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Retail Channel Continues to Lose Market Share as Correspondent Surges

January 14, 2019
John Bancroft
Wholesale-broker activity saw roughly the same rate of decline as the retail channel did...
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Hedging Losses Likely for Fannie and Freddie in 4Q18?

January 14, 2019
Paul Muolo
The more exaggerated the rate moves, the greater the gain or loss.
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What Michael Bright’s Resignation Might Mean for GSE Reform

January 11, 2019
Paul Muolo
The odds of GSE “recap and release” becoming a reality just went down…
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What We're Hearing: The Otting Era Commences / Waiting on the Senate (It Didn’t Work for Michael Bright) / 11 Days In and All Shook Up / HFSC Chair Worries about Furloughed Workers and Delinquencies / Keep an Eye on Jan. 15 / The Milken Institute Weighs i

January 11, 2019
Paul Muolo
We’re just 11 days into the new year and already things are getting interesting in the mortgage industry...
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Private MI Volume Slumped in 4Q18 Fannie/Freddie MBS

January 10, 2019
John Bancroft
Fannie and Freddie securitized $66.89 billion of single-family loans with private MI coverage during the fourth quarter…
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Private MI Volume Slumped in 4Q18 Fannie/Freddie MBS

January 10, 2019
The flow of conventional mortgages with private mortgage insurance coverage into Fannie Mae and Freddie Mac mortgage-backed securities fell sharply in the fourth quarter – tracking a broader slump in purchase-mortgage business. [Includes three data charts.]
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Short Takes: Who Is Maren Kasper? / Not Shy / Headed to the White House? / GSE ‘Recap and Release’ Just Got Knee-Capped / IMA Offers Bulk MSR Package

January 10, 2019
Paul Muolo
With Michael Bright's departure, GSE "recap and release" just got hurt...
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Otting Takes Charge as FHFA Acting Director

January 10, 2019
Joseph Otting, the comptroller of the currency, added the title of the Federal Housing Finance Agency acting director to his brief this week, effectively bringing the Mel Watt era at the agency to an end.
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Short Takes: UWM Removes LLPAs on Certain Loans / New Mortgage Applications Come Roaring Back / Tempering Optimism with a Government Shutdown / Seterus’ Leslie Peeler? / Complaints Registered

January 9, 2019
Paul Muolo
Four years ago, Leslie Peeler, the Fannie Mae senior vice president in charge of the GSE’s servicing decisions, left the mortgage giant for Seterus.
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Short Takes: $249 Million in Mortgage Payments at Risk? / Will Trump Order Fannie and Freddie to Stand Down? / Assessing Mark Calabria / Lovell Buys ATTOM / LoanLogics Hires Mortgage Tech Vet

January 8, 2019
Namrata Bhatia, Brandon Ivey, and Paul Muolo
Overwhelmingly, industry analysts expect Mark Calabria to shake things up at the Federal Housing Finance Agency – that is, once he’s approved by the full Senate.
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