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Fewer Renters Looking for a Purchase Mortgage, Saving for Downpayment a Significant Hurdle

April 20, 2017
The share of renters who expect to purchase a home is declining, according to a survey conducted for Freddie Mac. Even though many renters reported optimism about their financial situations, saving for a downpayment and other factors present hurdles to financing a home purchase. Some 41 percent of renters surveyed said they expect to purchase a home, down from 45 percent in September. Freddie also found that the number of renters who say they are working toward homeownership fell from 21 percent in September to 15 percent in March. Most renters said...
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Incenter Selling GSE/Ginnie Servicing Package

April 19, 2017
Paul Muolo
On a loan count basis, Michigan represents the largest chunk of the portfolio at 37.1 percent.
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Short Takes: Randy Quarles, the Fed and the GSEs / What Role? / A Sign from Movement Mortgage? / Investing in a MortgageHippo / LoanCare Hires CIO

April 18, 2017
Paul Muolo
Of course the bigger question is this: what role, if any, will the Fed play in deciding the future of Fannie and Freddie?
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FHFA IG Cites Problems with the Agency’s Examiner Program

April 13, 2017
Carisa Chappell
The agency has acknowledged the need for a commissioned examiner program to provide classroom and on-the-job training…
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Short Takes: Ed DeMarco and TBTF / An Accomplishment: G-Fee Parity / Hensarling’s Donors / GSEs Stay Busy on the Multifamily Front / What Mortgage Directors Earn

April 13, 2017
Paul Muolo
In 2012, the g-fee disparity fell to about 6 bps. By 2013 it was just about gone. And you can credit Ed DeMarco…
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Financial Services Roundtable Names Former FHFA Director Ed DeMarco President of its HPC

April 12, 2017
Carisa Chappell
In June of last year, DeMarco co-authored a Milken Institute white paper entitled “Why Housing Reform Still Matters." In it, he argues: "…we need to preserve the liquidity and capacity of an active, globally financed MBS market…”
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Still a Better Deal: Selling ‘Conforming’ Jumbos to Fannie and Freddie. But for How Long?

April 12, 2017
Brandon Ivey
However, conforming jumbos accounted for 36.3 percent of the $1.03 billion non-agency MBS JPMorgan Chase issued in February.
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Short Takes: CFPB Continues to Hire – Examiners / The Ginnie Mae Job? / An End to ‘Implied’ Guarantees / The Ginnie Mae ‘Plan’ / Fears About the Mortgage Interest Tax Deduction

April 12, 2017
Paul Muolo and Thomas Ressler
More CFPB examiners means more CFPB exams? Maybe, maybe not...
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Investment Banker Craig Phillips is Treasury's ‘Point Person’ on GSE Reform

April 11, 2017
Paul Muolo
One trade group said Phillips has already reached out to the industry, gathering opinions on key issues facing the market, including Fannie and Freddie…
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Mortgage Brokers Lost GSE Market Share in 1Q17; Lowest Reading in Six Years

April 11, 2017
John Bancroft
A new Inside Mortgage Trends analysis reveals that the supply of mortgages originated in the wholesale-broker market fell 42.8 percent during 1Q17…
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