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Redwood’s Net Income Increased as the REIT Boosted ‘Expanded-Credit’ Activity

January 22, 2018
Brandon Ivey
Redwood said profit margins exceeded its "long-term expectations" of 75 to 100 basis points...
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Phoenix Capital, Prestwick Out with New MSR Deals

January 22, 2018
Paul Muolo
Several other MSR packages are expected to hit the market in the coming weeks…
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Short Takes: Fannie, Freddie and the Government Shutdown / Ginnie Mae Down to a Skeleton Crew? / Sorry, Call Later When We’re Open / But the CFPB is Open for Business / New LOs for Mortgage Network

January 22, 2018
Brandon Ivey, Paul Muolo, and Thomas Ressler
HUD tells the mortgage industry: “Due to the federal government shutdown, the information on this website may not be up to date…”
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What We're Hearing: GSE Reform is Dead, Here’s Why / Okay, Maybe a 20 Percent Chance of Passage / What’s Riskier? GSE Stock or Bitcoin? / Nonbank CEO Ready to Depart / Brett Hively Resurfaces / FHA and the Government Shutdown

January 19, 2018
Paul Muolo
The White House may be committed to GSE reform, but Republicans are not...
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GSEs Report Record-Breaking Multifamily Market for 2017

January 19, 2018
Freddie Mac set a new company record for multifamily lending last year by financing $73.2 billion in loan purchase and guarantee volume. That’s a noteworthy 30 percent increase from the $56.8 billion financed in the previous year and translates to 820,000 units. Freddie attributes the growth to a host of new offerings and executions. The GSE set records in small-balance loans, targeted affordable housing and its Green Advantage businesses. “The strength of our innovative products, underwriting and world-class securities brings liquidity to every corner of the multifamily market,” said David Brickman, Freddie’s executive vice president and head of multifamily.
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Non-Mortgage ABS Issuance Hit a Post-Crisis High in 2017

January 19, 2018
John Bancroft
Total non-mortgage ABS production climbed to $211.72 billion in 2017, the market’s strongest year for new issuance since 2007…
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Most Large Banks Report a Production Decline for 4Q17

January 19, 2018
Paul Muolo
The lone bank bucking the trend was U.S. Bank, Minneapolis, which funded $12.5 billion, a 3.3 percent improvement from the prior period.
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Behind the Trump Tax Changes: Revised Treatment of Rate-Lock Commitments and Hedges

January 19, 2018
Brandon Ivey
IRLCs generally last 30 to 60 days, with lenders agreeing to make a mortgage at a particular interest rate prior to funding the loan.
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GSE Shareholders Appeal Loss in ‘Sweep’ Case Against the FHFA

January 19, 2018
Carisa Chappell
The plaintiffs argue that the GSEs and their private stockholders did not receive any consideration in exchange for the net worth sweep…
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The Trend is Clear: Nonbanks Poised to Have a 50 Percent Agency MSR Share

January 18, 2018
John Bancroft
The nonbank share of agency servicing grew by 4.7 percentage points during 2017.
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