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Inside Mortgage Trends
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Citizens Bank Agrees to Buy Top-Ranked TPO Lender FAMC for Just 1.1-Times Book

May 31, 2018
Paul Muolo
Roughly 95 percent of FAMC's production comes from brokers and correspondents, according to Inside Mortgage Finance...
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The Beat Goes On: GSE Credit Scores Much Higher Than on Ginnie Product

May 30, 2018
John Bancroft
During the first quarter, the average credit score at Fannie Mae was 741.15, slightly below the average 744.73 at Freddie Mac.
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Another California Mortgage Casualty: First Cal

May 30, 2018
Paul Muolo
Liquidation counsel Michael St. James did not return a telephone call and email regarding the situation.
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Ditech in Danger of Being Delisted from NYSE Due to Accounting Issues, Low Capitalization

May 29, 2018
Brandon Ivey
The nation’s 12th largest servicer of home mortgages is in danger of getting booted off the NYSE.
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$1B a Year Lender First Direct Stops Taking New Applications. More to Come?

May 29, 2018
Paul Muolo
Is First Direct a harbinger of things to come?
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Non-Agency MBS Making Big Strides in 2018

May 29, 2018
John Bancroft
And there is significant price tiering in the market…
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Real Estate Agents Prefer Nonbanks when Making Referrals for Purchase Mortgages

May 25, 2018
The top four lenders receiving the highest rate of “likes” and lowest rate of “dislikes” from real estate agents were all nonbanks: Fairway Independent, Movement Mortgage, Guild Mortgage and Guaranteed Rate.
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Home Sales Expected to Increase in 2018 even with Higher Interest Rates and Home Prices

May 25, 2018
Brandon Ivey
Freddie said the strong labor market and years of pent-up interest are increasing demand for purchase mortgages.
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Investors Outbidding First-Time Homebuyers, Genworth Expects Supply of Homes to Increase

May 25, 2018
Brandon Ivey
Tian Liu, chief economist at Genworth Mortgage Insurance, said homebuilders are starting to increase the supply of homes at somewhat lower price points, which could help increase purchases by first-time buyers.
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Short Takes: FHFA Punts on MI Volume Discounts / Fannie Considering an IMAGIN of its Own / Home Sales Decline / Refi Business Worse than 2014?

May 25, 2018
John Bancroft and Brandon Ivey
A senior FHFA official said disputes over private mortgage-insurance pricing likely fall under the jurisdiction of state insurance regulators.
Read More
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