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Retail Channel Gains Market Share (Again) in Jumbo Lending

December 10, 2019
Brandon Ivey

Market leader Wells Fargo has acknowledged that correspondent lending has lower profit margins than retail.


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New GSE Loan Limits Could Have Big Impact in Some States (California)

December 9, 2019
Brandon Ivey

California accounted for the highest volume of originations of jumbos that could be lost to Fannie and Freddie.


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A 27% Gain for FHA Lending in 3Q19

December 9, 2019
George Brooks

Quicken Loans, United Wholesale Mortgage and Fairway Independent Mortgage, ranked first, second and third, respectively among FHA producers…


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Short Takes: A Boom in Broker Hiring / A Peak Share of 20%? / The FSOC Report, Not So Bad? / Natural Disasters and Insurance Premiums

December 6, 2019
Paul Muolo and George Brooks

Scott Olson said CHLA is urging state and local regulators not to over-react to the FSOC report...


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A Bank Leads Volume Gainers in 3Q19. How’s That?

December 6, 2019
Paul Muolo

TD Bank is heavily reliant on the retail channel for mortgage production…


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The Tea Leaves: Agency MBS Production Up Slightly in November

December 6, 2019
John Bancroft

While production at the two government-sponsored enterprises rose a combined 6.7% for the month, hitting $117.55 billion, Ginnie issuance was off 7.3% from October.


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When Conforming Loan Limits Increase, FHA is Soon to Follow

December 5, 2019
George Brooks

Alaska, Hawaii, Guam and the U.S. Virgin Islands have a higher ceiling due to above-normal construction costs. In 2020, their ceiling will be at $1.148 million...


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Purchase Market Dominates in 3Q but Refis Gain Ground

December 5, 2019
John Bancroft

Inside Mortgage Finance found that lenders originated an estimated $369.0 billion of purchase mortgages in 3Q19, accounting for 52.7% of total first-lien production…


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Mr. Cooper Discloses Weaker Lending Margins

December 4, 2019

Mr. Cooper: “Prepayment speeds have remained high so far in the fourth quarter, with forward owned CPRs of 20.3% in October and 17.8% in November…”


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Another Year of Shrinkage at the CFPB

December 4, 2019
Yemeng Yang

At Sept. 30, the CFPB employed 1,430 workers, down 5.3% from a year earlier and 14.3% below the 1,668 it employed in 2017.


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Latest Imf News

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