The Final Tally for 3Q18 Originations: $435 Billion. Modest Declines Expected in the Quarters Ahead October 25, 2018 John Bancroft The mortgage market was somewhat more top-heavy in the third quarter, with the top 25 lenders accounting for 57.7 percent of total production…Read More
Computershare Poised to Buy Servicing Rights as M&A Predictions Accelerate. Asset Sales Preferred? October 25, 2018 Computershare Loan Services has a message for the residential finance sector: If you’re looking to sell mortgage servicing rights, CLS wants to talk to you.Read More
Fed’s Beige Book: Rising Demand for Mortgages? A Slowdown for Dallas October 25, 2018 Yemeng Yang In contrast, Dallas has seen slowing demand for real estate loans...Read More
Short Takes: HUD Chief on GSE Reform / Carson’s Sober Take on Interest Rates / New Rez’s MSR Bet Paying Off? / In Love with a 4 Percent Mortgage / Incenter Executive Leaves for Blue Water October 25, 2018 Paul Muolo HUD Secretary Ben Carson had some sobering thoughts about low interest rates...Read More
Ginnie Mae EVP Maren Kasper: Prepays are Still a Big Problem October 24, 2018 Paul Muolo A growing concern that foreign investors might avoid Ginnie MBS?Read More
Jumbo-Conforming Spread Closer than Perceived October 24, 2018 Brandon Ivey During the financial crisis, average interest rates on conforming mortgages were much lower than rates on jumbos…Read More
Industry Consultant Dave Lykken: Fourth Quarter will be a ‘Blood Bath’ October 24, 2018 Paul Muolo Rick Roque, managing director of Menlo Company, sees tough times ahead as well...Read More
Trouble Brewing? FHA and VA Delinquencies on the Rise October 24, 2018 John Bancroft No wonder Ginnie Mae Acting President Michael Bright is nervous: Short-term default rates showed the biggest increases…Read More
Short Takes: Honey, If You Put Any More Money Into that Mortgage Company… / Citadel (Officially) Branches Out into SBCL / $400 Million Next Year? / Fannie Mae Sees Ghost Companies / When Bullying Might Work (Trump and Powell) October 24, 2018 Paul Muolo Fannie Mae continues to mine for non-existent companies that might show up on the consumer loan applications submitted to its seller-servicers...Read More
Senate Banking Committee Hearing on GSE Pilots is Back On – Post Election October 23, 2018 Paul Muolo Cowen expects the next FHFA director to either terminate the GSE pilots or let them expire...Read More
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