FHFA Rule on ‘Captives’ and FHLB Could End in a Compromise October 28, 2015 Paul Muolo Although the FHFA received more than 1,300 comments on proposed changes to its membership rules, it has yet to issue a final regulation.Read More
Short Takes: Will Ocwen Short-Sellers Get Squeezed? / What Will Faris Say About Origination Growth? / Another Loss for NMI / Guild Sets Origination Record / NYDFS Chief Albanese Departs October 28, 2015 Paul Muolo The privately held Guild Mortgage, San Diego, said it funded $10.7 billion in home mortgages through the first nine months of 2015...Read More
The Final HMDA Tally for 2014: Conventional Conforming the Market Leader, By Far October 27, 2015 John Bancroft The privately held Quicken Loans was also the biggest originator of government-insured loans, accounting for 5.7 percent of the sector.Read More
Radian Profit Jumps 40 Percent in 3Q, a Slight Decline in NIW October 27, 2015 Paul Muolo For all of 2015 Radian predicts that it will pay $700 million in net claims, but next year that figure could fall to as low as $400 million.Read More
Correspondents Up, Brokers Down in 3Q15 October 27, 2015 John Bancroft Meanwhile, the volume of securitized retail loans was down 3.6 percent from the second quarter.Read More
Mortgage REIT CYS Ramps Up FHLB Borrowings October 27, 2015 Paul Muolo Its captive insurance affiliate, CYS Insurance Services, became a member in the FHLB of Cincinnati in March of this year. Read More
Nonbanks Continue to Gain in Agency Servicing, Except Ocwen October 26, 2015 Paul Muolo The megabanks – Wells Fargo, JPMorgan Chase, Bank of America and U.S. Bank – ranked first through fourth, respectively, with a combined agency market share of 40.3 percent at Sept. 30.Read More
Suddenly, 2016 Residential Production Isn’t Looking So Bad; Then Again… October 26, 2015 John Bancroft Mike Fratantoni, chief economist at the MBA, said the purchase market could keep growing right off the end of the forecast table.Read More
Trouble Ahead? Non-Mortgage ABS Issuance Down Sharply in 3Q October 23, 2015 John Bancroft On a year-to-date basis, new ABS production was down 4.5 percent from the first nine months of 2014. Read More
Fannie, Freddie CEOs Urge Patience to the Industry on the Single GSE Security October 23, 2015 John Bancroft The CSP joint venture is staffed and “no longer living like poor cousins” at the GSEs themselves.Read More