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So, Who Will Cut Pricing First? FHA or the FHFA?

July 13, 2016
Paul Muolo
One mortgage insurance lobbyist added: “Fannie and Freddie really don’t want to cut fees. It would hurt their earnings. It’s hard to imagine them doing anything right now that would reduce revenues.”
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JPM, Freddie Mac Preparing Separate Securities Backed by Conforming Mortgages

July 13, 2016
Brandon Ivey
The pending deal from Chase will include 4,122 mortgages, according to a due diligence review by Opus Capital Markets Consultants…
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Omaha PE Firm Partners with Alterra Home Loans for ‘Significant’ Capital Raise

July 13, 2016
Paul Muolo
In 2015, Alterra Home Loans had a growth rate of 100 percent. The firm also has a small servicing portfolio but uses a subservicer to do the processing.
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Former FHFA Chief Ed DeMarco Says Turn the GSEs into Insurance Companies

July 13, 2016
Carisa Chappell
The authors advocate for competition in the secondary market…
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On the Rise Once Again: New Mortgage Applications

July 13, 2016
Sherry Muolo
Another week, and another gain in new mortgage applications...
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Short Takes: FHFA’s Watt Finally Answers the Big Dogs / Mortgage Layoffs at Bank of America / UWM Rolls Out 1 Percent Down Option / Housing Finance an Issue in Donald v. Hillary?

July 13, 2016
Macie Jones and Paul Muolo
With the presidential election underway, many Americans are beginning to analyze and critique the candidate’s various policies – including their views on housing and finance.
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Broker Group Says ‘Hidden’ LLPAs, G-Fees Should be Disclosed to the Borrower

July 12, 2016
Thomas Ressler
Should the industry be concerned if the borrower finds out about LLPAs?
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‘Portfolio QM’ Proposal from GOP Faulted by Consumer Advocate, Praised by Lenders

July 12, 2016
Brandon Ivey
The president and CEO of the Credit Union National Association countered that the current limitations on QMs may disqualify creditworthy members from obtaining a mortgage.
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Good News for Borrowers and Lenders: Home Equity Nears Its All-Time Peak

July 12, 2016
Sherry Muolo
One other finding from Black Knight: roughly $75 billion in home equity has been extracted from residences over the past 12 months…
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Loan Broker Employment Highest in Almost Eight Years

July 12, 2016
Paul Muolo
The only major bank to rank among the top five table funders in 1Q16 was U.S. Bancorp with a 4.1 percent market share.
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Latest Imf News

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