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Thanks to Legal Settlement, Freddie Mac has Blowout 3Q17: $7.19 Billion Profit (Pre-Tax); Almost $1B in Hurricane-Charges

October 31, 2017
Paul Muolo
In late December, Freddie will make its regular quarterly dividend payment to the U.S. Treasury, which holds its senior preferred shares. When it does, most of the $4.67 billion in net earnings will be swept into the general fund.
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Thanks (In Part) to Legal Settlement, Freddie Mac has Blowout 3Q17: $7.19 Billion Profit (Pre-Tax)

October 31, 2017
Paul Muolo
Freddie Mac set aside almost $1 billion in reserves for "recent hurricane activity."
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PiperJaffray: A Bank Purchase of Nationstar Might Make Sense

October 31, 2017
Paul Muolo
According to Inside Mortgage Finance, Nationstar is the nation’s fourth largest servicer based on June 30 figures.
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Prime Non-Agency MBS Issuance Catches Fire in October

October 31, 2017
Brandon Ivey
In the Chase MBS, 44.3 percent of the loans were originated by correspondents…
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Ginnie Mae Task Force Mulls Cures for Rapid Refis

October 31, 2017
George Brooks
Aggressive refinancing now occurs immediately after the six-month window has expired, as some of the activity may have shifted into the custom pool market…
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Deephaven Brings New Nonprime MBS with Angel Oak as Top Contributor

October 31, 2017
Brandon Ivey
It’s Deephaven’s third nonprime MBS deal of the year…
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Short Takes: Keeping an Eye on GSE Hurricane Charges / The Tax Bite / In the End, Treasury Wins No Matter What / More Delinquency Data / A Promotion at Norcom Mortgage

October 31, 2017
Paul Muolo and Carisa Chappell
You might say that in the end, Treasury cannot lose when it comes to the GSEs...
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Sharp Differences in Denial Rates for Jumbos; Some Nonbanks Have Turn-Downs North of 40 Percent

October 30, 2017
Brandon Ivey
In 2016, the overall denial rate for applications for jumbo mortgages was 18.6 percent.
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FHFA Adds Language-Preference Question to New Loan Application Despite Industry Opposition

October 30, 2017
Carisa Chappell
The wording of the language-preference question first tells borrowers that their loan transaction is likely to be conducted in English but gives them the option of selecting one of six languages: English, Chinese, Korean, Spanish, Tagalog, and Vietnamese…
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New Fannie Mae Survey: Humans, Not Robots Preferred

October 30, 2017
Paul Muolo
Also, lender websites don’t seem to sway consumer choices very much…
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Latest Imf News

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Featured Data

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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