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What We’re Hearing: Fannie and Freddie, 10 Years Gone / Betting on Two Stocks for Retirement / MBA Weighs In / Housing is Elemental / Meanwhile, Back at the Ranch, An Industry Grows Concerned

August 31, 2018
Paul Muolo
Meanwhile, a dozen or so mortgage, housing and consumer groups are putting the final touches on a new letter to Treasury Secretary Steven Mnuchin...
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Home Sales Likely to be Flat this Year with an Uptick in 2019

August 30, 2018
Brandon Ivey
Sam Khater, chief economist at Freddie Mac, said some prospective homebuyers didn’t complete transactions this summer due to a limited supply of homes for sale…
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More Lenders View Non-QMs and EC Mortgages as a Viable Option

August 29, 2018
Brandon Ivey
Angel Oak and Citadel Servicing, two of the larger originators of expanded-credit products, each increased production by more than 30.0 percent from the first to the second quarter.
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Short Takes: A ‘Significantly’ Less Liquid Secondary Mortgage Market? / In Five Years the GSE Loan Limit Would be Zero (for Example) / Origination Capacity Remains Elevated / Fannie Exec Joins RoundPoint

August 29, 2018
Paul Muolo and Brandon Ivey
Origination capacity in the mortgage industry remains “elevated,” according to a new report from PiperJaffray.
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MBA’s ‘Profit’ Took a Hit in FY 2017, but Assets Increased by Almost 10 Percent

August 29, 2018
Paul Muolo
MBA listed compensation for “current officers, directors, trustees and key employees” at $6.0 million for fiscal year 2017. It was $7.1 million the year prior…
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Bank ABS Investment Rebounds in 2Q18

August 28, 2018
John Bancroft
In fact, bank ABS investment began to taper off at about the same time the supply of ABS outstanding began to grow again.
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Short Takes: A New Origination Forecast from Freddie / Market Share Leaders in Retail and Correspondent / FHFA Seeks Comment on ‘Golden Parachutes’ / Arch’s Reinsurance Deal / Better Mortgage Hires Fed Economist

August 28, 2018
Paul Muolo and Brandon Ivey
But Wells Fargo dominated in the correspondent channel with a 20.9 percent market share...
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Driven by Lower Expenses in 2Q, Nonbanks Stage a Turnaround in Origination Profits

August 28, 2018
Brandon Ivey
Personnel expenses averaged $5,195 per loan in the second quarter, down $704 from 1Q18…
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CBO: U.S. Cost to Guarantee $12 Trillion in GSE MBS Over the Next 10 Years: $19 Billion

August 28, 2018
Paul Muolo
CBO projects that under current law, the share of new single-family mortgages guaranteed or held by Fannie and Freddie will slowly recede…
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IRS Gives GSE Single-Security Project a Boost

August 27, 2018
John Bancroft
The tax code includes several provisions that address whether the exchange of property is subject to taxation.
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