
Paul Muolo
Already, there’s speculation that Trump would tap Deputy HUD secretary Pam Patenaude to replace Carson...
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