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Inside Mortgage Trends
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When the Going Gets Tough, Some Lenders Start Cutting Fees

December 14, 2016
Paul Muolo
“Roughly 30 to 40 percent of our customers are eligible to waive escrows,” said UWM CEO Mat Ishbia.
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Mortgage Applications Drop 4.0 Percent, but Refi Share Rises

December 14, 2016
Paul Muolo
Some industry executives believe the recent spike in interest rates could prove temporary.
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Short Takes: More FHA Commissioner Candidates? / Others… / GSE ‘Chattel’ Lending, A Work in Progress / Mortgage Complaints Drop / Closing Corp. Hires Former Black Knight Official

December 14, 2016
Carisa Chappell and Paul Muolo
At least four names have surfaced for the FHA job in the Trump administration...
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Loan Officer Compensation: 45 Percent of Firms Pay 76 to 150 BP

December 13, 2016
Paul Muolo
However, some nonbank executives feel that with originations expected to decline in 2017, it may time to cut back on compensation paid to LOs.
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Will Higher Rates Crush Originations in 2017? Freddie Mac Thinks So

December 13, 2016
Brandon Ivey
Freddie Mac believes that refis will decline by 53.0 percent from 2016 to 2017…
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Ally Bank Unveils ‘Direct-to-Consumer’ Mortgage Launch

December 12, 2016
Paul Muolo
With refis drying up, Ally is ready to launch a direct-to-consumer mortgage effort…
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Mortgage Stocks Take Part in the ‘Trump Rally’

December 9, 2016
Paul Muolo
Late this week, Nationstar’s common was selling for $19.17 a share, just pennies below its yearly high. PennyMac Financial topped its high for the year.
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Subprime Loan Performance Improves, but Servicing Continues to Run Off

December 9, 2016
Brandon Ivey
Caliber Home Loans was the only subprime servicer among the top 10 to increase its subprime portfolio compared with the third quarter of 2015
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Pre-crisis Ghost Still Haunts GSEs as Seller Repurchases Spike Up in 3Q16

December 9, 2016
Mortgage buybacks by companies that sell loans into Fannie Mae and Freddie Mac mortgage-backed securities took an unlikely turn higher in the third quarter of 2016, according to a new Inside Mortgage Trends analysis of repurchase disclosures by the two government-sponsored enterprises. But the sudden 31.5 percent jump in industry-wide buybacks was largely due to one company – Bank of America – paying off the liabilities it inherited from Countrywide ... [Includes two data charts]
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TRID Defects Dip, Improvements Take Hold

December 9, 2016
Defects in mortgage loans produced under the Consumer Financial Protection Bureau’s integrated disclosure rule fell modestly in the second quarter of 2016, after peaking in the first three months of the year. This is the first such drop since the TRID rule took effect in October 2015, according to a new quality control analysis from ARMCO, a risk management technology vendor. “TRID-related defects continue to be the leading area of concern in post-closing reviews; however ...
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Latest Imf News

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