What We’re Hearing: 10 Mortgage Firms to Keep an Eye on in 2017 – and Why December 30, 2016 Paul Muolo But if you think that Wells Fargo will pull a “BofA” and quietly downshift its presence in mortgages, think again.Read More
FHA ‘Rehab’ Loan Volume at $2.4 Billion and Counting December 30, 2016 George Brooks In the third quarter, the top FHA rehab were Prospect Mortgage, Movement Mortgage and Wells Fargo.Read More
To Privatize (or Not) Fannie and Freddie, That is the Question December 29, 2016 Carisa Chappell Tim Howard, a former Fannie Mae CFO, called Mnuchin’s comments “a welcome reset…”Read More
When it Comes to Jumbo Lending, Retail Channel Dominates, By Far December 29, 2016 John Bancroft Wells Fargo, for example, reported that 90.7 percent of its third-quarter jumbo originations came through the retail channel…Read More
Mortgage Insurance Stocks Have Been on a Tear of Late. Can it Last? December 29, 2016 Paul Muolo Rising interest rates are good for MI stocks because it translates into greater “persistency…”Read More
Both Sides of Mortgage Banking Posted Significant Profit Gains in 3Q16 December 28, 2016 John Bancroft JPMorgan Chase was the only firm that saw a decline in production-related revenue during the third quarter…Read More
FHFA IG Notes Lack of Transparency in CSP Costs December 28, 2016 Carisa Chappell Instead, the FHFA only disclosed specific CSP cost data once – in a September 2015 status report…Read More
2019: A $3 Trillion Year for Originations? December 28, 2016 Paul Muolo This year, fundings could reach upwards of $2.00 trillion based on activity through the first nine months of the year.Read More
Is it the End of an Era for GSE Loan Buybacks? December 27, 2016 John Bancroft Excluding legacy-related buybacks, total GSE seller repurchases would have been down 9.9 percent…Read More
Share of Loans that Close on Time Increasing December 27, 2016 Brandon Ivey Other loan types also generally showed improved closing times.Read More
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