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FHFA Vows to Keep Tight Lid on Fannie/Freddie Homogeneity

July 8, 2016
John Bancroft
According to the FHFA, both GSEs already have extensive internal procedures for vetting any business change that could affect prepay speeds…
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What We’re Hearing: What’s $465 Billion Among Friends? / How Much More Business will Wells Fargo and JPM Cede to the Nonbanks? / Ocwen, Ocwen, Ocwen / Will the FHFA Hold a ‘Liquidity Summit’ on Nonbanks Too? / Higher GSE Capital Minimums?

July 8, 2016
Paul Muolo
Recently, rumors were making the rounds in Washington that Fannie and Freddie might be pondering an increase in their net worth minimums for seller/servicers...
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Don’t Look Now, but Nonbanks Had the Market Share Lead on GSE Deliveries in 2Q16

July 7, 2016
John Bancroft
Nonbank mortgage lenders saw a 33.0 percent increase in GSE deliveries during the second quarter…
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If Mortgage Bankers Need Extra Revenue, They Can Sell Leads to Real Estate Agents

July 7, 2016
Brandon Ivey
Researcher Tom Popik noted that real estate agents rarely mention lenders as a “favorite” source of leads…
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Mortgage Company Parent Firm J.G. Wentworth Being Delisted by the NYSE

July 7, 2016
Paul Muolo
In general, this is not a pretty time for mortgage-related stocks, even though interest rates are at an all-time low.
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HUD IG Prods Agency to Provide Documents in a ‘Timely and Complete’ Manner

July 7, 2016
George Brooks
On occasion, HUD staff denied or sat on IG requests for information…
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The TRID ‘Scratch & Dent’ Market is Still Humming Along, but…

July 7, 2016
Paul Muolo
TRID errors have been costly with some lenders forced to sell perfectly good mortgages at a loss in the secondary market…
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Lenders Seen as a Reliable Source for Homebuyer Leads for Real Estate Agents, though Practice is Somewhat Uncommon

July 7, 2016
Some lenders are generating extra revenue by providing a valuable service to real estate agents: providing leads on potential homebuyers. Real estate agents report mixed feelings about the services offered by Quicken Loans and others, according to a recent survey conducted by Campbell Surveys and sponsored by Inside Mortgage Finance. Interactions between lenders and real estate agents typically relate to homebuyer referrals by agents to lenders. However, some lenders also sell homebuyer leads to real estate agents. “There is...
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Short Takes: Bond Market Bubble? / MSR Owners: Now Let Us Pray / What the Investment Bankers Think / Maybe Ginnie Shouldn’t Hold Invitation-Only Summits / Quicken Tops in FHA Condo Lending

July 7, 2016
George Brooks and Paul Muolo
Quicken Loans was the top FHA condo lender in the first quarter of 2016, according to a new ranking from Inside FHA/VA Lending.
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As Rates Hit New Lows, Demand for Warehouse Financing Grows, Concerns About MSR Marks

July 7, 2016
Warehouse lenders that supply credit to nonbank originators have seen usage rates and new line requests increase significantly in the past few weeks, thanks in part to plunging interest rates brought about by the “Brexit” vote. David Frase, president of warehouse lending for Southwest Bank, said, “Any warehouse bank that isn’t seeing record volume is probably malfunctioning in some way. We’ve been pretty darn busy.” Other warehouse managers have reported...
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Latest Imf News

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