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MBA’s ‘Profit’ Took a Hit in FY 2017, but Assets Increased by Almost 10 Percent

August 29, 2018
Paul Muolo
MBA listed compensation for “current officers, directors, trustees and key employees” at $6.0 million for fiscal year 2017. It was $7.1 million the year prior…
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Gateway Mortgage Founder, a Trump Supporter, Wins GOP Primary in Oklahoma

August 29, 2018
Brandon Ivey
The Gateway Mortgage founder won the Republican primary with 54.6 percent of the vote.
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Short Takes: A ‘Significantly’ Less Liquid Secondary Mortgage Market? / In Five Years the GSE Loan Limit Would be Zero (for Example) / Origination Capacity Remains Elevated / Fannie Exec Joins RoundPoint

August 29, 2018
Brandon Ivey and Paul Muolo
Origination capacity in the mortgage industry remains “elevated,” according to a new report from PiperJaffray.
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Bank ABS Investment Rebounds in 2Q18

August 28, 2018
John Bancroft
In fact, bank ABS investment began to taper off at about the same time the supply of ABS outstanding began to grow again.
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More M&A Activity Ahead for Celebrity Financial?

August 28, 2018
Paul Muolo
Celebrity’s Robnett hinted that a third acquisition could be revealed by October.
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CBO: U.S. Cost to Guarantee $12 Trillion in GSE MBS Over the Next 10 Years: $19 Billion

August 28, 2018
Paul Muolo
CBO projects that under current law, the share of new single-family mortgages guaranteed or held by Fannie and Freddie will slowly recede…
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Driven by Lower Expenses in 2Q, Nonbanks Stage a Turnaround in Origination Profits

August 28, 2018
Brandon Ivey
Personnel expenses averaged $5,195 per loan in the second quarter, down $704 from 1Q18…
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UWM Stages an Origination Sale: No-Cost Appraisals Until Yearend

August 28, 2018
Paul Muolo
One UWM broker, requesting anonymity, took the offer with a grain of salt: “If someone wants to help the broker and the consumer, they would dump the application fees.”
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Short Takes: A New Origination Forecast from Freddie / Market Share Leaders in Retail and Correspondent / FHFA Seeks Comment on ‘Golden Parachutes’ / Arch’s Reinsurance Deal / Better Mortgage Hires Fed Economist

August 28, 2018
Brandon Ivey and Paul Muolo
But Wells Fargo dominated in the correspondent channel with a 20.9 percent market share...
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IRS Gives GSE Single-Security Project a Boost

August 27, 2018
John Bancroft
The tax code includes several provisions that address whether the exchange of property is subject to taxation.
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