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FHFA Language Access Plan Clarifies Concerns, Creates Questions

May 17, 2018
Carisa Chappell
By the end of this year, Fannie Mae and Freddie Mac plan to create a clearinghouse of resources such as translated mortgage documents to help borrowers who have a limited proficiency of English.
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Short Takes: Goldman’s Consumer-Relief Obligations at $1B/Lending in the Gig Economy/New Construction Drops/Low Credit Score Buyers Pay A lot More

May 17, 2018
Carisa Chappell
Goldman Sachs is approaching $1 billion in credit towards reaching a $1.8 billion consumer-relief obligation under two mortgage-related settlement agreements with the Department of Justice and three states, including New York, Illinois and California.
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Mortgage Performance Improves in First Quarter; But FHA/VA Delinquencies Increase on an Annual Basis

May 16, 2018
Brandon Ivey
The higher delinquency rates on FHA/VA loans are likely tied to hurricanes that struck select markets last fall.
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M&A Market Heats Up, Union Home Buys Arizona Lender

May 16, 2018
Paul Muolo
UHM has roughly 130 retail branches across 36 licensed states…
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Short Takes: Time to Change the QM Rule? / Bright Tapped to Head Ginnie / MSR Sellers Sitting Pretty? / After the Recession… / Applications Decline Again / NAR’s Chief Lobbyist Sets Retirement Date

May 16, 2018
Paul Muolo and Yemeng Yang
Residential firms looking to sell mortgage servicing rights are in a sweet spot right now. However...
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Coming Uniform MBS Could Have Side Effects for Fannie Mae

May 15, 2018
Paul Muolo
Fannie disclosed the single-security “may adversely affect our financial results and contribute to declines in the liquidity or market value of our MBS.”
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HomeStreet Contemplates Selling a $5 Billion Package of Servicing Rights

May 15, 2018
Paul Muolo
HomeStreet restructured its mortgage business last year…
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As Originations Slow, Warehouse Providers Face Tight Profit Margins, Riskier Credits

May 15, 2018
Paul Muolo
According to a tally by Inside Mortgage Finance, few warehouse providers bucked the trend of falling commitments.
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Flagstar Packages GSE-Eligible Mortgages on Investment Properties into Non-Agency MBS

May 15, 2018
Brandon Ivey
Packaging the loans into a non-agency MBS suggests that Flagstar expects better execution in the non-agency market than from delivering the mortgages to Fannie Mae or Freddie Mac.
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GSE Share Prices Weaken; KBW: Risk-Sharing Deals Hurt Profits

May 15, 2018
Paul Muolo
KBR points out that risk-sharing results in premiums being shifted away from Fannie and Freddie to providers of credit risk protection.
Read More
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Latest Imf News

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Featured Data

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More Featured Data

Featured Reports

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More Latest Reports

Featured Poll

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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