One of the biggest takeaways for the mortgage industry in Republicans’ tax reform effort is that homeownership incentives provided by the mortgage interest deduction will be reduced significantly. Republican leaders have stressed that they don’t plan to eliminate the MID. But a near doubling of the standard deduction and other provisions included in tax reform will make the deduction worth much less, according to Leonard Burman, an institute fellow at the ...

Fannie Mae and Freddie Mac generated a combined $7.69 billion in net income during the third quarter of 2017, up significantly from the $4.86 billion in the second quarter, according to an Inside Mortgage Finance analysis of earnings reports released this week. Freddie’s earnings were unusually high at $4.67 billion thanks to a legal settlement with the Royal Bank of Scotland over non-agency mortgage-backed securities sold by the investment firm to the government-sponsored ...

The total unpaid principal balance for mortgages backing the deal has yet to be disclosed.

The trade group also found that refinancings are declining as well: down to 48.7 percent of all new applications from 49.5 percent for the week ending Oct. 20.

Freddie Mac set aside almost $1 billion in reserves for "recent hurricane activity."

According to Inside Mortgage Finance, Nationstar is the nation’s fourth largest servicer based on June 30 figures.

It’s Deephaven’s third nonprime MBS deal of the year…

In 2016, the overall denial rate for applications for jumbo mortgages was 18.6 percent.

Some 6.03 percent of FHA loans were 30-to-60 days past due as of the end of the third quarter, up from 4.51 percent in June.

NAHB said by sharply reducing the number of taxpayers who would itemize, “what’s left is a tax bill that essentially eviscerates the mortgage interest deduction…”