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Ginnie Mae MBS Program Faltered in 2017…

January 15, 2018
John Bancroft
The agency – which still doesn’t have a permanent president – issued $443.2 billion of MBS backed by forward single-family mortgages in 2017, a 10.8 percent decline from the previous year.
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Housing Finance Reform Needed for Mortgage Servicing Landscape

January 12, 2018
Carisa Chappell
Issues related to servicing are often overlooked when it comes to discussions on housing-finance reform, according to an Urban Institute paper published this week.
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Short Takes: PNC Bank's Mortgage Revenue Declined/KBRA Expects Growth in PLS/Fed Reserve Bank of NY Positive on 2018 Outlook

January 12, 2018
Thomas Ressler
PNC Bank made a relatively paltry $29 million in noninterest income on its mortgage business in the fourth quarter of 2017.
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PennyMac Enters Broker Channel Looking for Growth in Purchase Mortgages and Jumbos

January 12, 2018
Brandon Ivey
After some delays, PennyMac Financial Services launched its broker channel operations this week.
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HMDA Requirements a Top Bank Compliance Concern

January 12, 2018
Thomas Ressler
Banks are increasingly worried about staying compliant with all the recent regulations they’re contending with – and the Home Mortgage Disclosure Act is at the top of the list.
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Fannie Mae, Freddie Mac Multifamily Markets Continued to Grow in 2017, Focused on Green

January 12, 2018
The government-sponsored enterprises both ended 2017 with record-setting numbers in the mul-tifamily market. Freddie Mac issued $68.0 billion in multifamily securities last year, up from $51.2 bil-lion the previous year.
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Non-Agency MBS Rallies, Reverses 2017 Slump

January 12, 2018
John Bancroft
Non-agency mortgage-backed securities issuance had its best quarter of 2017 during the final three months of the year.
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Corker-Warner Still Intact, Looking for Another Democrat to Sign on

January 12, 2018
Carisa Chappell
After rumors late this week surfaced that Sen. Mark Warner, D-VA, was walking away from supporting the government-sponsored enterprises’ bill (Corker-Warner) he crafted with Bob Corker, R-TN, a source close to the housing finance reform discussions confirmed that is not the case.
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Short Takes: Rates Back Up/Applications Rise/Caliber's Non-Prime MBS/Reg C, Z Thresholds Rise

January 11, 2018
Thomas Ressler
Mortgage rates are back up for the week ending Jan. 11, 2018, following Treasury yields, according to the latest results of the Freddie Mac Primary Mortgage Market Survey, released Thursday morning.
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What to Expect Under Mulvaney: Maybe Significant Rule Changes?

January 11, 2018
Thomas Ressler
It’s possible that mortgage lenders and servicers will see the CFPB during the tenure of Acting Director Mick Mulvaney use the five-year “look back” the bureau is required to perform to make significant changes to a pair of major rulemakings: the Truth in Lending Act/Real Estate Settlement Procedures Act integrated disclosure rule (TRID) and the ability-to-repay rule.
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