GSE Single-Family Business Up Modestly in 2Q18 as Purchase Market Kicks In July 12, 2018 John Bancroft All of the growth in GSE volume came from the purchase-mortgage side of the business…Read More
Short Takes: FHA in a Hiring Mode / CAIVRS, Old as Dirt? / Likening the GSEs to ‘The Blob’ And His Son / Level One Ponies up to the Mortgage Bar / MSR Auction from The Prestwick Group July 12, 2018 Paul Muolo One slide in the GSE presentation is entitled, “The Blob and the Return of the Blob,” a reference to the horror movie classics of the late 1950s…Read More
Freddie to Launch Automated Servicing Transfer in August, Streamlines the Process for Smaller Lenders July 12, 2018 Freddie Mac plans to launch a new servicing transfer tool within the next couple of weeks, part of a broader effort by the government-sponsored enterprises to enhance liquidity in mortgage servicing rights.Read More
PMI Analysts Look at Fannie’s New MI Pilot, Wondering If It Poses a Threat July 11, 2018 Paul Muolo But there’s a catch for lenders: Originators will have to pay an additional loan-level price adjustment…Read More
Short Takes: Fannie Launches MI Pilot / MBA Reg Counsel Joins Consulting Firm / Non Bank Market Share Grows / FHFA Capital Rule Criticized July 10, 2018 Carisa Chappell Fannie said the new lender option allows the GSE to streamline the operational requirements of participating lenders...Read More
Agencies Leaning More on the ‘QM Patch’ July 9, 2018 John Bancroft The share of high-DTI loans has continued to go up this year…Read More
Pershing Square Tells Investors to Have Faith in the GSEs (Really) July 9, 2018 Paul Muolo Pershing Square bought its stake in the GSEs earlier in the decade at prices north of $2.00 a share…Read More
Phoenix Capital Selling Fannie/Ginnie Servicing Package July 9, 2018 Paul Muolo A few weeks back, Phoenix Capital was in the market with a flow MSR offering that carried a maximum size of $540 million…Read More
Short Takes: Those Ginnie Warnings on VA IRRRLs Apparently Worked / The Trump GSE Plan, Going Nowhere? / NJ Lender Launches Call Center in SC / Churchill in a Hiring Mode / Walker & Dunlop Hires Capital Markets Executive July 9, 2018 Paul Muolo and Carisa Chappell Although loan production is down this year, that isn’t stopping some lenders from moving forward with expansion plans.Read More
Purchase Market Springs to Life in 2Q18, Freddie Regains Market Share July 9, 2018 John Bancroft The net result was a strong gain in Freddie’s share of the GSE market…Read More
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