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The Nonprime Revival Continues: MBS Issuance Could Triple in 2018

December 5, 2017
Brandon Ivey
The issuance figures suggest that investors are gaining comfort with the non-QM asset class…
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Mortgage Banking Earnings Declined for Depositories in 3Q17

December 5, 2017
John Bancroft
Wells Fargo reported a huge drop in mortgage banking income, but the rest of the top five banks all posted increased earnings from their operations…
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Ocwen, Nationstar Reach Separate Settlements on Various Servicing-Related Issues

December 5, 2017
Brandon Ivey
But news of the settlements wasn’t doing much for their stock prices. Both were down slightly on the day.
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Short Takes: When it Comes to GSE Issues, No Lobbying Please / A Large MSR Package Forthcoming? / KBW Ends Coverage of Walter / Newfi Gets Fannie Approvals, FHA / Yes, Cordray is Running for Governor / Redfin Director Departs Suddenly

December 5, 2017
Paul Muolo
We understand that a fairly large bulk portfolio of mortgage servicing rights might be hitting the auction block soon...
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A Small Gain for Warehouse Lending in 3Q17, but Providers Nervous About Lower Usage Rates

December 5, 2017
Paul Muolo
Overall, consultant Larry Charbonneau described warehouse lending as “still a great business.”
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Redwood Trust CEO Marty Hughes to Retire Next Spring, Will Remain as an Advisor

December 4, 2017
Paul Muolo
According to figures compiled by affiliate Inside Mortgage Finance, Redwood ranked 11th among all non-agency jumbo producers through Sept. 30 with a volume of $2.99 billion.
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New Amendment in GOP Tax Bill Spares Adverse Treatment for Mortgage Servicing Income

December 4, 2017
Brandon Ivey
The MSR-saving amendment fixing the tax language was offered by Sen. Mike Rounds, R-SD...
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3Q17 Mortgage Buyback Activity Higher at Freddie, Lower at Fannie

December 4, 2017
John Bancroft
GSE buyback activity has trended lower over the past two years…
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As ‘Zero Capital’ Day Approaches, Senate Moves to Create a GSE Bill

December 4, 2017
Paul Muolo
Lobbyists and others tracking the effort told this newsletter that those who’ve been shown the legislative language have taken a non-disclosure vow…
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Short Takes: Atlanta’s Mayor Wants Fannie Chairman Perry to Resign / Arch’s Chief Economist: Housing Relief for Seattle, Looser Credit / LendingHome Hits $2B Mark / Senators Make Threats Regarding English / A Promotion at LoanLogics

December 4, 2017
Paul Muolo, Thomas Ressler, and Carisa Chappell
Nine senators said they would work to invalidate any new rules issued by the CFPB if Leandra English prevails in her attempts to unseat and replace the bureau’s acting director, Mick Mulvaney...
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Latest Imf News

  • Oksenholt Defends Single Holding Company for GSEs, Tech

  • Large Servicers See Reduction in Jumbo Portfolios in 2Q

  • Private Mortgage Insurance Companies Set for VantageScore Usage

  • Garg Claims to be ‘True’ CEO of Better

More Imf News

Featured Data

  • Slowing Refis Drag on Ginnie Issuance in July

  • Chase Non-Agency RMBS Servicing Rebounds in 2Q

  • Fitch Retains Top Ranking in MBS & ABS Ratings in 2Q

  • Refis Trail Off in 2Q, Purchase Lending Slightly Ahead of 2025

More Featured Data

Featured Reports

  • Guide to Mortgage Lending to First-Time Homebuyers

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More Latest Reports

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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