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Banks Report Sharp Drop in Mortgage Banking Income for 3Q18

November 27, 2018
John Bancroft
Through the first nine months of the year, mortgage banking income was up 20.9 percent from the same period in 2017.
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What Might a New FHFA Director Do to the Secondary Market?

November 27, 2018
Paul Muolo
Stakeholders don’t anticipate the FHFA, with a new director nominated by President Trump, to move immediately to reduce the current benchmark loan limit...
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Losses Nearly Nonexistent on Expanded-Credit MBS with Loans from Caliber

November 27, 2018
Brandon Ivey
Caliber’s loans are generally underwritten to a full documentation standard for income, assets and employment.
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New NMLS Figures Reveal a Decline in Mortgage-License Holders

November 27, 2018
Paul Muolo
In 2017, MLO license growth was strong at 8.9 percent annualized, but not this year…
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GSE Loan Limit Set at $484,350 for 2019, a Gain of Almost 7.0 Percent

November 27, 2018
Dennis Hollier
HERA allows exceptions for the maximum conforming loan limits for “high cost areas.”
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Short Takes: Homebuyers Hitting the Brakes / But No Reason to Panic / Senate Moves Closer to Vote on Kraninger / Freddie’s ‘Sweat Equity’ Deal / A New Hire for Embrace Home Loans

November 27, 2018
Dennis Hollier, Paul Muolo, and Yemeng Yang
Arch Chief Economist DeFranco says despite lower sales, it’s still a seller’s market in most cities…
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Biting Comments on FHFA’s Proposed Rule on UMBS

November 26, 2018
Dennis Hollier
Making sure the MBS issued by the two GSEs perform identically, within narrow limits, is key to convincing traders…
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Bank Holdings of MBS Drifted Lower in 3Q18

November 26, 2018
John Bancroft
A huge chunk of the fall-off in Fannie/Freddie MBS holdings occurred at Wells Fargo, which reduced its investment in these securities by $7.31 billion.
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White House Contemplating Calabria for the FHFA Job. Big or Gradual Changes in the Wings?

November 26, 2018
Paul Muolo
The implication is that banks – which seems to have excess capacity on their balance sheets – could simply hold conventional loans in portfolio…
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Ocwen Hires Former Fannie Mae Securitization Chief to Head Lending Business

November 26, 2018
Paul Muolo
According to a statement issued by Ocwen, while at Fannie Yanoti was responsible for developing the common securitization platform.
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Latest Imf News

  • Senate Leaders Not Ready to Go With House on Housing Bill

  • Rate Sharply Increases Correspondent Sales in 2025

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  • FHLBanks Improving Relationships With Federal Reserve

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Featured Data

  • CMBS Issuance Stumbles in 1Q as Agency Sags

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Featured Reports

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Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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