Agency MBS Production Down a Modest 6.9 Percent in January. Turbulence Ahead? February 9, 2018 John Bancroft January volume was the lowest monthly total since May 2017…Read More
FHFA OIG Takes Issue with Regulator’s Handling of Potential Conflicts Involving Fannie Mae Executives February 9, 2018 Carisa Chappell The names of Fannie Mae executives potentially involved in conflicts of interest were redacted from the report.Read More
PennyMac Financial Posts a $123.9 Million Profit in 4Q, Originations Down by 10.0 Percent; Lender Set to Launch New Products February 9, 2018 Brandon Ivey PennyMac originated $17.04 billion of home mortgages in the fourth quarter, largely through the correspondent channelRead More
House Green Lights Revision to Points and Fees Calculation February 9, 2018 Thomas Ressler House Financial Services Committee Chairman Jeb Hensarling said The Mortgage Choice Act is needed because the CFPB wrote a flawed and problematic definition that grossly miscalculates points and fees...Read More
What We’re Hearing: America, a Good Mortgage Customer? / Higher Rates, but How Much Higher? / Mortgage Bulls / Three Former Clayton Executives Launch Due Diligence Firm / Santander’s Warehouse Chief Departs / Mel Watt’s Successor Might… February 9, 2018 Paul Muolo The new game in town is figuring out who will succeed Mel Watt as director of the Federal Housing Finance Agency...Read More
Government and Jumbo Sectors Took the Biggest Lumps in 4Q17 Lending February 8, 2018 John Bancroft The conventional-conforming market held up relatively well in the fourth quarter, with origination volume easing by just 0.7 percent…Read More
Will CFPB Chief Mulvaney Say ‘Never Mind’ on PHH Case? February 8, 2018 Thomas Ressler In fact, it’s possible the CFPB under Acting Director Mick Mulvaney may just say: never mind.Read More
Ginnie Mae Lays Down Law on VA Churning, Warns Select Group of Issuers They Face Banishment February 8, 2018 Paul Muolo Issuers cited by Ginnie Mae are expected to deliver a corrective action plan...Read More
Freedom Mortgage Buys $25 Billion of Servicing Rights from Stearns Lending February 8, 2018 Paul Muolo In the summer of 2015, The Blackstone Group bought a controlling interest in Stearns.Read More
Better Mortgage Launches Refi Program for Airbnb Hosts, Providing Favorable Treatment to Income from Primary Residences February 8, 2018 Brandon Ivey Better Mortgage will use a borrower’s average Airbnb earnings from the last 24 months...Read More
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