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Inside The GSEs
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Freddie Mac Pushes Back Against Criticism on Its Use of Equifax

October 19, 2017
Brandon Ivey
However, officials at Freddie said the claims regarding the GSE and Equifax lacked context.
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Stearns Reorganizes a Bit, Cuts 159 Jobs in California, but Plans to Rehire in Texas; Seeks LOs

October 19, 2017
Paul Muolo
“We continue to be bullish on the business,” said Stearns CEO David Schneider.
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U.S. Bancorp Grows Residential Production by Almost 10 Percent

October 18, 2017
Paul Muolo
Compared to the same period a year ago, residential loan production declined by 19.6 percent...
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Ginnie Mae Issuance Topped $120B in 3Q17, the Best Reading of the Year

October 17, 2017
John Bancroft
Ginnie Mae issuers securitized $85.4 billion of purchase loans in the third quarter, falling just short of the record $85.4 billion set in the third quarter of last year.
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Ranked No. 442 as an Originator, Fintech Firm Corrals $457 Million in Financial Commitments

October 17, 2017
Paul Muolo
Formed in 2014, LH originated $598 million in 2016, ranking 442nd overall, according to Home Mortgage Disclosure Act figures compiled by Inside Mortgage Finance.
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Redwood Aims for Jumbos Outside of Banks’ Focus

October 17, 2017
Brandon Ivey
Redwood’s Choice loan program allows for debt-to-income ratios of up to 49.9 percent while the limit for Select is 43.0 percent…
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Surprise: Prime Non-Agency MBS Issuance Spiked in the Third Quarter

October 16, 2017
Brandon Ivey
The nonprime MBS category includes some deals better categorized as Alt A…
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Non-Agency MBS Issuance Weakened in 3Q17 Despite Upswing in Prime Jumbo Deals

October 13, 2017
John Bancroft
The bright spot was the prime jumbo MBS market where some $2.97 billion of new bonds were issued during the third quarter…
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A (Slight) Drop in Originations at BofA for 3Q17

October 13, 2017
Paul Muolo
Home equity lending fell even more at BofA: down 12.7 percent from the prior period...
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A Modest Uptick in Home Lending for Wells Fargo in 3Q17; Meanwhile, a $1 Billion Legal Charge for Mortgage Investigations

October 13, 2017
Paul Muolo
Gain-on-sale profits came to 124 basis points, flat from the prior period, and the weakest reading of the past five quarters...
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