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Inside The GSEs
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Bank Holdings of First Liens Increased in 4Q16 – Ever So Slightly

March 22, 2017
Brandon Ivey
It appears that depositories are growing their portfolios by adding jumbo mortgages along with loans eligible for sale to Fannie Mae and Freddie Mac…
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HECM Production Stumbles a Bit in 2016

March 22, 2017
George Brooks
Among the top 10 originators in 2016, Reverse Mortgage Solutions posted the largest annual decline at 64.5 percent. RMS is owned by Walter Investment…
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Wall Streeter Phillips to Play ‘Critical’ Role at Treasury on GSE Reform; GSE ‘Principles’ Coming Soon from Trump?

March 22, 2017
Paul Muolo
Calabria joined the Trump administration from the conservative Cato Institute and is no fan of the GSEs...
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Short Takes: Reading the Mortgage Tea Leaves for 1Q17 / When in Doubt, Go Non-QM / Impac by the Numbers / Applications Fall, Existing Homes Sales Drop as Well

March 22, 2017
Brandon Ivey and Paul Muolo
Don’t look now but the yield on the benchmark 10-year Treasury is now down to 2.40 percent. And just in time for the spring home buying season…
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Still Rising: Retail Channel Accounts for 81.6 Percent of Jumbo Originations

March 21, 2017
Brandon Ivey
Roughly $72.09 billion of jumbo mortgages were originated in the fourth quarter, down 3.4 percent on a sequential basis.
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Subservicing Sector Starting to Look Crowded As More Firms Choose ‘Capital Light’ Strategy

March 21, 2017
Paul Muolo
The nation’s three largest residential subservicing firms are: Cenlar, Dovenmuehle and Loan Care. All are nonbanks.
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MBA: Net Origination Profit Plunged 68 Percent in 4Q16

March 21, 2017
Paul Muolo
MBA noted that including all business lines, 73 percent of the mortgage companies posted pre-tax profits for the fourth quarter, down from 94 percent in 3Q16…
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IMF Poll: Lenders Will Liberalize Underwriting Standards – but Not by Much

March 21, 2017
Paul Muolo
Some 14 percent of respondents said they might begin making non-qualified mortgages over the coming months.
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Wholesale-Broker Channel Saw Big Gains in Agency Market Last Year

March 20, 2017
John Bancroft
Mortgage brokers earned their biggest market share in the Ginnie Mae sector…
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Trump Administration Plan to Tackle Tax Reform Expected to Have an Impact on Housing Reform

March 17, 2017
Tax reform may have a significant impact on Fannie Mae and Freddie Mac, before federal policymakers get around to resolving the long-running conservatorships of the two government-sponsored enterprises. Reducing the corporate tax rate is a big component of the Trump administration’s tax reform plan, but it could force the GSEs to write down the value of their deferred tax assets. “It is...
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