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Short Takes: Keeping an Eye on GSE Hurricane Charges / The Tax Bite / In the End, Treasury Wins No Matter What / More Delinquency Data / A Promotion at Norcom Mortgage

October 31, 2017
Carisa Chappell and Paul Muolo
You might say that in the end, Treasury cannot lose when it comes to the GSEs...
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Sharp Differences in Denial Rates for Jumbos; Some Nonbanks Have Turn-Downs North of 40 Percent

October 30, 2017
Brandon Ivey
In 2016, the overall denial rate for applications for jumbo mortgages was 18.6 percent.
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FHFA Adds Language-Preference Question to New Loan Application Despite Industry Opposition

October 30, 2017
Carisa Chappell
The wording of the language-preference question first tells borrowers that their loan transaction is likely to be conducted in English but gives them the option of selecting one of six languages: English, Chinese, Korean, Spanish, Tagalog, and Vietnamese…
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New Fannie Mae Survey: Humans, Not Robots Preferred

October 30, 2017
Paul Muolo
Also, lender websites don’t seem to sway consumer choices very much…
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FHA/VA Delinquencies Continue Climbing in 3Q17 While Servicing Grows

October 30, 2017
John Bancroft
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.
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Short Takes: No Retained Portfolio for the GSEs? / A 33 Percent Chance for a Bill / Have a Mortgage Question? Ask a Real Estate Agent First / MIAC Selling Whole Loans / PrimeLending Picks SoCal Manager

October 30, 2017
Paul Muolo
No GSE-retained portfolios in Treasury's plan?
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Trump Team Working on Principles for Housing-Finance Reform, ‘Discussion Draft’ Expected in Senate This Year

October 27, 2017
Work on housing-finance reform looks likely to ramp up in the coming weeks and months, including a document from the Trump administration and legislation in the Senate. But many policy analysts believe that passage of comprehensive legislation is still years away, giving great power to the next director of the Federal Housing Finance Agency. The Treasury Department will likely release principles on housing-finance reform within weeks, according to David Stevens ...
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GSE Shareholders Look to Supreme Court To Intervene in Lawsuits Against FHFA

October 27, 2017
A handful of shareholder lawsuits challenging the government’s net worth sweep of Fannie Mae and Freddie Mac earnings have landed at the Supreme Court of the United States, asking the top court to review the constitutionality of the Federal Housing Finance Agency. Back in September, the FHFA filed a motion to dismiss in Atif Bhatti, et al., vs. The Federal Housing Finance Agency, stating that the plaintiffs lack standing to bring claims of their alleged injuries being related to ...
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Momentum Building for Housing-Finance Reform? Yes, No, Maybe?

October 27, 2017
Brandon Ivey
Joshua Rosner, managing director of Graham Fisher & Co., said his discussions with Trump officials and members of Congress suggest that the administration’s reform principles won’t be released until early next year…
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An Earnings Decline for MSR-Hungry New Residential; Servicing Portfolio Drops as Well

October 27, 2017
Paul Muolo
During 3Q, New Residential agreed to buy $3 billion of “flow” servicing rights from an unnamed seller.
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