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Short Takes: Huge Changes Coming to FHA HECM Program / UWM Ponies Up More Money for Brokers / One is the Loneliest Number / Scrutiny for Industrial Loan Charters / AI CEO Resigns After 10 Years

August 29, 2017
Paul Muolo
So, how is the program doing? A spokesman for UWM said 40 firms were created with the first round of seed money and all are still in business.
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Prestwick Readies $532 Million Fannie/Ginnie Bulk MSR Portfolio for Auction

August 25, 2017
Paul Muolo
The weighted average servicing fee is 34 basis points, the delinquency ratio 3.13 percent.
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Vendor That’s Digitizing the Mortgage Process Lands $100 Million in Funding

August 24, 2017
Paul Muolo
In earlier funding rounds, Blend's backers have included businessman Peter Thiel, who co-founded PayPal...
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Eagles Named HUD Acting Deputy Secretary; Pantenaude on ‘Hold’ in the Senate

August 24, 2017
George Brooks
Senate Democrats opposing the administration’s proposed cuts to HUD’s FY 2018 spending bill have reportedly placed a hold on Pantenaude’s nomination...
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Short Takes: A New Loan Record for Freddie Mac / CFPB Warns Seniors About Reverses / Refis on the Rise a Bit / SFR Official Gets Ginnie Job / A New Hire for Mortgage Network

August 24, 2017
Paul Muolo and Sherry Muolo
According to a Freddie spokesman, the loan represents the “the largest-ever single-asset tax-exempt financing completed” by the GSE…
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Short Takes: Mortgage Apps Decline / What to do About Fannie and Freddie? / A Fast Grower, Guild has its Eye on M&A / Walter Bolting Reverses / A Promotion at UWM

August 22, 2017
George Brooks, Carisa Chappell, and Paul Muolo
A fast grower, Guild Mortgage is open to buying other shops...
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Short Takes: loanDepot’s Hsieh has Some Fun / Fannie’s Forecast / Finance of America Ramps Up Reverses / Jumbo Credit Standards Loosened, Somewhat / New Regional Hires for Silver Hill

August 22, 2017
Brandon Ivey and Paul Muolo
No update from loanDepot on the IPO, but CEO Anthony Hsieh took some shots at the rumor mill...
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The Final Tally for 2Q17: FHA Lending Up, VA Production Down

August 22, 2017
George Brooks
Nonbank home originators continued to dominate the top five FHA rankings...
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Bank Investment in MBS Sets a New Record: $1.799 Trillion

August 21, 2017
John Bancroft
Total bank investment in residential MBS rose by $36.28 billion during the second quarter…
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HARP Lives for Another Year as Fannie and Freddie Outline Its Eventual Replacements

August 18, 2017
The Home Affordable Refinance Program was arguably one of the most successful initiatives aimed at delivering consumer relief in the wake of the housing meltdown. It’s proving hard to kill. The Federal Housing Finance Agency this week extended HARP for another year, until the end of 2018. It was slated to sunset at the end of this year. The program has been extended several times since it was authorized back in 2009. The extra year is...
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