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Inside The GSEs
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Bipartisan House Bill Allows Bank Loan Officers to Move Easily to Nonbanks

May 7, 2015
Brandon Ivey
The legislation would provide a temporary transitional license and give loan originators 120 days to pass testing standards...
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Thanks to G-Fees, Fannie Mae Sees 44 Percent Jump in 1Q Profits

May 7, 2015
Paul Muolo and Carisa Chappell
Like Freddie Mac, Fannie cautioned that future earnings will be lower because of the company’s mandate to shrink.
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Freddie Pays the Government a Lot More Than Its Quarterly Profit Sweep, G-Fees Steady in 1Q15

May 7, 2015
Freddie Mac will send $746 million to the U.S. Treasury under the conservatorship plan that siphons off nearly all the government-sponsored enterprise’s net profit every quarter, but that’s not all the cash being milked from the GSE. During the first quarter of 2015, Freddie sent $219 million to Treasury under the 2011 law that squeezed the GSEs to pay for a continuation of a payroll tax cut for U.S. workers. The levy is 10 basis points of guaranty fee charged by Freddie and Fannie Mae, and it’s a steadily rising amount as a greater share of GSE business is subject to the charge. In the first quarter of last year, Freddie paid...
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Delinquency and Foreclosure Performance Improves to Levels Last Seen in 2007

May 6, 2015
Brandon Ivey
Nearly every firm tracked in the Inside Mortgage Finance Large Servicer Delinquency Index reported improvements in mortgage performance during the first quarter...
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First Republic Remains Top Jumbo MBS Lender

May 6, 2015
Brandon Ivey
Fun fact: First Republic was the only bank among the top five contributors to jumbo MBS issued in the first quarter.
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Broker Market Share Up to 13 Percent; Is 20 Percent Doable?

May 6, 2015
Paul Muolo
Now that brokers are gaining traction, the big question becomes: how much more market share can they gobble up?
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Bank of America Throws 203(k) Loan Program Overboard

May 6, 2015
Paul Muolo
Among all FHA originators, Bank of America ranks eighth nationwide, based on January figures...
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Redwood’s Mortgage Income Takes It on the Chin; But Outlook Improves

May 5, 2015
Brandon Ivey
Redwood posted just $2 million in income from residential mortgage banking activities in the first quarter.
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Freddie’s CEO Layton: Earnings Won’t Rise Much From Here

May 5, 2015
Paul Muolo
In the first quarter, Freddie Mac's net interest income rose on a sequential basis by a mere 2 percent to $3.647 billion.
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Report: A Large Chunk of VA Loans are Not Closing On Time

May 5, 2015
George Brooks
“For VA, this is a significant change for the worse,” said Tom Popik, designer of the survey.
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Latest Imf News

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Featured Data

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