FTHB Market Strongest Since 2006, Supply Headwinds Remain February 22, 2018 Carisa Chappell A lack of affordable homes to buy could stifle the first-time home buyer market, Genworth believes…Read More
FHFA Establishes ‘Minimum’ Return on Equity Goals for Fannie and Freddie, Sparking New Speculation February 22, 2018 Paul Muolo and John Bancroft According to their financial disclosures and company officials, both GSEs saw a sharp decline in the average guarantee fee they charged on new MBS issued during the fourth quarter…Read More
PIMCO Points to the Benefits of Having the GSEs in Conservatorship February 22, 2018 Carisa Chappell PIMCO also believes government MBS loan limits should be based on borrower income, not housing prices…Read More
Refi Bump Helped Boost Retail Share in Late 2017, Correspondent Suffered February 22, 2018 John Bancroft Wells Fargo was the top retail and correspondent lender in 2017 while United Wholesale Mortgage took home the gold in the wholesale/broker category…Read More
Citi Plans to Integrate its Mortgage Division into Retail Banking February 22, 2018 Paul Muolo Over the past year, Citi’s MSR portfolio has shrunk by a stunning 42.1 percent…Read More
CFPB Seeks Feedback on External Engagements, Seven More RFIs to Come February 21, 2018 Yemeng Yang The agency will issue seven more RFIs in the coming weeks on such topics as complaint reporting and inherited rules.Read More
A Great Time to Sell Servicing Rights: IMA, MIAC and Prestwick Launch Auctions February 21, 2018 Paul Muolo The MSR auction calendar is starting to look crowded…Read More
Short Takes: IU Chief Pagliara Weighs in on Supreme Court Decision / Bill Ackman is Now Underwater on his GSE Bets / NAMB Wants Ban on ‘Trigger Leads’ / Ditech Names Interim CEO but Does He Get the $5 Million? February 21, 2018 Paul Muolo, Brandon Ivey, and Carisa Chappell It appears that Pershing Square is now under water on its GSE investments...Read More
Seniors Had Fewer Mortgage-Related Complaints in 2017 February 21, 2018 Most complaints from seniors over the past two years centered on conventional mortgages…Read More
In Wake of Warehouse Fraud, Santander Sells Business to Flagstar. Deal Will Create Nation’s Fourth Largest Warehouse Provider February 21, 2018 Paul Muolo Flagstar also will hire Santander’s “existing" warehouse relationship managers...Read More
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