Freddie CEO Don Layton Announces His Retirement September 5, 2018 Paul Muolo For its internal candidate, Freddie has identified David Brickman to succeed Layton.Read More
GSE Buybacks Declined in 2Q18, but Pipeline of Pending Demands Grew September 4, 2018 John Bancroft Only a trace amount – 0.5 percent – of unresolved buyback cases were related to loans purchased by the GSEs before 2009.Read More
CHLA Asks IRS to Ensure Nonbanks are Eligible for New Deduction – Just like Banks September 4, 2018 Brandon Ivey CHLA and the Mortgage Bankers Association have cited a number of technical reasons why nonbanks should be eligible for the pass-through deduction.Read More
Trades Working on a ‘Don’t Do Anything Rash’ GSE Letter to Treasury September 4, 2018 Paul Muolo There’s a growing concern about a potential reduction in GSE loan limits…Read More
RoundPoint Hikes Debt Facility to $650 Million September 4, 2018 Paul Muolo RoundPoints new debt facility expires in 2021...Read More
Short Takes: Quicken’s Message to Loan Brokers / A Big Gain in Quicken’s Broker Market Share? / Lennar Picks New CEO for its Mortgage Sub / Fintechs Should be in CFPB’s Complaint Database September 4, 2018 Paul Muolo and Yemeng Yang The marketing message from Quicken goes on to say: “Brokers are taking notice as we’ve doubled our market share over the last year..."Read More
Mortgage Banking Income at Depositories Held Steady in 2Q18, Call Reports Show September 4, 2018 John Bancroft For many depositories, there’s a significant mismatch between their reported mortgage banking income and what’s on their call reports…Read More
Lower GSE-Eligible Share in Latest Prime Non-Agency MBS from Flagstar August 31, 2018 Brandon Ivey All of the loans in the deal were originated by Flagstar...Read More
CFPB Clarifies HMDA Relief, Formal Rulemaking to Come Later August 31, 2018 Yemeng Yang The CFPB said 26 data points are no longer required for those covered lenders...Read More
In July, FHA Delinquencies Dropped Ever So Slightly August 31, 2018 George Brooks At the end of July, mortgage bankers serviced 7.9 million FHA loans. Wells Fargo ranked first with a market share of 19.2 percent.Read More
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