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IRS Confirms that Lenders Are Eligible for New 20 Percent Deduction (in Some Instances)

January 22, 2019
Brandon Ivey
The IRS, however, doesn’t address whether lenders that purchase mortgages are eligible for the deduction.
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What We’re Hearing: GAO Worries About Fannie & Freddie / The Return of Jeb Hensarling / Top-Ranked Nonbank Enters the HELOC Market / Quicken Courts the Refi Market / Eddy Perez to Head MORPAC / Take Our Salary Survey

January 18, 2019
The title of the new GAO report says it all: The Prolonged Conservatorships of Fannie Mae and Freddie Mac...
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JPM Packs GSE-Eligible Collateral into a $978 Million Non-Agency MBS

January 16, 2019
Brandon Ivey
Roughly 42 originators are providing collateral for the JPM MBS…
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GSE Market Shifted Toward Megabanks in 4Q18

January 16, 2019
John Bancroft
Chase’s secondary market patterns are typically herky-jerky…
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Residential Lending Declines for Both BofA and U.S. Bank

January 16, 2019
Paul Muolo
A top ten lender, U.S. Bank produced $9.1 billion of mortgages in 4Q18, a 19.1 sequential decline...
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Ginnie Mae Postpones Annual Summit, Citing Government Shutdown

January 16, 2019
Paul Muolo
Scheduled speakers included Housing and Urban Development Secretary Ben Carson, Kasper and Edward DeMarco, former acting Director of the Federal Housing Finance Agency.
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Private MIs Boost Share of Agency Purchase Loans

January 16, 2019
John Bancroft
The FHA share of insured purchase loans has been falling…
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Short Takes: Mr. Cooper Cuts Jobs in California / Blackstone’s Finance of America Unit Will Close Roseville Office / loanDepot Courting Wells Fargo LOs? / Freshman Socialist Will Sit on the HFSC / A New Hire for Nations Lending

January 16, 2019
Paul Muolo
Socialist Rep. Alexandria Ocasio-Cortez, D-NY, will sit on the House Financial Services Committee, which oversees banking, mortgages, as well as Fannie Mae and Freddie Mac.
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Residential Production Falls 17 Percent at Wells Fargo, Mortgage Profits Plunge

January 15, 2019
Paul Muolo
Management blamed the lower figures on “seasonality.”
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Residential Production Down by Almost 24 Percent at No. 2-Ranked JPMorgan Chase

January 15, 2019
Paul Muolo
JPM valued its MSR portfolio at 117 basis points at the end of the fourth quarter, reducing the mark from 122 bps in 3Q18...
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Featured Data

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