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Inside Mortgage Trends
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Production, Servicing Profits Up in 3Q17

December 6, 2017
John Bancroft
Servicing income rose 1.5 percent during the third quarter, although five of the 12 companies reported declines and one of them – PHH Mortgage – posted a loss.
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HomeStreet Investors Criticize the Bank’s Mortgage Business

December 6, 2017
Brandon Ivey
The investor was also critical of HomeStreet’s efforts to expand its footprint beyond the Pacific Northwest…
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Short Takes: DoubleLine Eyeing Non-QM Sector / Connecticut Lender Attempts ‘12 in 12’ / Sen. Warren Worries about OMB Staffers Embedded at CFPB / English Gets to Keep Her Regular Job, for Now / A Promotion at LoanLogics

December 6, 2017
Paul Muolo and Thomas Ressler
Sen. Elizabeth Warren wants a complete list of OMB staffers who have been detailed to the CFPB by Mulvaney...
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FHFA Updates CSP Project: $661.6 Billion of Issuance Thus Far for Freddie; A Fear of Price Differentials?

December 5, 2017
Paul Muolo
The FHFA said it’s working with Fannie and Freddie to “develop processes to identify and align those enterprise programs, policies, and practices that could materially affect prepayments.”
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Mortgage Banking Earnings Declined for Depositories in 3Q17

December 5, 2017
John Bancroft
Wells Fargo reported a huge drop in mortgage banking income, but the rest of the top five banks all posted increased earnings from their operations…
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New Amendment in GOP Tax Bill Spares Adverse Treatment for Mortgage Servicing Income

December 4, 2017
Brandon Ivey
The MSR-saving amendment fixing the tax language was offered by Sen. Mike Rounds, R-SD...
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HomeStreet Investors Criticize Mortgage Business

December 1, 2017
Officials at HomeStreet Bank defended the bank’s mortgage business activities this week after facing criticism from one of the largest shareholders in the company.
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Production, Servicing Profits Up in 3Q17

December 1, 2017
Mortgage bankers saw modest gains on both sides of their business during the third quarter of 2017, according to an Inside Mortgage Trends analysis of earnings reports from a dozen publicly held companies.
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GSEs Report Progress on eMortgage Processes

December 1, 2017
Fannie Mae and Freddie Mac say they have made significant strides over the past year to address obstacles to the transition to a fully digital mortgage process that have been identified by mortgage lenders and other industry participants.
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Millennials Show Some Gains in Homeownership

December 1, 2017
The homeownership rate for Millennials is starting to climb, particularly for older borrowers in the generation, according to industry analysts.
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