Steve Abreu, founder and CEO of Newfi, said the privately held nonbank is taking resumes from wholesale representatives and underwriters.

With Trump being a real estate developer – though that part of his career is on hold right now – it will be interesting to see if he takes a hands-on approach to reforming the GSEs...

Fannie Mae and Freddie Mac – wards of the federal government for over nine years now – are poised to report stellar earnings for the third quarter, likely blowing past results of the prior two periods, according to an analysis by Inside MBS & ABS. Not only did the two government-sponsored enterprises benefit from a strong origination market in the third quarter, and robust guarantee fee income, but a previously announced legal settlement with Royal Bank of Scotland will soon ...

MetLife said a number of new investors have started buying RPLs in recent years. And even with the strong demand, it’s still a market that offers relatively attractive returns…

The RNC document says the GOP “recognizes the sanctity of property rights in America,” which should warm the hearts of GSE common and junior preferred shareholders…

Fannie Mae and Freddie Mac saw a huge jump in deliveries of purchase-money mortgages during the third quarter, although the first-timer share of the market fell slightly. The two government-sponsored enterprises securitized $140.75 billion of purchase mortgages during the third quarter, an increase of 26.4 percent from the previous three-month period. Purchase loans accounted for 62.9 percent of loans sold into GSE mortgage-backed securities during ... [Includes two data charts]

Plenty of potential homebuyers have prequalified with HomeStreet Bank for mortgages this year but the bank has significantly cut its mortgage staff because originations have been below expectations. The bank focuses on markets on the West Coast and officials said purchase-mortgage originations have been constrained by a low supply of homes for sale. “The strong West Coast economies and local markets in which we operate are continuing to produce above-average job and population growth ...

There’s room for improvement in loan origination system offerings, according to a survey of 250 lenders by Strategic Mortgage Finance Group. The consulting group recently released details from its 2016 survey on lenders’ LOS. Lead generation/management was by far the lowest rated functionality within various systems. Only 4.0 percent of survey participants said the lead generation/management offered by their LOS was highly effective. “With the market shift to more purchase business, the lack ...

Thanks to a comeback in private-money lending and a boom in the “fix-and-flip” sector, FCI Lender Services has seen its servicing portfolio double the past two years to roughly $7 billion. By 2019, it expects to be servicing upwards of $10 billion. At least that’s the forecast from Gordon Albrecht, senior director in charge of marketing and strategies for the Anaheim, CA-based nonbank. “Business is accelerating across the board,” said Albrecht. The only sector that’s not expected to show ...

Accenture, a global professional services company, is re-imagining Software-as-a-Service to give mortgage lenders an advantage in migrating to a digital lending environment. In a new white paper, the firm begins by noting that mortgage lenders are moving as quickly as possible these days toward the digital mortgage. “While each lender defines this product slightly differently, the consumer sees it as an overdue evolution in home finance,” said Accenture. “There are many advantages for ...