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Inside The GSEs
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What Ails the Mortgage Market? For Starters, a Lack of Homes to Buy…

May 11, 2018
Brandon Ivey
Flagstar says the problem is exacerbated by a lack of inventory in certain geographic markets…
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GSE Credit Window for Purchase Loans Opened Slightly in 1Q18

May 11, 2018
Mortgage sellers continue to get a little more adventurous in the kinds of loans they deliver to Fannie Mae and Freddie Mac, according to an exclusive Inside Mortgage Trends analysis of data on mortgage-backed securities issued during the first quarter of 2018. The credit loosening was more apparent in the purchase-mortgage sector, which saw declining production volume from seasonal factors. In the first quarter, 12.61 percent of purchase loans sold ... [Includes two data charts]
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Private MIs Lost Market Share in Early 2018 but Insurance in Force Topped $1 Trillion

May 10, 2018
John Bancroft
Arch maintained its large market share lead in insurance-in-force, while Radian ranked first in terms of new insurance written…
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CFPB Chooses Not to Appeal PHH RESPA Sec. 8 Ruling But Gives No Clear Signal on Future Policy

May 10, 2018
Neither PHH Corp. nor the Consumer Financial Protection Bureau will ask the Supreme Court of the United States to review a lower court decision that overturned the agency’s controversial interpretation of anti-kickback provisions in the Real Estate Settlement Procedures Act.
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Retail, Mortgage Brokers Dominate in Expanded-Credit Lending

May 8, 2018
Brandon Ivey
MBS from Angel Oak Companies had the highest share of broker originations…
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Another Quarter and More Red Ink for PHH Corp.

May 8, 2018
Paul Muolo
PHH CEO Robert Crowl: "Our team is fully committed to executing our business plans and meeting the closing requirements for our merger with Ocwen."
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Short Takes: Caliber Brings Ginnie MSR Deal / The Nation’s Highest Paid Loan Broker: Doug Lebda ($59M) / Ex-Fannie Exec a Candidate for FHFA Job? / The PHH Head Count

May 8, 2018
Paul Muolo and Brandon Ivey
It was a nice pay check last year for LendingTree founder and CEO Douglas Lebda...
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Arch Capital CEO Defends IMAGIN Pilot Program

May 7, 2018
Carisa Chappell
The MI executive said there are a number of misconceptions about the program…
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Freddie Now Extending Lines of Credit to Nonbanks. The Collateral: Mortgage Servicing Rights

May 7, 2018
Paul Muolo
One former Fannie Mae executive was critical of the effort, calling it “mission and charter creep.”
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Origination Profit Margins Stay Ugly. Is Relief on the Way?

May 7, 2018
Paul Muolo
One consultant said he’s conducted 14 warehouse reviews on lenders this year with 11 of them turning a profit and three losing money.
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