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Record Set in 3Q19 as Mortgage Originations Soar

October 24, 2019
John Bancroft

With strong refinance demand, low rates and solid housing sales for this time of year, 2019 could end up as the best year since 2006, when originations totaled $2.550 trillion.


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Short Takes: Calabria Open to Wiping Out Shareholders / Compass Offers Bridge Loan Services / Snapdocs Hiring in Denver

October 23, 2019
Dennis Hollier and Yemeng Yang

Federal Housing Finance Agency Director Mark Calabria Tuesday raised eyebrows when he told the House Financial Services Committee during a hearing housing finance reform that he is open to wiping out the shareholders...


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Freddie Servicing Continues Growing Faster Than Fannie

October 23, 2019
John Bancroft

The Freddie Mac single-family servicing market grew roughly three times as fast as the Fannie Mae market during the third quarter, according to a new Inside the GSEs analysis.


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Negative MSR Marks a Problem in 3Q19? You Bet

October 23, 2019
Paul Muolo

Banks began reporting third quarter results and, as might be expected, negative servicing marks were quite noticeable.


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Industry Supports FDIC's Proposed Change to RMBS Disclosures

October 23, 2019
Yemeng Yang

Mortgage industry groups largely support a proposal by the Federal Deposit Insurance Corp. that would ease disclosure requirements for privately-placed non-agency residential MBS.


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Banks Package GSE-Eligible Loans in Non-Agency MBS

October 23, 2019
Brandon Ivey

JPMorgan Chase Bank and Flagstar Bank are separately issuing MBS backed by mortgages eligible for sale to Fannie Mae and Freddie Mac.


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Short Takes: Flagstar 3Q Production / GSE Reform Testimony Commences / Falling Existing Home Sales / QM Rule Suggestion / New Hires at Promontory MortgagePath

October 22, 2019
Yemeng Yang

Flagstar Bancorp originated $9.3 billion home mortgages in the third quarter, posting a net profit of $63.0 million, according to figures released Tuesday morning ...


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A Decline in CFPB Mortgage Complaints. Applications the Exception

October 21, 2019
Yemeng Yang

The nation’s largest lender/servicer Wells Fargo drew the most gripes, with Mr. Cooper and Ocwen Financial, finishing second and third respectively.


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On the Rise in 3Q19: Fannie/Freddie Credit Quality

October 21, 2019
John Bancroft

Across all LTV bands, the share of purchase loans with low FICO scores fell from 12.88% in the second quarter to 12.29% in the third.


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In the Regulatory Spotlight Once Again: VA IRRRL Abuses

October 21, 2019
Paul Muolo
The Collingwood Group released an update to clients and others, detailing the matter at hand.
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