‘Tappable’ Home Equity Hit $4.7 Trillion in Late 2016, a 10-Year High April 13, 2017 Thomas Ressler December 2016 represented the 56th straight month of annual home price appreciation, with values rising 5.5 percent over the course of the year…Read More
FHFA IG Cites Problems with the Agency’s Examiner Program April 13, 2017 Carisa Chappell The agency has acknowledged the need for a commissioned examiner program to provide classroom and on-the-job training…Read More
Short Takes: Assessing Wells Fargo / Did the Account Fabrication Scandal Play a Role? / Watching the Yield on the 10-Year (Fall) / Better Mortgage Believes it Has a Better Idea on LO Comp / SFIG Prepares the Next Phase April 13, 2017 Brandon Ivey and Paul Muolo For Wells, the bigger question might be: did its “account fabrication” scandal of 2016 (which is still reverberating at the company) affect its mortgage business?Read More
Jumbo Lender First Republic’s 1Q Originations Slip Almost 18 Percent, but Strong Improvement in Gain-on-Sale April 13, 2017 Brandon Ivey Home equity lending at First Republic totaled $414.3 million in the quarter, off 8 percent from the prior period.Read More
An Ominous Sign? Residential Production at Wells Fargo Slumps 39 Percent; JPM Not as Bad April 13, 2017 Paul Muolo Then again, compared to the same period a year ago, Wells' production is just about flat... Read More
MBA Calls for Changes to Basel’s ‘Punitive’ Treatment of MSRs April 13, 2017 Thomas Ressler MBA believes the “unnecessarily punitive treatment" of MSRs makes them one of the most costly asset classes in the entire Basel III framework... Read More
Nonprime Lenders May See a Banner Year in 2017 April 13, 2017 “Ever since Trump was elected, we’ve been so busy,” said Citadel founder and CEO Dan Perl…Read More
Short Takes: Ed DeMarco and TBTF / An Accomplishment: G-Fee Parity / Hensarling’s Donors / GSEs Stay Busy on the Multifamily Front / What Mortgage Directors Earn April 13, 2017 Paul Muolo In 2012, the g-fee disparity fell to about 6 bps. By 2013 it was just about gone. And you can credit Ed DeMarco…Read More
CFPB Proposes HMDA Rule Clarifications April 13, 2017 Thomas Ressler One change would facilitate reporting the census tract of a property, using a new geocoding tool that the CFPB plans to provide online. Read More
CitiMortgage’s Third-Party Servicing Portfolio Plummets 66 Percent; Lending Off 32 Percent April 13, 2017 Paul Muolo It’s a safe bet that CitiMortgage will no longer be a top-10 ranked residential servicer…Read More
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