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Inside The GSEs
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A Post-Crisis High for Non-Agency MBS Issuance: $20.7B for 2Q18

July 20, 2018
John Bancroft
Slightly over half were deals backed by newly originated mortgages…
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What We’re Hearing: Not So Fast on Those New Products, Fannie and Freddie / A Flashpoint: Financing a Corporate SF Landlord / Industry Input? / UWM Firing on All Cylinders / Non-QMs? No Thank You / PHH Executive Leaves for Due Diligence Firm

July 20, 2018
Paul Muolo
The MBA wants the FHFA to allow the industry to have a say in all new enterprise pilots, programs and products.
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Top Lenders Report Solid Increase in Production, but Profit Margins a Major Concern

July 20, 2018
Paul Muolo
Rick Sharga of Carrington: “Refi volumes will continue to contract, and lenders will have to accelerate their shift towards more purchase business in order to maintain volume.”
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The Mortgage Industry May Have a DACA Problem. FHA Says Don't Make Loans to Illegals

July 19, 2018
George Brooks
A HUD spokesman told this news organization that “non-U.S. citizens without lawful residency in the U.S. are not eligible for FHA-insured mortgages.”
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Strong Purchase Market in 2Q18 Buoys Mortgage Insurance Firms

July 19, 2018
John Bancroft
FHA officials have fretted about rising DTI ratios for some time…
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Six FHLB Presidents Stand Firm on ‘Captives’ Joining the FHLB System

July 19, 2018
Paul Muolo
Noticeably absent from the letter: the FHLBs of Chicago and San Francisco…
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MBA Chairman-Elect: Lenders in a Game of ‘Chicken’ on LO Compensation

July 18, 2018
Brandon Ivey
MBA Chairman-Elect Chris George said the CFPB could make some adjustments to LO comp regulations, providing lenders with more flexibility…
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Executives at Online Mortgage Brokerage Firm Top Survey of Nonbank Earners

July 18, 2018
Paul Muolo
At times, LendingTree’s share price has been highly volatile…
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Short Takes: Maybe Fannie and Freddie were Solvent After All / Something to Think About? / Angel Oak is Busy, Very Busy and Needs Qualified Workers / New Hires / A Strong 2Q for MGIC

July 18, 2018
Paul Muolo
The judges opined: "Indeed, the GSEs lost more in 2008 ($108 billion) than they had earned in the previous thirty-seven years combined ($95 billion). Yet the GSEs remained solvent.”
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U.S. Bancorp Posts a 10 Percent Gain in Mortgage Production

July 18, 2018
Paul Muolo
The Minneapolis-based depository posted $191 million of mortgage banking revenue for the second quarter…
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