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Strong 1Q17 Results from Fannie Mae but Down from 4Q16; Account Surplus with Treasury Will Top $43.8 Billion

May 5, 2017
Paul Muolo and Carisa Chappell
In response to a question about Fannie's capital buffer, Mayopoulos said, “It’s our mission to provide liquidity in all markets at all times and we’re continuing to do that. I am glad to see that policy makers are starting to refocus on housing market reform including the lack of capital at Fannie Mae and Freddie Mac.”
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Ginnie Lifts April’s Agency MBS Production Number, but Volume Hardly Budges

May 5, 2017
John Bancroft
Purchase loans accounted for 57.9 percent of April issuance for all three agencies, the highest penetration since September 2015…
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CEO of Fix & Flip Lender Finance of America Commercial Departs – Two Months After His Shop was Bought

May 4, 2017
Mark Filler, CEO of “fix and flip” lender Finance of America Commercial, Chicago, has parted ways with the company two months after its parent company bought his firm, Jordan Capital, and merged it with another lender in the space. According to sources close to Filler, his departure came as a surprise. When the deal was first struck in February, Filler was put in charge of FOAC, which combined Jordan with B2R Finance. When the merger was announced, Filler looked...
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Short Takes: At Impac, a Nice Paycheck for Two Executives / Some History / A Strong Comeback / Invitation Completes Fannie Mae Deal / RedVision Hires Altisource Exec

May 4, 2017
Paul Muolo
The two top executives at Impac Mortgage Holdings took home a combined $13.22 million in pay last year...
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Mortgage Bankers Stress ‘Transition’ to a Post-GSE-Conservatorship World

May 4, 2017
John Bancroft
FHFA Special Advisor Bob Ryan noted: “I’m encouraged by the attention to this…”
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Slated for Sale, Stonegate Takes Loss in 1Q17; Originations Down 39 Percent

May 4, 2017
Brandon Ivey
At March 31, Stonegate serviced $17.42 billion of mortgages, up 6.9 percent from the previous quarter…
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House Financial Services Panel Passes Hensarling’s CHOICE Act

May 4, 2017
Thomas Ressler
Democrats unsuccessfully pushed amendments that would try to keep President Trump, anyone in his administration or any of his businesses from benefitting from any provision in H.R. 10.
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Nonbanks Continue Assault on MSR Market; New Residential Emerges as a Major Player

May 4, 2017
John Bancroft
In no time at all, New Residential has become the nation’s sixth largest owner of residential servicing contracts.
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Nationstar Earns Just $2 Million in 1Q17; Firm Set to Board $155B in MSR Contracts

May 4, 2017
Paul Muolo
On the origination side of the equation, Nationstar funded $3.81 billion, a 13.2 percent drop from 4Q16.
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Short Takes: Mnuchin to the GSEs: Keep Those Checks Coming / Speculation on a Payment Change / Ocwen Makes Some Headway / 735,000 Loan Mods and Counting / First Mr. Cooper, Now Morty

May 3, 2017
Paul Muolo and Brandon Ivey
Perhaps the new Treasury secretary finally looked at the numbers, realizing that Fannie and Freddie – wards of the government since September 2008 – forked over roughly $20 billion to Uncle Sam…
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Latest Imf News

  • First-Lien Originations Decline by 16% in Third Quarter

  • Income Spikes at Rocket in Third Quarter, Helped by Servicing

  • Redwood Issuing Private Non-Agency MBS, No AAA Ratings

  • Pennymac Sees Loss on Production in 3Q; Servicing Profits

More Imf News

Featured Data

  • Seller Repurchases of GSE Loans Bounce Up in 2Q

  • Retail Share Rising in Conventional-Conforming

  • Refi Activity Plummets, Dragging Down Agency MBS in 3Q

  • ARM Production Rebounds

More Featured Data

Featured Reports

  • Mortgage Servicing Rights Report: 2Q26 (PDF)

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  • Agency Seller-Issuer Profile: 2Q26 (PDF)

  • Top Mortgage Players: 2Q26 (PDF)

More Latest Reports

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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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