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Freddie Mac Predicts a 3Q16 Production Boom of $595 Billion

September 21, 2016
Brandon Ivey
Freddie expects originations to hit $2.0 trillion this year, a 14.3 percent sequential improvement…
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Nationstar Mortgage JV with KB Home to End; $1 Billion of Production in Limbo?

September 21, 2016
Paul Muolo
The privately held Stearns Lending is already “offering mortgage banking services” to the homebuilder’s customers…
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Judge Orders Govt. to Produce More GSE-Related Docs, Shows Signs of Frustration

September 21, 2016
Carisa Chappell
Margaret Sweeny, the judge presiding over the case, is growing increasingly frustrated with the government’s attempt to keep documents out of the public domain
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Short Takes: Hillary to Turn GSEs Into Public ‘Utilities’? / Don, Low Rates are Good / How Far Will the OCC Go? / A Lack of Ethics was the Problem / Bestborn Hires Three

September 21, 2016
Paul Muolo
So, what’s wrong with banks and financial service companies offering sales quotas? Nothing at all, if...
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JPM Prepares Another Jumbo MBS, First Deal in More than a Month

September 20, 2016
Brandon Ivey
Despite improvement in securitization returns, jumbo whole loan sales are still more profitable, KBW said.
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CFPB’s TRID Rule Gets the Blame for a Rise in Mortgage Defects

September 20, 2016
Thomas Ressler
In fact, these two categories are responsible for more than 75 percent of all defects.
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Mortgage Trade Groups Fear an 'October Surprise' on the GSE CSP

September 20, 2016
Paul Muolo
“We’re extremely concerned the CSP would be transferred to a nonprofit or a corporation where the board members include executives from JPMorgan Chase or GE Capital,” CMLA's Corso said.
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MountainView, Prestwick Roll Out New MSR Auctions

September 20, 2016
Paul Muolo
As rates increase, more deals are hitting the market...
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Short Takes: The Wells Fargo Senate Barbeque / The Scandal’s Effect on Wells’ Mortgage Business? / Hats Off to the Los Angeles Times / Sen. Warren Slams Stumpf / Jumbo Update

September 20, 2016
Brandon Ivey and Paul Muolo
Will a potential residential mortgage customer bolt Wells Fargo because they can’t trust the bank’s employees, including its retail loan officers?
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On the Rise Again: Bank Repurchases of Mortgages

September 19, 2016
John Bancroft
All of the second-quarter increase can be attributed to Bank of America, which reported $372.0 million in repurchases for the period – up $67.0 million from the first quarter.
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Latest Imf News

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Featured Data

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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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