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A Delinquency Crisis: Hurricanes Wreak Havoc on FHA Performance. Nearly 30 Percent of FHA PR Loans ‘Past Due’

January 23, 2018
John Bancroft
A staggering 15.8 percent of the island commonwealth’s FHA loans were more than 90 days late as of Dec. 31, and another 13.0 percent were 30-90 days in arrears.
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Short Takes: An Ugly Few Months for Fannie, Freddie Common / Canary in a GSE Coal Mine: Layoffs at Pershing Square / GSE DTA Charges Coming Soon / Arch Cautious on NJ, CT / Hamilton Hires Ex-Warehouse Exec

January 23, 2018
Paul Muolo
Pershing Square plans to cut almost one-fifth of its staff. One of the casualties: Ackman’s personal driver…
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A Boom Year for Mortgage Servicing Transfers, Though 4Q Cooled Somewhat

January 22, 2018
John Bancroft
The bulk market was dominated by New Residential Mortgage…
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Under Mulvaney, the CFPB May Go Easy on Lenders – but the States Certainly Won’t

January 22, 2018
Thomas Ressler
Compliance attorneys strongly suggested now is not the time for mortgage companies to let their guard down.
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The Money Source Poised for a Production Boom, Wants to Hire 134 LOs

January 22, 2018
Paul Muolo
The Money Source wants to hire 134 retail loan officers this year and 60 account executives…
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Redwood’s Net Income Increased as the REIT Boosted ‘Expanded-Credit’ Activity

January 22, 2018
Brandon Ivey
Redwood said profit margins exceeded its "long-term expectations" of 75 to 100 basis points...
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Phoenix Capital, Prestwick Out with New MSR Deals

January 22, 2018
Paul Muolo
Several other MSR packages are expected to hit the market in the coming weeks…
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Short Takes: Fannie, Freddie and the Government Shutdown / Ginnie Mae Down to a Skeleton Crew? / Sorry, Call Later When We’re Open / But the CFPB is Open for Business / New LOs for Mortgage Network

January 22, 2018
Brandon Ivey, Paul Muolo, and Thomas Ressler
HUD tells the mortgage industry: “Due to the federal government shutdown, the information on this website may not be up to date…”
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What We're Hearing: GSE Reform is Dead, Here’s Why / Okay, Maybe a 20 Percent Chance of Passage / What’s Riskier? GSE Stock or Bitcoin? / Nonbank CEO Ready to Depart / Brett Hively Resurfaces / FHA and the Government Shutdown

January 19, 2018
Paul Muolo
The White House may be committed to GSE reform, but Republicans are not...
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GSEs Report Record-Breaking Multifamily Market for 2017

January 19, 2018
Freddie Mac set a new company record for multifamily lending last year by financing $73.2 billion in loan purchase and guarantee volume. That’s a noteworthy 30 percent increase from the $56.8 billion financed in the previous year and translates to 820,000 units. Freddie attributes the growth to a host of new offerings and executions. The GSE set records in small-balance loans, targeted affordable housing and its Green Advantage businesses. “The strength of our innovative products, underwriting and world-class securities brings liquidity to every corner of the multifamily market,” said David Brickman, Freddie’s executive vice president and head of multifamily.
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