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Senate Banking Committee Advances Reg Relief Bill With Substantial Mortgage Reform

December 6, 2017
Thomas Ressler
Can it be? A bi-partisan reg relief measure that helps the mortgage industry?
Read More

Production, Servicing Profits Up in 3Q17

December 6, 2017
John Bancroft
Servicing income rose 1.5 percent during the third quarter, although five of the 12 companies reported declines and one of them – PHH Mortgage – posted a loss.
Read More

Redwood Unveils Expansion Plans: Funding Nonbanks and Lending on Investment Properties

December 6, 2017
Brandon Ivey
Redwood: “We will offer new ways for these [nonbank] sellers to optimize their capital bases…”
Read More

Since the Summer, a Sweet Rally for Fannie Mae, Freddie Mac Common. Meaning?

December 6, 2017
Paul Muolo
Investor Pershing Square Capital should be happy. The firm owns roughly 9.98 percent of Fannie common and 9.77 percent of Freddie.
Read More

HomeStreet Investors Criticize the Bank’s Mortgage Business

December 6, 2017
Brandon Ivey
The investor was also critical of HomeStreet’s efforts to expand its footprint beyond the Pacific Northwest…
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Short Takes: DoubleLine Eyeing Non-QM Sector / Connecticut Lender Attempts ‘12 in 12’ / Sen. Warren Worries about OMB Staffers Embedded at CFPB / English Gets to Keep Her Regular Job, for Now / A Promotion at LoanLogics

December 6, 2017
Paul Muolo and Thomas Ressler
Sen. Elizabeth Warren wants a complete list of OMB staffers who have been detailed to the CFPB by Mulvaney...
Read More

HFSC Chairman Hensarling Makes it Official – He’s Open to Idea of U.S. Backing Mortgages, but Still Wants to Kill Fannie and Freddie

December 6, 2017
Paul Muolo
However, Hensarling is adamant that the plug be pulled on Fannie Mae and Freddie Mac...
Read More

FHFA Updates CSP Project: $661.6 Billion of Issuance Thus Far for Freddie; A Fear of Price Differentials?

December 5, 2017
Paul Muolo
The FHFA said it’s working with Fannie and Freddie to “develop processes to identify and align those enterprise programs, policies, and practices that could materially affect prepayments.”
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The Nonprime Revival Continues: MBS Issuance Could Triple in 2018

December 5, 2017
Brandon Ivey
The issuance figures suggest that investors are gaining comfort with the non-QM asset class…
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Mortgage Banking Earnings Declined for Depositories in 3Q17

December 5, 2017
John Bancroft
Wells Fargo reported a huge drop in mortgage banking income, but the rest of the top five banks all posted increased earnings from their operations…
Read More
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Latest Imf News

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