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Final GSE MBS Tally for 4Q16: Just Shy of $300 Billion; Best Quarter Since 2Q13

January 5, 2017
John Bancroft
Fannie Mae’s MBS issuance in 2016 was up 23.3 percent from the previous year…
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First-Lien Mortgages Continued to Perform Better in 3Q16, OCC Finds

January 5, 2017
Thomas Ressler
Residential servicers started 47,955 new foreclosures in the quarter, a 1.6 percent sequential decline, and a whopping 25.3 percent fall compared to a year ago.
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Nonprime Lender Citadel Now Actively Hiring Retail LOs; Ends Year with Just Over $500 Million in Originations

January 4, 2017
Paul Muolo
Citadel now has offices in California, Georgia, Oregon and plans to open an underwriting and transaction location in Salt Lake City soon.
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Short Takes: Dr. Carson to Meet the Senate / Next: Steve Mnuchin / New OneWest Allegations a Problem? Probably Not / Redwood Readies its First Jumbo MBS of the Year

January 4, 2017
Paul Muolo and Brandon Ivey
Will the leaked memo lead to confirmation problems for Mnuchin, a Goldman Sachs and Wall Street alumni? Probably not...
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Walter Inks Deal to Sell Insurance Unit to Assurant Sub for $125 Million in Cash

January 4, 2017
Paul Muolo
Walter CEO Tony Renzi said the sale of the insurance affiliate will “reduce the complexity of our business operations..."
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CFPB Slams TransUnion on Claims About VantageScore, Notes Most Lenders Don’t Use it for Credit Decisions

January 4, 2017
Brandon Ivey
For years, TransUnion has worked to get mortgage lenders and the GSEs to adopt VantageScore, a move that is still under consideration, according to the Federal Housing Finance Agency.
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HECM Volume Down 10.5 Percent YoY; HECM MMIF Value at Negative $7.7 Billion

January 4, 2017
George Brooks
Through the first nine months of 2016 the HECM volume leaders were American Advisors Group, One Reverse Mortgage and Reverse Mortgage Funding.
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Trump Nominee Could Stymie CFPB Rulemaking, Pending the PHH Case

January 4, 2017
Thomas Ressler
“Mr. Mulvaney has been described as a staunch deficit hawk and his nomination is viewed as sending a signal that federal regulations are likely to face tough scrutiny in a Trump administration,” Mishkin said.
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Short Takes: Mortgage M&A Bust? / Don’t Expect Sellers to Cave on Price / RPM Mortgage Hungry for Deals? / Bank M&A Quite Strong in a Post-Crisis Sort Of Way

January 3, 2017
Paul Muolo
With rates rising (and staying that way, for now) mortgage M&A is expected to pick up steam in the coming months...
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A Done Deal: Arch Completes Purchase of No. 1 Ranked MI, United Guaranty

January 3, 2017
Paul Muolo
With the purchase now complete, there are just six MI firms in the U.S.
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Latest Imf News

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Featured Data

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Featured 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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