MGIC and NMI Restrict Loans with DTIs North of 45 Percent January 29, 2018 George Brooks MGIC said the origination of such loans accelerated last summer when Fannie Mae eased guidelines on loans with 45 percent and above DTI.Read More
New Milken Institute Report: The ‘Protected’ GSE Duopoly Must End January 29, 2018 Paul Muolo The authors note that 90 percent of Fannie/Freddie MBS trading occurs in the TBA forward market.Read More
Short Takes: Women Mortgage Bankers Weigh In on Sexual Harassment / How the Survey was Conducted / Part of a Broader Conversation / A Whopper of an MF Loan Using Fannie Mae’s Money / NAR to FHFA: Reduce G-Fees Now / Mortgage Tech Vendor Gets New President January 29, 2018 Paul Muolo In total, 13.5 percent of the 2,000 women who were sent the survey responded. Read More
A Record Year for Commercial Mortgage Securitization In 2017, Freddie Reports Gigantic Fourth Quarter Volume January 26, 2018 A record year in agency multifamily MBS issuance pushed the overall commercial mortgage securitization market to an all-time high in 2017, according to a new analysis by Inside MBS & ABS.Read More
Record Year for Commercial MBS, Freddie Mac a Standout January 26, 2018 John Bancroft Remarkably, Freddie Mac knocked out roughly $34.60 billion in multifamily MBS – over half of its total for the year – during the fourth quarter...Read More
Department of Justice Issues Subpoena to Lennar’s Mortgage Affiliate January 26, 2018 Paul Muolo Lennar said the mortgages funded by its affiliate were “originated and sold in prior years.”Read More
Are Mortgage Bankers Eligible for New Tax Deduction? January 26, 2018 Brandon Ivey The provisions would seem to eliminate income from mortgage banking from receiving the full benefits of the deduction. Read More
PE Firms and REITs Show Interest in Financing Mortgage Servicing Rights January 26, 2018 Brandon Ivey The law firm helped a number of companies structure MSR financing transactions last year.Read More
What We’re Hearing: When the GSE Status Quo Ends / Burn This / Peter Wallison for FHFA Director? / Painful Memories at MGIC (The First Cut is the Deepest) / A Spot Check on Mortgage Applications / A Promotion at WFG National Title January 26, 2018 Paul Muolo As for the FHFA position, several trade group chiefs fear that once Watt departs, the FHFA will be put in the hands of a Mick Mulvaney-type...Read More
Home Lending Tapered Off in 4Q17, but Full Year Better Than Expected January 25, 2018 John Bancroft Residential lenders funded $1.810 trillion of home mortgages in 2017, beating expectations…Read More