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Short Takes: FHA MMIF Results Due Wednesday / Fannie’s Foray into Construction-to-Perm? / Production Chief Departs / Drones Being Used by Some Mortgage Servicers / A Loss for Invitation Homes

November 14, 2017
Paul Muolo
However, a source familiar with the matter stressed that the GSE is merely considering a construction-to-perm product and nothing more.
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HMDA Analysis: Higher-Priced Lending Spikes

November 14, 2017
Brandon Ivey
Some $28.61 billion of non-government-insured higher-priced mortgages were originated in 2016, up 28.9 percent from the previous year…
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KBW: A Change to the GSE Dividend Sweep ‘Unlikely’

November 13, 2017
Paul Muolo
KBW estimates that if the corporate tax rate falls, Fannie and Freddie, combined, would have to fork over to Treasury an estimated $13 billion to $19 billion…
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What We’re Hearing: The Wilbur Ross Story / Tapping Mortgage Expertise / Enter the Phrase ‘Legal Proceedings’ and See What You Find / David Kittle and the Ginnie Mae Job / Reverse Lender has Record Month / A New Hire for Better Mortgage

November 10, 2017
Paul Muolo
You might say that Wilbur Ross got out of Ocwen while the getting was good...
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Surprise: CMBS Has its Best Issuance Quarter Since 2Q08

November 10, 2017
John Bancroft
Fannie, Freddie and Ginnie continued to dominate multifamily activity…
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The Red Ink Kept Flowing at Walter in 3Q17; Revenues Down 15 Percent

November 10, 2017
Paul Muolo
Walter CEO Tony Renzi: “Our operating performance is improving in many areas, and we are continuing our financial restructuring efforts…"
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As Promised: If the GOP Lowers the Corporate Tax Rate, the GSEs are in Deep Trouble

November 10, 2017
Carisa Chappell
“A significant reduction in the corporate tax rate would result in a significant net loss, and that could result in a loss for the year,” said Fannie CEO Timothy Mayopoulos…
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Fannie and Freddie QM Patch Under Attack By GOP Lawmakers, Trump Administration

November 10, 2017
The special qualified-mortgage treatment for home loans eligible for sale to the government-sponsored enterprises is getting more attention lately as some say that it gives Fannie Mae and Freddie Mac an unfair advantage.
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Impac Posts Small Profit for 3Q17. Nonbank Says it’s Not for Sale

November 9, 2017
Paul Muolo
Impac says it’s not for sale, but sources contend the company is pitched by investment bankers quite frequently…
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Private MIs Gained Ground in 3Q17, but VA Shined the Most

November 9, 2017
John Bancroft
Arch MI remained the top private insurer in the third quarter and year-to-date, although its competitors gained some ground…
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