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Mortgage Complaints Down Without Exception, Data Show

April 10, 2017
Thomas Ressler
Compared to the fourth quarter of last year, mortgage complaints declined by 14.8 percent.
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Are Nonbanks Losing Their Mojo with Fannie and Freddie? GSE Market Share Slips Again

April 10, 2017
John Bancroft
Single-family volume was down from the unusually high level in the fourth quarter of last year…
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What We’re Hearing: Ocwen and Walter, Two Peas in a Pod? / The Shorts Have Made Their Money and Moved On / Will loanDepot Ever Go Public? / Freddie Bullish on MF / When Fannie Mae Earned More Money than the Roman Empire

April 7, 2017
Paul Muolo
One GSE watcher called it, "The biggest company quarterly profit since the Roman Empire, adjusted for inflation of course.”
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Fannie Mae Controller and Principal Accounting Officer to Depart

April 7, 2017
Paul Muolo
Fink is expected to leave Fannie Mae in the second half of the year.
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MBS and ABS Issuance Cooled in Early 2017 as Refis Swooned

April 7, 2017
John Bancroft
Fannie, Freddie and Ginnie securitized $156.80 billion of refi loans during 1Q17, down 35.1 percent sequentially, according to Inside MBS & ABS.
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Freddie Mac Ready to Issue Buyback Waiver Tied to Appraisals

April 6, 2017
Carisa Chappell
GSE originators have long complained that the rep-and-warrant policies need to be more transparent.
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Annaly Buying More Non-Agency Whole Loans

April 6, 2017
Brandon Ivey
As its footprint in the residential credit market expands, counterparties are looking to Annaly as a source of liquidity…
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Godot Finally Arrives: The Federal Reserve Plans to Shrink Its Huge Portfolio Once…

April 6, 2017
Thomas Ressler
The Fed owns roughly $1.7 trillion worth of agency MBS. But don’t expect any wholesale dumping to take place…
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Short Takes: How High are the Regulations, Jamie? Six-Feet High and Rising / Do This and Loan Production Will Increase by $300 Billion / Not Liking Loan Brokers / Hensarling Not Showing the Love / Castle & Cooke Goes Consumer-Direct

April 6, 2017
Paul Muolo
As might be expected, Rep. Jeb Hensarling, R-TX, chairman of the House Financial Services Committee, did his best to pummel the CFPB and its Director Richard Cordray during a hearing Wednesday.
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VA, Industry Seek Solution to Appraiser Shortage, Problem Causing Long Wait Times, Delayed Closing

April 6, 2017
The Department of Veterans Affairs this week expressed willingness to work with Congress and mortgage industry participants to find a solution to the agency’s ongoing appraiser shortage. Testifying during a hearing held by the House Veterans Affairs’ Subcommittee on Economic Opportunity, representatives of the VA Home Loan Guaranty Service, the National Association of Realtors, the Appraisal Institute and Clear Capital said the shortage of appraisers has led to long delays in obtaining appraisals and loan closings, as well as high appraisal costs. The VA appraisal program has been...
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