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Fannie Mae Survey: 55 Percent of Lenders See No Change in Profit Margin

September 15, 2016
Paul Muolo
Among other things, Fannie found that for 3Q16, more lenders expect to sell their mortgages to the GSEs rather than keeping them in portfolio.
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When it Comes to Refis, VA-Backed Mortgages Lead the Pack – By Far

September 14, 2016
George Brooks
There is no clear explanation as to why VA rates are lower than the competition, but some industry participants, including Tom Piercy of Incenter Mortgage Advisors, speculate prepayments might be the reason.
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Signing Bonuses for Mortgage Underwriters? Good MUs Can Earn $135,000 a Year

September 14, 2016
Paul Muolo
One mortgage branch manager described the underwriter shortage as a “big time” problem.
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Non-Agency Lenders Look to Investment Properties

September 13, 2016
Brandon Ivey
Cash-flow underwriting for mortgages on investment properties also may present regulatory concerns…
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Bank-Retained Mortgage Portfolios Keep Growing; Few Jumbos Going into MBS

September 12, 2016
Brandon Ivey
Meanwhile, while the jumbo securitization rate during the quarter was a paltry 0.8 percent…
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Garrett, McAuley Advised on Three Recent M&A Deals. As for the Names…

September 12, 2016
Paul Muolo
Meanwhile, many mortgage companies that specialize in production are posting strong profits…
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Large Gain in Wholesale Originations at Nonprime Lender Angel Oak

September 12, 2016
Brandon Ivey
Angel Oak also has a much smaller division, Angel Oak Prime Bridge, that originates nonprime mortgages for investment properties.
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Feeling Quite Optimistic About Originations: 91 Percent Say 2H Will Be Better Than 1H

September 12, 2016
Paul Muolo
Thank you 'Brexit:' Some analysts now believe the industry will surpass 2015’s origination total of $1.735 trillion.
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After the M&A Deal Closes, Keep the Loan Officers Happy

September 9, 2016
Paul Muolo
And one big no-no, the consulting firm points out, would entail the new owner making substantive changes to loan officer compensation plans…
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Candidate Clinton Supports QM ‘Safe Harbor’ for Portfolio Lending

September 9, 2016
Thomas Ressler
Candidate Clinton noted: “But when community banks and credit unions offer mortgages, they’re looking to invest in their neighborhoods and communities to help them grow and prosper…”
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