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Short Takes: The No. 2 at HUD Will Be… / Carson’s Advisors / Mnuchin Says His Goal was to Modify Mortgages / The Roots of OneWest: Countrywide / Flagstar Names Whip to its Board

January 19, 2017
Carisa Chappell and Paul Muolo
Early in its existence, IndyMac was a nonbank and had been grub-staked by Countrywide Financial...
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Treasury Nominee Mnuchin Shoots Down GSE ‘Recap and Release’ Concept

January 19, 2017
Carisa Chappell
In general, the Treasury nominee said his goal is to find a “bipartisan solution” to Fannie and Freddie...
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GSE MBS Volume Hit a 3-Year High in 2016

January 18, 2017
John Bancroft
Although heavy refinancing activity accounted for the fourth-quarter uptick in MBS issuance, 2016 was also a strong purchase-mortgage market…
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U.S. Bancorp Reports Lower Home Originations and Applications for 4Q

January 18, 2017
USB blamed the weaker mortgage performance on “lower origination and sales volume.”
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Trump May Ice the FHA MIP Cut, At Least for Now

January 18, 2017
Paul Muolo
One industry source noted: “On January 20, President Trump will be issuing an executive order that freezes all past actions over a certain period of time. The FHA premium reduction gets swept into this.”
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Deutsche Bank’s $7.2 Billion Settlement with DOJ the Largest Residential MBS Action Against a Single Entity

January 18, 2017
Brandon Ivey
DB was faulted for failing to disclose second liens on mortgages in MBS and for concealing refreshed credit scores that were worse that the credit scores disclosed to investors.
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Real Estate Investors Get Invited to Fannie Mae Meeting. The Topic: SFR Loans

January 18, 2017
Carisa Chappell
The invitation to the SFR meeting provided some hope to real estate investors, who have a hard time obtaining financing...
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Short Takes: Time to Worry About ‘Deferred Tax Assets’? / Good News or Bad News? / A ‘Conceptual Exercise’ / Sen. Elizabeth Warren Won’t be in Attendance / New PAC Chief for MBA

January 18, 2017
Brandon Ivey and Paul Muolo
One mortgage insurance lobbyist, when informed of the possibility, called it “great news” while two lenders we interviewed said it was an awful development…
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Correspondent Share of GSE Business Edged Higher in 4Q16; Brokers Slumped

January 17, 2017
John Bancroft
United Shore Financial Services was the top seller of broker loans by a wide margin, with $5.83 billion in fourth-quarter activity, more than twice its nearest competitor…
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Cordray Has a Target on His Back. But When Will Trump Pull the Trigger?

January 17, 2017
Thomas Ressler
It’s no secret that Trump would like to fire Cordray, it’s just a matter of how and when…
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Latest Imf News

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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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