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Short Takes: Home Prices Back to Pre-Bust Levels / Hot Growth for Denver, SF, Portland / A 10-Year HELOC / FHLB Cuts Warehouse Line / WJB Picks a New CIO

December 29, 2015
Paul Muolo, Brandon Ivey, and Carisa Chappell
It’s not every day that a Federal Home Loan Bank tells one of its members to reduce its credit facilities...
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Behind the GSE Risk-Share Goals: Why Next Year’s Activity Could Turn out to be Less

December 29, 2015
John Bancroft
In 2015, the two GSEs sold credit risk on about $407 billion of UPB through their back-end risk-transfer programs. The actual amount of credit risk transferred was $12.6 billion.
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Subservicing Contracts Continue to Rise; A 28 Percent Gain YoY

December 28, 2015
Paul Muolo
In a recent report, Freddie Mac economists said subservicing likely will “persist and perhaps grow.”
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Residential Servicers Cut Staffing Levels – But Banks Cut the Most

December 28, 2015
Brandon Ivey
Banks had an average of nearly 500 loans per full-time employee in the third quarter, up from almost 400 at the end of 2014.
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Short Takes: More TRID Snafus: Who Makes the Disclosure? / Electronical Acceptances Key / The Marijuana Trade and Home Prices / Microscopic Changes in Rates / HFH Hires New CIO

December 28, 2015
Paul Muolo and Sherry Muolo
Is the booming marijuana trade in Colorado causing home prices to rise in the Rocky Mountain (High) state? Not necessarily...
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Banks Sharply Reduce Use of ‘Proprietary’ Loan Mods in 3Q15

December 28, 2015
Brandon Ivey
The banks completed 22,459 proprietary mods in the third quarter, down 25.4 percent compared with the previous quarter...
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Will Ginnie Mae Pass Freddie Mac in MBS Outstanding?

December 23, 2015
John Bancroft
Ginnie Mae production topped Freddie Mac’s issuance in 2014 and was comfortably ahead after the first 11 months of this year.
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Time to Stop Blaming TRID for Everything, Including the NAR Sales Figures?

December 23, 2015
Brandon Ivey
Industry analysts didn’t have TRID to blame for the decline in home sales last year. Instead, NAR's Lawrence Yun said the decline was part of a seasonal trend.
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Christmas Comes Early for Lenders: Mortgage Applications Jump

December 23, 2015
Sherry Muolo
A 'Santa Claus' mortgage application rally?
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Subprime Lender Angel Oak May Fund $1 Billion in 2016

December 23, 2015
Paul Muolo
In an interview with IMFnews, John Hsu talked about Angel Oak’s $150 million subprime deal, noting that there is a “huge amount of support for this.”
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