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UWM Stages an Origination Sale: No-Cost Appraisals Until Yearend

August 28, 2018
Paul Muolo
One UWM broker, requesting anonymity, took the offer with a grain of salt: “If someone wants to help the broker and the consumer, they would dump the application fees.”
Read More

Short Takes: A New Origination Forecast from Freddie / Market Share Leaders in Retail and Correspondent / FHFA Seeks Comment on ‘Golden Parachutes’ / Arch’s Reinsurance Deal / Better Mortgage Hires Fed Economist

August 28, 2018
Brandon Ivey and Paul Muolo
But Wells Fargo dominated in the correspondent channel with a 20.9 percent market share...
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IRS Gives GSE Single-Security Project a Boost

August 27, 2018
John Bancroft
The tax code includes several provisions that address whether the exchange of property is subject to taxation.
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FHA Forward Production Increases, but HECM Originations Slide

August 27, 2018
John Bancroft
HECM originations plunged 40.9 percent in the second quarter as tighter reverse-mortgage regulations limited the product’s appeal to borrowers…
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More GSE-Eligible Loans in New MBS from JPMorgan Chase

August 27, 2018
Brandon Ivey
The top contributors to the MBS: Chase, AmeriHome and loanDepot…
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Fear and Loathing in MBS-Land: Trading Volume Hits Low for the Year; New Product Creation Hardly Robust

August 27, 2018
Paul Muolo
Then again, it’s not the first half that market watchers are worried about – it’s the remainder of the year.
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No Longer for Sale, RoundPoint Sells Shares in Private Placement

August 27, 2018
Paul Muolo
Of the $17.2 billion that RoundPoint subservices, roughly $3.0 billion is non-agency product, said Alan Price, an executive at the company…
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Short Takes: Don’t Worry About the Government / Don and Maxine, Fireworks Ahead? / Steve’s Choice / Invitation Homes CEO Takes A Leave of Absence / Customers You Never Need to Call (A Good Thing)

August 27, 2018
Paul Muolo
Cowen believes Rep. Maxine Waters will use the post to go after President Trump and his White House team...
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Expanded-Credit Lending Gains, but Not as Much as Overall Market

August 27, 2018
Brandon Ivey
The top-five EC lenders are: Redwood, U.S. Bank, Angel Oak, Citi and Citadel Servicing…
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GSE Mortgage Portfolios Continued to Shrink in Second Quarter, Emphasis on Loss Mit and New Issuance

August 24, 2018
John Bancroft
Both government-sponsored enterprises are comfortably within the maximum $250.0 billion mortgage portfolios they are permitted to have under the terms of their conservatorship.
Read More
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Latest Imf News

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