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Home » Topics » News » Inside The GSEs

Inside The GSEs
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More Pain, No Gain for Nation’s Largest Home Lenders

June 28, 2018
John Bancroft
With loan production hitting a wall at the megabanks, layoffs are likely to ensue...
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The Wells Fargo Layoff Tally for June: 400 and the Month’s Not Over Yet

June 28, 2018
Paul Muolo
Wells Fargo is the nation’s largest home lender and a bellwether for the overall market.
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Freddie Extends Appraisal Waivers to Condo Purchases and Refis

June 28, 2018
Carisa Chappell
Now, eligible condo loan borrowers can take advantage of the appraisal waiver if ACE deems it unnecessary.
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Bank Loan Sales Down Sharply in First Quarter, JPM Especially

June 27, 2018
John Bancroft
Second-ranked JPMorgan Chase reported a hefty 48.3 percent decline in mortgage sales.
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A Decline in FHLB Advances. Big Drops for JPM and Wells

June 27, 2018
Carisa Chappell
The figures show that compared to the first quarter of 2017, both JPM and Wells greatly reduced their FHLB borrowings…
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A Spike in Fannie Mae Loan Repurchases

June 26, 2018
John Bancroft
Virtually all of the repurchase activity is now focused on newer production.
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Servicing Advisors Worry About the GSE Role in the ‘Flow’ MSR Market

June 26, 2018
Paul Muolo
Incenter Mortgage Advisors, Denver, is getting ready to launch a flow MSR marketplace of its own…
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Short Takes: Amazon Moves Ahead with Banking Plans / A Martini for Ditech / Cooperman and Ocwen / More Cost Cutting at Ocwen / Britti Gets a New Title / U.S. Bank Hires Wells Fargo Official

June 26, 2018
Paul Muolo
Leon Cooperman has been increasing his stake in Ocwen Financial and now owns about 11 percent of the firm…
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Wells Fargo Cuts 100 Workers at South Carolina Location

June 25, 2018
Paul Muolo
Applications have picked up in April, May and June but firms that focused too heavily on refis are now feeling the heat.
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GSE Repurchases Bounce Higher As Fannie Buyback Volume Rises

June 22, 2018
GSE mortgage sellers repurchased a slightly larger volume of defective single-family mortgages during the first quarter of 2018, according to a new Inside The GSEs analysis.During the first three months of the year, lenders repurchased or made other indemnification on $240.91 million of home loans sold to the GSEs, a 4.6 percent increase from the record low set in the fourth quarter of 2017. Buybacks of Fannie loans were up 27.2 percent, but ... [Includes one data chart.]
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