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Jumbo Mortgage Production Down Sharply in First Quarter

June 14, 2018
John Bancroft
Wells Fargo ranked first among non-agency jumbo originators, followed by Chase and Bank of America…
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Jumbo Mortgage Production Down Sharply in Early 2018, Biggest Impact on Purchase Market

June 14, 2018
Mortgage production indicators were down almost across the board during the first quarter of 2018, but the jumbo market posted some of the biggest declines of all. [Includes three data charts.]
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Merrill Lynch Faulted by SEC for Non-Agency MBS Trading Practices from 2009 through 2012

June 13, 2018
Brandon Ivey
In settling with the SEC, Merrill Lynch did not admit or deny the findings…
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Short Takes: No Relief in Sight for GSE Common / Pershing Square in a World of (GSE) Hurt? / JMP Likes Impac / Consumer Data Collection Returns to the CFPB / Plaza Home Promotes Fontaine

June 12, 2018
Paul Muolo and Yemeng Yang
JMP likes the higher profit margins that accompany non-QM lending…
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Pittsburgh Bank Agrees to Sell its Consumer Finance Unit

June 11, 2018
Paul Muolo
Besides selling RFC, the publicly traded FNB is consolidating 20 of its branches in a cost cutting move.
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So Much Home Equity, But Not Much Lending. Reason: Tight Underwriting

June 8, 2018
Brandon Ivey
Home equity outstanding hit a peak of $13.43 trillion in the first quarter of 2006 then tumbled during the financial crisis...
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What We’re Hearing: Time to Enter the Non-QM Market? / LoanScorecard is Bullish on the Sector / Citadel and AO Keep Humming Along / FTC Wants to Know More About How the RE Brokerage Industry Works / A Bunch of ‘Yes Men’ on the CFPB Advisory Board? / Mulva

June 8, 2018
Paul Muolo
To conservatives in the financial services industry, Mick Mulvaney is a hero.
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Home-Equity Lending Starts the Year on a Flat Note

June 7, 2018
John Bancroft
Bank of America once again ranked first in terms of new HELOC commitments, according to Inside Mortgage Finance…
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Home-Equity Lending Starts New Year on Flat Note, But Lenders Show Willingness to Lend

June 7, 2018
Home-equity lending stumbled in early 2018, although borrower demand and lender interest both seem relatively strong, according to a new Inside Mortgage Finance analysis. [Includes three data charts.]
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Outstanding Home Equity at Record Levels as Use of Cash-Out Refis and Home-Equity Loans is Limited

June 7, 2018
The amount of home equity outstanding hit a record in 2017, surpassing the previous peak seen in the run up to the financial crisis. Economists at the Federal Reserve Bank of New York note that equity extraction by borrowers has been limited by tight underwriting standards.
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