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At Banks, Mixed Trends in Demand for Purchase Mortgages; Underwriting Loosened Slightly in 1Q17

May 9, 2017
Brandon Ivey
For GSE-eligible mortgages, 12.9 percent of the banks surveyed loosened their underwriting standards compared to the previous quarter…
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Banking Sector Sees Significant Drop in Mortgage Banking Income in 1Q17

May 9, 2017
John Bancroft
Only two depositories – HomeStreet Bank and Citigroup – reported a net loss on mortgage banking.
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SEC Launches Probe into ‘Certain’ Single-Family Rental Securitizations

May 9, 2017
Paul Muolo
A Radian spokeswoman said the investigation “does not appear to be specific” to Green River Capital…
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Short Takes: Pence Economist and GSE Expert Calabria Cancels Speech / Former OCC Chief Eugene Ludwig Pinch Hits / FHFA Notes Chattel Risks / A Sweet Deal for Redwood / Irving Mayor Gets HUD Post

May 9, 2017
Paul Muolo
The FHFA wants the GSEs to provide liquidity to the trailer home market but there are risks...
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Former Fannie Mae, MI Official Adolfo Marzol Named Senior Advisor to HUD Secretary

May 9, 2017
Paul Muolo
During his long career in mortgage finance, Marzol held senior posts at Fannie Mae where he served as executive vice president and chief credit officer...
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GSEs Keep Pushing to Expand the Credit Box. But are they Satisfied? Is the FHFA?

May 8, 2017
John Bancroft
According to an Inside MBS & ABS analysis, the average credit score for GSE business in the first quarter was 745.1…
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Phoenix Selling Almost $5 Billion of Servicing Rights

May 8, 2017
Paul Muolo
The company that owns the portfolio was described in the offering circular only as an “experienced seller.”
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Moody’s: Trump Tax Reform a Credit Negative for Fannie and Freddie

May 8, 2017
Carisa Chappell
Industry observers like Tim Howard, a former Fannie CFO, said that while reducing the corporate tax rate would lower the taxes the GSEs pay in the long run, it would drain the value of their DTAs in the short term.
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LO Compensation Differs For Retail, Consumer Direct

May 8, 2017
Brandon Ivey
Consumer-direct LOs had a higher average base compensation than retail LOs but received much lower incentive payments.
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The BLS Numbers: Mortgage Bankers Trim Head Count, Loan Brokers Hire

May 8, 2017
Paul Muolo
AmeriHome Mortgage, a larger correspondent buyer of loans, recently said it’s hiring internal support positions.
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Latest Imf News

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Featured Data

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Featured Reports

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