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And the Beat Goes On: GSEs Print Another Monthly Record

September 1, 2020
John Bancroft

With four months still to go, 2020 already ranks as the second-highest year ever for Fannie/Freddie single-family business.


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GSE Refi Fee Could Impact Mortgage Disclosures

September 1, 2020
Yemeng Yang

If the LLPA is passed to consumers as a charge at consummation, lenders will have to disclose the added cost as an “origination charge” on the loan estimate and closing disclosure.


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Depositories Rake in the Mortgage Profits. Then There’s Wells Fargo...

September 1, 2020
John Bancroft

Commercial banks and thrifts posted a whopping $5.62 billion in net income from their mortgage banking operations during the second quarter.


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Pacific Private Money Completes its First Securitization of Bridge Loans

September 1, 2020
Brandon Ivey

The $100 million securitization consists of bridge loans for both owner-occupied and business-purpose properties.


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Forbearance Reading Remains Flat but Growing Problems in Ginnie, PLS Buckets

August 31, 2020
Paul Muolo

Black Knight said 3.9 million homeowners remain in forbearance...


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A California Version of the CFPB Gains Focus

August 31, 2020
Yemeng Yang

A California version of the CFPB? The Golden State boasts the largest mortgage market in the nation...


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Where Have All the Non-QM (Whole Loan) Bargains Gone?

August 31, 2020
Paul Muolo

Roughly $5 billion worth of expanded-credit loans were stranded, looking for a home but investors wouldn’t bite unless the originator/seller was willing to take a major haircut on the sale. And many did.


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GSE Loan Buybacks Actually Fell in 2Q20. However…

August 31, 2020
John Bancroft

Higher delinquencies should lead to more Fannie/Freddie loan buybacks, but we're not there yet, thanks, in part, to forbearance...


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GSEs Not Pleased With FHFA's Re-Proposed Capital Rule

August 31, 2020
Dennis Hollier

Fannie and Freddie warn that g-fees could spike...


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Warehouse Commitments Keep Rising. The Best Conditions Ever?

August 28, 2020
Paul Muolo

With nonbanks continuing to steal market share away from depositories, warehouse commitments have been going through the roof. Of course, ultra low mortgage rates help...


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Latest Imf News

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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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