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Inside The GSEs
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Mortgage Applications Decline Again

November 1, 2017
Paul Muolo
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.
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Short Takes: Fannie Mae Readies 3Q17 Results / Should be a Good Quarter / Another Reverse Lender Hits the Auction Block? / Rejection Rates for FHA, VA Loans / A New Hire for Stearns

November 1, 2017
George Brooks and Paul Muolo
Look for another reverse mortgage lender to hit the auction block...
Read More

Thanks to Legal Settlement, Freddie Mac has Blowout 3Q17: $7.19 Billion Profit (Pre-Tax); Almost $1B in Hurricane-Charges

October 31, 2017
Paul Muolo
In late December, Freddie will make its regular quarterly dividend payment to the U.S. Treasury, which holds its senior preferred shares. When it does, most of the $4.67 billion in net earnings will be swept into the general fund.
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Thanks (In Part) to Legal Settlement, Freddie Mac has Blowout 3Q17: $7.19 Billion Profit (Pre-Tax)

October 31, 2017
Paul Muolo
Freddie Mac set aside almost $1 billion in reserves for "recent hurricane activity."
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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…
Read More

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?
Read More
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