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Fannie Mae’s Net Profit Fell 54 Percent After the GSE Took a $2.8 Billion Hit on Derivatives

May 5, 2016
Carisa Chappell and Paul Muolo
G-fees – which have been rising in recent years – are ultimately paid by borrowers.
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Lenders Push for House Vote on Bill Helping LOs Move From Banks to Nonbanks

May 5, 2016
Brandon Ivey
The Association of Mortgage Professionals, which represents mortgage brokers, said it believes the measure will dilute states’ rights to protect consumers.
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Two Harbors Takes $88.93 Million Net Loss in 1Q Due to MSR ‘Fair Value’ Changes

May 5, 2016
Brandon Ivey
Two Harbors was the first – and thus far only – firm to issue a jumbo MBS with loans subject to the TRID mortgage disclosure rule.
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A Sale of PHH/Assets Looms Large After 1Q Loss, Declining Revenue and Falling Originations

May 5, 2016
Paul Muolo
Earlier this year, management signaled that the nonbank is considering its options...
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Short Takes: The New Mortgage Normal: Volatility / When Red Turns to Black / Citadel on a Hiring Spree / Stearns Gets a New CFO / Would Your Lending Shop Accept Private Flood Insurance?

May 5, 2016
George Brooks, Carisa Chappell, and Paul Muolo
Is the end near for servicing writedowns? Hedging marks?
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Lenders Pushing for House Vote on Bill Helping LOs Move From Banks to Nonbanks, Mortgage Brokers Raise Concerns

May 5, 2016
Lenders and mortgage brokers are at odds over a House bill that would make it easier for loan originators to leave jobs at depository institutions and go to work for nonbank lenders. The Mortgage Bankers Association is pushing for a vote in the House on H.R. 2121, the SAFE Transitional Licensing Act of 2015. The bill was approved by the House Financial Services Committee in March on a 56-0 vote. The unanimous bipartisan support for the bill was fairly rare and suggested strong prospects for the legislation to move forward. However, a vote in the House has yet...
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Banks Toy with Creating an ‘FHA-Like’ Mortgage for Portfolio; But Can it Fly?

May 5, 2016
Paul Muolo
FHA lending via the retail channel by many of the nation’s largest depositories has plummeted in recent years...
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Too Much Regulation? A 70 Percent Spike in Mortgage Exams at the CFPB Last Year; Nonbank Servicers Under Intense Scrutiny Compared to Peers

May 4, 2016
Thomas Ressler
The exam outlook is even worse for nonbank mortgage servicers..
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Hammered by MSR Writedowns, Nationstar Posts $133 Million Loss for 1Q16

May 4, 2016
Paul Muolo
When are falling rates a bad thing? Answer: When you own a ton of mortgage servicing rights.
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At Least Someone in the Mortgage Industry is Thinking About Climate Change: Freddie Mac

May 4, 2016
George Brooks
A past study commissioned by FEMA estimated that the areas designated as special flood areas will increase by 45 percent by the end of this century. In coastal areas, such designations would increase by 55 percent.
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Latest Imf News

  • Non-Agency MBS Sectors Hit Post-Crisis Highs for Issuance in 2025

  • MSR Values, Hedging Eat Into U.S. Bank’s Mortgage Earnings

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Featured Data

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