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Senate Reg Relief Bill Would Exempt 72% of Lenders from New HMDA Reporting Requirements

March 20, 2018
John Bancroft
The 4,710 small mortgage lenders wouldn’t have to report new data points sought by the Consumer Financial Protection Bureau for originations in 2018 and beyond, according to an analysis by Inside the CFPB.
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Annaly Subsidiary Brings Non-Agency MBS Backed by Seasoned Mortgages Serviced by Wells, SLS

March 20, 2018
Brandon Ivey
The planned $327.16 million issuance is largely stocked with current mortgages that haven’t been modified.
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Majority of Borrowers Now Using Lenders’ Online Systems as Part of the Application Process

March 20, 2018
Brandon Ivey
“Borrowers continue to move away from applying for loans fully in-person, as they look for a process combining both high-tech and high-touch,” according to Ellie Mae.
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Homes Prices Expected to Continue to Rise; Fitch Warns of Overheating in Previously Sustainable Areas

March 20, 2018
Brandon Ivey
An increasing number of areas moved from “sustainable” home price appreciation to “overheated” in 2017, according to Fitch.
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Short Takes: Working Group for IRS Income-Verification / BlueWater Buys NPLs / Cherry Hill Adds Servicing from RoundPoint / Fidelity to Acquire Stewart

March 20, 2018
Brandon Ivey
The IRS recently formed a working group comprised of industry participants to address problems with the Income Verification Express Service, according to the Mortgage Bankers Association.
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Mortgage Banking Income Hit From Both Sides in 2017

March 16, 2018
John Bancroft
Rising rates bolstered servicing values late in the year, but reduced production results…
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The Next Steps If Housing-Finance Reform Legislation Doesn’t Happen

March 16, 2018
Carisa Chappell
The Urban Institute believes Fannie and Freddie could be wound down within five years and be replaced by new entities with no government backstop…
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Citadel Pulls the Plug on its First Non-QM MBS, Sees Strong Growth Ahead

March 16, 2018
Paul Muolo
Nomura was serving as the lender’s investment banker on the deal…
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Things Might be Slow at Some Shops, but Not at UWM

March 16, 2018
Paul Muolo
UWM’s Mat Ishbia: “Through January and February, we did $5.1 billion with brokers and we expect these numbers to continue to grow…”
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Short Takes: Throwing Cold Water on VantageScore / Weaker Profit Margins, Never a Good Thing / Impac Thinking About Deals? / One is the Loneliest Number / Fannie Mae Looks to Sell More Real Estate

March 16, 2018
Carisa Chappell and Paul Muolo
After reporting a $44.9 million loss for the fourth quarter, Impac’s share price fell to a new 52-week low...
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