Fannie, Freddie, MBA Hike Their Origination Forecasts (Some Ever So Slightly) April 16, 2015 Paul Muolo Some lenders are swamped with refis...Read More
GSE Refi Loans with PMI Spike 37 Percent in First Quarter 2015 April 16, 2015 John Bancroft The steadily declining average loan-to-value ratio on PMI-covered refinances reflects dwindling production in the HARP program.Read More
1Q Residential Production at Citigroup Lags Peers; Servicing Continues to Shrink April 16, 2015 Paul Muolo Meanwhile, Citigroup continues to see its servicing “for others” portfolio shrink...Read More
Texas Depository Purchases 15-Year-Old Nonbank Mortgage Firm April 16, 2015 Paul Muolo In general, depositories have not been active buyers of mortgage companies, though that’s starting to change somewhat. Read More
Short Takes: So Much for the Moratorium on Captives Joining FHLBs / Nonprofits Stand Up for Ocwen / Ocwen Layoffs? / Time to Exit SFR? / CFPB Rule Update April 16, 2015 Paul Muolo, Thomas Ressler, and Brandon Ivey Is the bloom off the rose in the single-family home rental market? Some institutional investors are shedding assets.Read More
Credit Union Share of Residential Production Hits a Record 9.45 Percent April 16, 2015 John Bancroft Credit unions now lay claim to almost 10 percent of the residential lending market.Read More
FHA Recaptures Few of Its Refinances; Cut in Annual Premium Could Help April 16, 2015 Paul Muolo Where are these FHA loans migrating to? “Fannie Mae and Freddie Mac,” said Chappelle. Read More
Points-and-Fees Language Passes House but White House Veto Looms April 15, 2015 Thomas Ressler Hours before the House vote, word came from the White House that President Obama would veto the measure.Read More
Low Credit Enhancement on New Jumbo MBS From Two Harbors April 15, 2015 Brandon Ivey Credit enhancement levels set by the rating services play a major role in an issuer’s decision to come to market.Read More
BofA Grows Originations by Almost 13 Percent; Layoffs Ensue April 15, 2015 Paul Muolo BofA continues to carve down the size of its mortgage servicing portfolio.Read More
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