Treasury Faulted for Not Following Cost-Benefit Analysis When Making Changes to HAMP July 7, 2015 Brandon Ivey The GAO analyzed changes to HAMP implemented in October and beyond, including extending performance incentive payments to borrowers...Read More
Investors Keeping MBS – For Now? Worries About Greece, China, PR? July 7, 2015 Paul Muolo The highest reading of the year came in January, $245.9 billion, a time when interest rates were still declining.Read More
FHA Sets Deadline for Filing Claims, Revises Reimbursement Policy July 7, 2015 George Brooks Since the housing crisis, the mass filing of claims has placed a huge strain on resources at the FHA.Read More
Short Takes: Is SF in a Housing Bubble? / If You’re Going San Francisco, Bring Lots of Money for that Hotel Room / Some Think It’s Easy to Get a Mortgage / Rates Fall / BOK Hires Fifth Third Executive to Head Mortgage Unit July 7, 2015 Paul Muolo, Sherry Muolo, and Carisa Chappell According to a new consumer survey from Fannie Mae, 63 percent of consumers think that now is a good time to buy a home, tying a survey low...Read More
Retail Channel Played a Key Role in 2Q Business Surge at Fannie and Freddie July 6, 2015 John Bancroft The rise in retail market share likely reflects the fact that smaller lenders, which are more likely to do retail lending exclusively, account for a growing share of GSE business. Read More
Mortgage Hiring Keeps Apace, But: No More Weekends Off July 6, 2015 Paul Muolo Savitt noted that some lenders don’t want to staff up too much “only to have to lay off workers later on.”Read More
Fitch Upgrades Tranches of Jumbo MBS Issued in 2010 and Beyond July 6, 2015 Brandon Ivey The jumbo MBS rated by Fitch since 2010 haven’t experienced any losses.Read More
‘Marriage Equality’ Passes, But Will It Have Any Effect on Mortgage Production? July 6, 2015 George Brooks In addition, 25 percent of all LGBT survey respondents said they plan to purchase real estate in the next three years.Read More
Good News for Lenders: Cash Purchases Lowest Level Since November 2009 July 6, 2015 Paul Muolo RealtyTrac noted that the peak for cash deals came in February 2011 at 42.2 percent of all transactions.Read More
Short Takes: HUD IG Now Going After Multifamily Originators / About that Mortgage IPO… / Realtor.com Offers Mortgage Advice, More / Rep. Garrett Slams GSE CEO Pay Raises July 6, 2015 Paul Muolo, Sherry Muolo, and Carisa Chappell Is the mortgage IPO market dead? Yes, says consultant Joe Garrett...Read More