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Ginnie Imposes Pooling Restrictions on loanDepot, Reinstates Freedom Mortgage

January 31, 2019
George Brooks
The pooling restriction on loanDepot is effective for Feb. 1, 2019...
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White House Issues Statement on GSE Reform, Says it Will Work with Congress

January 30, 2019
Paul Muolo
The White House: “Housing finance reform is a priority for the administration … At this time, no decisions have been made on any reform plan. As part of the process, however, the administration will work with Congress…”
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Plan Afoot to Reintroduce VA ‘Orphan’ Loan Legislation

January 30, 2019
George Brooks
The Protect Affordable Mortgages for Veterans Act of 2018 was passed by the House via a voice vote on Sept. 26 and then sent to the Senate, where it was stalled on a technicality.
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Applications Decline but Signs of Life in Selected Markets?

January 30, 2019
Paul Muolo
On an unadjusted basis, the trade group’s application index decreased 10.0 percent compared to the week prior.
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White House Issues Statement on GSE Reform, Says it Will Work with Congress; Share Price Tanks

January 29, 2019
Paul Muolo
So much for administrative reform of Fannie and Freddie...
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Mortgage Gripes Filed with the CFPB Fall to a New Low

January 29, 2019
Yemeng Yang
Servicing practices attracted the most mortgage-related complaints, accounting for almost half, Inside the CFPB found…
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Seer Readies Non-QM MBS, No Word Yet on Deal Size

January 29, 2019
Brandon Ivey
Seer Capital Management has bought controlling interests in asset origination firms in both the U.S. and Europe…
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Short Takes: Is the Party Over for GSE Common? / A Bubble Bursting on Shareholders / The King of MSR Buys: New Residential / Cleveland Rocks (for New Home Owners), Pittsburgh and OKC Too / Freddie Gets New Chairperson

January 29, 2019
Paul Muolo
New Rez’s MSR haul: $50.9 billion of agency product...
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Legislative Reform of the GSEs This Year? Don’t Bet On It

January 28, 2019
Paul Muolo
The consulting firm, echoing what many in the industry believe, said if housing finance reform were easy “it would have happened long ago.”
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Wells Fargo: Lenders Struggling with Overcapacity, Low Demand

January 28, 2019
Brandon Ivey
Keefe, Bruyette & Woods: “The issue of overcapacity in the industry appears to be persisting…”
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