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Grapevine: GOS Dreams / Fannie, Freddie Earnings?

October 1, 2020
Paul Muolo
Mortgage origination profits haven’t been this good in decades. Gain-on-sale margins of 600 bps on government loans? At some shops, yes.
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FHFA OIG Finds Use of eMortgages Up Sharply During Pandemic

September 25, 2020
Dennis Hollier
The volume of eMortgages purchased by Fannie and Freddie has grown more than fourfold since 2018, but it’s still a tiny fraction of their single-family business.
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Three Amicus Curiae Briefs Filed in Collins v. Mnuchin

September 24, 2020
Dennis Hollier
After a mixed decision in the Fifth Circuit, it’s not clear how the SCOTUS will rule — especially with the death of Justice Ruth Bader Ginsburg last week. Oral arguments are scheduled for Dec. 9.
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Warehouse Bankers Pine for a Lower Risk Weighting

September 17, 2020
Paul Muolo
Even though market conditions are absolutely terrific, warehouse lenders are asking for regulatory relief on their credits. The Federal Reserve is listening, but will it swallow?
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CDC’s Eviction Moratorium Already Faces First Lawsuit

September 17, 2020
Dennis Hollier
Less than a week after it went into effect, the Centers for Disease Control and Prevention’s controversial eviction moratorium is facing a legal challenge from a landlord of a small mortgaged property.
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Agencies Authorize Relief for Recent Natural Disasters

September 11, 2020
Maria Volkova
HUD issued a 90-day moratorium on foreclosures on FHA-insured homes in the presidentially declared disaster areas ravaged by Hurricane Laura.
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Agency Delinquency Rates Continue to Ease in August

September 10, 2020
John Bancroft
The number of loans in the most severe stages of delinquency continued to climb in August, but overall default rates and forbearance counts were down.
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Agency 1-Family Business in August Hits Another Record

September 10, 2020
John Bancroft
The purchase-mortgage share of loans sold to Fannie, Freddie and Ginnie gained slightly in August, and there was some rebound in correspondent activity.
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Bulk Servicing Prices Improve but with Caveats

September 10, 2020
Paul Muolo

Signs of life in mortgage servicing sales? Believe it or not, yes, unless you're playing in the Ginnie Mae arena.


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Broad Support from Industry for Removing QM DTI Limit

September 10, 2020
Brandon Ivey
The CFPB’s proposal to replace the 43% DTI ratio limit for determining QMs with a price-based approach has received support from industry participants.
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