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Consumers Still Complaining About Mortgage Servicing Practices to the CFPB

February 9, 2017
Thomas Ressler
Complications tied to making payments (loan servicing, payments, escrow accounts), were identified by 33 percent of consumers filing a complaint.
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BlackRock Executive Craig Phillips Could Play a Role in GSE Reform

February 9, 2017
Paul Muolo
Phillips, managing director of financial markets/client solutions at BlackRock, is well known in MBS circles for his early days at First Boston…
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Short Takes: Time to Sell GSE ‘Juniors’? / Bruce Berkowitz, True Believer / What Fannie, Freddie and Sears Have in Common / Whatever Happened to Sears Mortgage? / Texas Capital Accumulating MSR Assets / First Franklin Settles FHA Charges

February 9, 2017
Paul Muolo
Besides the GSEs, one Fairholme’s most speculative investments is Sears Holdings Corp., the struggling retailer…
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HUD IG Says FHA Improperly Cleared New Defect Taxonomy…

February 9, 2017
Brandon Ivey
A recall of the defect taxonomy would be a blow to lenders…
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Radian Picks Another Lending Executive as its New CEO: Rick Thornberry

February 9, 2017
Paul Muolo
Spencer Stuart, headhunting firm, aided the MI in its search for a new CEO. A few months back former Freddie Mac executive Bruce Witherell was approached about the job, but passed.
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Government-Insured Originations Hit All-Time High in 2016, but Fell Off in 4Q16

February 9, 2017
John Bancroft
It doesn’t get any better than this: Ginnie Mae production hit a record $545 billion in 2016…
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Short Takes: Fix & Flip Lender Targets Multifamily Sector / Branching Out Into Florida / No Word on Carson and His Deputy / New Rez Tests ABS Market / Fed General Counsel Alvarez Announces Retirement

February 8, 2017
Paul Muolo and Brandon Ivey
The full Senate could vote on the Ben Carson nomination next week...
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GAO Slams HUD for Weaknesses in Cost Estimates Related to FHA Modernization

February 8, 2017
Brandon Ivey
HUD officials said the agency has been focused on establishing an infrastructure to improve its cost estimating practices.
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Growing Concern that Trump’s Tax Cut Could Hammer Fannie and Freddie

February 8, 2017
Paul Muolo and Brandon Ivey
The DTAs are available to the GSEs as future deductions against taxable income. A reduction in the corporate tax rate would reduce existing DTAs for not just Fannie and Freddie but for other U.S. businesses as well.
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Mortgage Hiring Increased in December, but Several Lenders are Taking a ‘Wait and See’ Approach

February 8, 2017
Paul Muolo
CMG Mortgage founder and CEO Chris George said that when it comes to hiring he's mostly in a "holding pattern" right now, with exceptions...
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Latest Imf News

  • Servicing Portfolios Decline at Rocket, Chase in 3Q

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  • Ending GSE Conservatorship by 2028 Looks Unlikely

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More Imf News

Featured Data

  • Top Ginnie Servicers Increase Portfolios in Third Quarter

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  • Originations Tumble 16% in Third Quarter

More Featured Data

Featured Reports

  • Mortgage Profitability Report 2Q26 (PDF)

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More Latest Reports

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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