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Inside Mortgage Trends
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Waterfall Unit Brings First Rated MBS Backed by Non-Agency Reverse Loans Since 2007

November 1, 2018
Brandon Ivey
The deal is backed by jumbo reverse loans with a total unpaid principal balance of $571.8 million…
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Second-Tier Servicers Continued to Gain Market Share in 3Q18

November 1, 2018
John Bancroft
Meanwhile, the group of servicers ranked sixth through 25th had a combined increase of $119.9 billion from June 30…
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Freddie Earned $2.7 Billion (Net) in 3Q18. Treasury Will Get $2.6 Billion

October 31, 2018
Paul Muolo
Freddie said it expects to make the $2.6 billion dividend payment in December.
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Nonbanks Kept Growing Origination Share in 3Q18

October 31, 2018
John Bancroft
Year-over-year, United Wholesale Mortgage had the largest gain at 52.2 percent, based on originations through the first nine months of 2018.
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Short Takes: Judging Risks and Rewards at Freddie / The Gift that Keeps on Giving: The Trump Tax Cut / Despite Some Losses, Mortgage Bankers Remain Liquid / An Earnings Decline at Radian / Leaving Wells Fargo for a Nonbank

October 31, 2018
Carisa Chappell and Paul Muolo
Freddie Mac benefited to the tune of $200 million (pre-tax) by reducing the write-down on its net deferred tax asset...
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Freddie’s Layton: GSE CRT Economics Sometimes Misunderstood

October 31, 2018
Carisa Chappell
Freddie CEO Don Layton said the CRT deals are “amazingly efficient…”
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Digital Footprint Useful for Predicting Loan Defaults

October 30, 2018
Brandon Ivey
Fun fact: Consumers with their names in the email address were 30 percent less likely to default than other customers.
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What We’re Hearing: Cut in Half, Ellie Mae’s Share Price / 1H 2019: A Challenge / Walking the Floor of the MBA Show / A Bullish Outlook for Servicing, Non-QM Lending / If Stocks Tank Further, Good Things Might Happen / High on Chris George’s ‘To Do’ List:

October 26, 2018
Paul Muolo
But putting the negativity aside for a minute, there are a couple of bright spots in the industry: Servicing valuations and non-QM lending...
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Fannie Deploys New Tool to Help Servicers with Investor Reporting

October 26, 2018
Fannie Mae recently introduced a new tool – the Loan Servicing Data Utility platform – to simplify investor reporting.
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MSR Secondary Market Heated Up in 3Q18 with Closing of Nonbank Sale

October 26, 2018
Transfers of agency mortgage servicing rights jumped significantly in the third quarter thanks largely to Citizens Bank’s acquisition of Franklin American Mortgage, according to a new Inside Mortgage Trends analysis. A total of $179.13 billion of MSR tied to Fannie Mae, Freddie Mac and Ginnie Mae mortgage-backed securities changed ownership during the third quarter, a hefty 38.3 percent jump from the prior period. Most of the activity was in bulk servicing ... [Includes three data charts]
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