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Inside Mortgage Trends
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Short Takes: Is SF in a Housing Bubble? / If You’re Going San Francisco, Bring Lots of Money for that Hotel Room / Some Think It’s Easy to Get a Mortgage / Rates Fall / BOK Hires Fifth Third Executive to Head Mortgage Unit

July 7, 2015
Carisa Chappell, Paul Muolo, and Sherry Muolo
According to a new consumer survey from Fannie Mae, 63 percent of consumers think that now is a good time to buy a home, tying a survey low...
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Retail Channel Played a Key Role in 2Q Business Surge at Fannie and Freddie

July 6, 2015
John Bancroft
The rise in retail market share likely reflects the fact that smaller lenders, which are more likely to do retail lending exclusively, account for a growing share of GSE business.
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Mortgage Hiring Keeps Apace, But: No More Weekends Off

July 6, 2015
Paul Muolo
Savitt noted that some lenders don’t want to staff up too much “only to have to lay off workers later on.”
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‘Marriage Equality’ Passes, But Will It Have Any Effect on Mortgage Production?

July 6, 2015
George Brooks
In addition, 25 percent of all LGBT survey respondents said they plan to purchase real estate in the next three years.
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Good News for Lenders: Cash Purchases Lowest Level Since November 2009

July 6, 2015
Paul Muolo
RealtyTrac noted that the peak for cash deals came in February 2011 at 42.2 percent of all transactions.
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The Affordable (and Not So Affordable) Markets

July 3, 2015
About 90 percent of the housing markets in the U.S today are considered affordable, according to RealtyTrac. Speaking at a recent real estate conference in Miami, RealtyTrac Vice President Daren Blomquist said places like San Diego and Seattle are on the threshold of exceeding their historic affordability. …
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Retail Channel Played Key Role in Second-Quarter GSE Business Surge

July 3, 2015
Retail mortgage originations accounted for 61.0 percent of the single-family home loans securitized by Fannie Mae and Freddie Mac during the second quarter of 2015, according to a new Inside Mortgage Trends analysis. That was up from a 58.4 percent retail share during the first three months of the year, and it marked the highest retail share of new Fannie/Freddie business since the … [includes two data charts]
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Banks Report Record Low in Repurchases

July 3, 2015
Commercial banks and thrifts reported just $996.7 million in single-family mortgage repurchases and indemnifications during the first quarter of 2015, according to a new Inside Mortgage Trends analysis of call report data. It was, by a nose, the lowest quarter repurchase total reported by the banking industry since regulators began collecting this data back in early 2008. In the third quarter of last year, bank repurchases … [includes one data chart]
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Mortgage Hiring Poll: Production Staff in Demand

July 3, 2015
Thanks to strong residential origination volumes this year, the desire to hire loan processors, underwriters and loan officers is particularly robust right now. According to a survey of mortgage industry officials by Inside Mortgage Trends, 31 percent of respondents said they need processors and underwriters more than any other employee type. Loan officers came in a somewhat close second at 27 percent. …
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Specialty Servicers Slowed by Fewer Delinquencies

July 3, 2015
Two weeks ago, specialty servicer Wingspan Portfolio Services shuttered its Melbourne, FL, office, leaving 150 servicing workers without a job. But more bad news may be on the way for the once fast-growing “contract” servicer. According to industry officials close to the company, the privately held Wingspan is in need of new contracts – badly. …
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