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Mortgage Banking Income at Banks Increases in Second Quarter

August 26, 2019
John Bancroft
Mortgage banking income at banks increased by 14% in the second quarter, though income declined at several top banks.
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What We’re Hearing: Loan Brokers, the Swagger is Back / Hiding From Wholesale: Most Banks / What Would Jamie Dimon Say? / Olmem is the Man / Lifting the Pay Cap on GSE CEOs?

August 23, 2019
Paul Muolo

One GSE-related question that hasn’t been answered yet: If a recap and release plan becomes a reality, will Congress end the $600,000 pay cap on GSE CEO compensation? 


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Blend Scores Freddie Mac Partnership

August 23, 2019
Dennis Hollier

Then again, the partnership with Freddie isn’t exactly novel. The vendor has a similar arrangement with the GSE’s crosstown rival Fannie Mae…


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Boom Times for Better.com: Originations Spike, Firm Raises $160M. And ‘Help Wanted’ Too

August 23, 2019
Brandon Ivey

Better.com President Jerry Selitto told Inside Mortgage Finance the firm hopes to add 400 additional employees by yearend. Some of its workforce is in India…


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Banks Keep Adding to Their MBS Holdings. JPM and BofA Set the Pace

August 23, 2019
John Bancroft

In the second quarter, Bank of America and JPMorgan Chase increased their MBS holdings by $12.34 billion and $22.39 billion, respectively.


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GAO Finds FHA ‘Distressed’ Loans Sold Prematurely

August 23, 2019
George Brooks

From fiscal 2010-2016, FHA sold roughly 111,000 troubled loans to private investors, including nonprofits, through DASP. In addition, GAO found that FHA did not routinely assess outcomes…


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Short Takes: Complicating GSE Reform? (Which is Already Complicated Enough) / Private Pricing? / Not Worrying About Debts and Deficits / Not in Kansas Anymore: Bair Named to Fannie’s Board / Two New Board Members for TMC

August 22, 2019
Paul Muolo

At Fannie Mae, former FDIC chief Sheila Bair will serve on three board committees: compensation, nominating and corporate governance.

 


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HUD Expands Test for Disparate-Impact

August 22, 2019
George Brooks

Under the HUD draft rule, allegations that a specific, identifiable policy or practice has a discriminatory effect must plead facts to support the claim


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Lenders Face Capacity Issues. Brother, Can You Spare an Underwriter?

August 22, 2019
Paul Muolo

Most of those interviewed said the third quarter will be stronger than the second in terms of origination volume...


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Ginnie Issues New Servicer Requirements. Some Are Not Happy

August 22, 2019
Paul Muolo

The change is part of the agency’s continuing focus on risk management as its book of business continues its historic shift toward nonbank mortgage servicers that have come to dominate its $2.0 trillion-plus portfolio.


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