A number of lenders have experienced a sharp decline in refinance volume without a meaningful increase in purchase-mortgage originations, according to Jonathan Corr, president and CEO of Ellie Mae.

At times in 2016, Impac had a monthly retention percentage as high as 84.0 percent, which Joseph Tomkinson said was a market-leading retention rate.

Wells Fargo remained the top producer of first-lien mortgages with a hefty 27.1 percent increase from the first quarter, gaining ground on all of its nearest competitors.

Mnuchin said leaving the GSEs in conservatorship for the next four years “makes no sense.”

Loans collateralized by multifamily properties experienced the biggest increase in the delinquency rate among commercial property types during the month of June, rising 133 basis points to 4.10 percent, according to a new CMBS report from Moody’s Investors Service. But it may not be as bad, sector-wise, as it appears at first glance. “The difference was due mainly to two newly delinquent loans, both multifamily portfolios in the MLMT 2007-C1 transaction,” explained Kevin Fagan, a vice president and senior analyst with the ratings service. “Assuming these loans were current, the multifamily delinquency rate for June would be 2.57 percent.” Delinquency rates increased...

New issuance of MBS backed by income-property mortgages during the second quarter rebounded from a lull in early 2017, according to a new analysis by Inside MBS & ABS. A total of $51.03 billion of commercial mortgages were securitized in the second quarter, a gain of 12.1 percent from the first three months of 2017. That brought year-to-date commercial MBS issuance to $96.54 billion, 12.4 percent ahead of the pace set in 2016. But CMBS production was...[Includes one data table]

The House Financial Services Committee agreed to make key changes to flood insurance reform legislation clearing the way for industry groups to endorse the bill. The committee’s most recent draft includes provisions that would retain “grandfathering,” a policy that protects policyholders from significant rate increases when the Federal Emergency Management Agency periodically revises its flood maps, and allow federal flood insurance coverage of new homes built in 100-year floodplains. The committee also proposes...

Fed Says Refi Ads Can be Made More Effective.

Look to a new CFPB director to make complaint data confidential

Newfi Lending Booms/Home Prices Keep Rising/Homeowners Who Sell See Gains