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Inside Mortgage Trends
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MBA: Origination Profits Down 48.3 Percent from a Year Ago

November 29, 2018
Brandon Ivey
Lenders and their warehouse providers have been openly worrying about thinning profit margins for several quarters now with liquidity a primary concern.
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Former CFPB Deputy Director Raj Date Joins a Fintech Company

November 29, 2018
Yemeng Yang
At one time, Date headed Ethos Lending, a non-QM lending affiliate of Fenway.
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Short Takes: News Soon from Trump on the FHFA Job? / A Place-Holder / A Bright Spot, If You Can Find One / The Better Question Might Be: Who Isn’t Going Digital? / Upcoming: CFPB Advisory Board Meeting

November 29, 2018
Paul Muolo and Yemeng Yang
Joseph Otting would not be the permanent director but would be a place-holder until...
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Guaranteed Rate Buys Assets of Two Hawaii MBs. Details are Sketchy

November 28, 2018
Paul Muolo
The Chicago-based GR has been making loans in Hawaii since 2015…
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Short Takes: Extreme Turbulence Ahead? / When Will the M&A Tsunami Start? / Freddie Mac’s Origination Forecast / A Sudden Spark in Fresno / Trump Has Buyer’s Remorse on Powell

November 28, 2018
Paul Muolo
One warehouse chief even suggested that in 1Q19, as many as 70 percent of nonbanks will lose money before the spring homebuying season kicks in.
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Banks Report Sharp Drop in Mortgage Banking Income for 3Q18

November 27, 2018
John Bancroft
Through the first nine months of the year, mortgage banking income was up 20.9 percent from the same period in 2017.
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New NMLS Figures Reveal a Decline in Mortgage-License Holders

November 27, 2018
Paul Muolo
In 2017, MLO license growth was strong at 8.9 percent annualized, but not this year…
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Bank Holdings of MBS Drifted Lower in 3Q18

November 26, 2018
John Bancroft
A huge chunk of the fall-off in Fannie/Freddie MBS holdings occurred at Wells Fargo, which reduced its investment in these securities by $7.31 billion.
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Altisource Will Sell SFR Investments, Pay Down Debt

November 26, 2018
Paul Muolo
Altisource has a stock repurchase plan in place that expires at Dec. 31…
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Banks Report Sharp Drop in Mortgage Banking Income During Third Quarter

November 21, 2018
The vast majority of commercial banks and savings institutions that have mortgage banking operations post positive results from those activities, but overall profitability fell significantly in the third quarter of 2018. A new Inside Mortgage Trends analysis of call-report data reveals the banking industry earned $4.025 billion from mortgage banking during the three-month period ending in September. That was down 14.5 percent from the second quarter, when ... [Includes one data chart]
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Latest Imf News

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