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And the Beat Goes On: Banks Continue to Cede MSR Business to Nondepositories

September 22, 2016
John Bancroft
Meanwhile, bank whole loan portfolios have been increasing – largely because of the resurgence of jumbo mortgage originations, along with the recovery in home-equity lending.
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CFPB Chief Cordray Gives Kudos to Credit Unions on their Mortgage Performance

September 22, 2016
Thomas Ressler
The improved numbers suggest that the industry’s fears those rules would crush or even depress the market somewhat were overblown.
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Short Takes: Don v. Hillary. Bring the Popcorn / The Future of Fannie and Freddie? / How to Promote Homeownership / JPM Finishes the Mortgage Test Early

September 22, 2016
Brandon Ivey and Paul Muolo
Meanwhile, if you want to know where Clinton and Trump stand on the issue of homeownership in America, you can review their respective party platforms...
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Freddie Mac Predicts a 3Q16 Production Boom of $595 Billion

September 21, 2016
Brandon Ivey
Freddie expects originations to hit $2.0 trillion this year, a 14.3 percent sequential improvement…
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Judge Orders Govt. to Produce More GSE-Related Docs, Shows Signs of Frustration

September 21, 2016
Carisa Chappell
Margaret Sweeny, the judge presiding over the case, is growing increasingly frustrated with the government’s attempt to keep documents out of the public domain
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Short Takes: Hillary to Turn GSEs Into Public ‘Utilities’? / Don, Low Rates are Good / How Far Will the OCC Go? / A Lack of Ethics was the Problem / Bestborn Hires Three

September 21, 2016
Paul Muolo
So, what’s wrong with banks and financial service companies offering sales quotas? Nothing at all, if...
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CFPB’s TRID Rule Gets the Blame for a Rise in Mortgage Defects

September 20, 2016
Thomas Ressler
In fact, these two categories are responsible for more than 75 percent of all defects.
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Mortgage Trade Groups Fear an 'October Surprise' on the GSE CSP

September 20, 2016
Paul Muolo
“We’re extremely concerned the CSP would be transferred to a nonprofit or a corporation where the board members include executives from JPMorgan Chase or GE Capital,” CMLA's Corso said.
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On the Rise Again: Bank Repurchases of Mortgages

September 19, 2016
John Bancroft
All of the second-quarter increase can be attributed to Bank of America, which reported $372.0 million in repurchases for the period – up $67.0 million from the first quarter.
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GSEs Have A Strong August; Market Share Gains?

September 19, 2016
John Bancroft
Fannie and Freddie could top last year’s $824.8 billion in single-family MBS issuance by the time 2016 is over…
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