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In an Ultra-Low Rate Environment, Warehouse Lenders Find Themselves Swamped

September 6, 2019
Paul Muolo

Bob Garrett, executive vice president in charge of warehouse finance at First Tennessee Bank, said he’s seen some competitors that are so overwhelmed with demand they’re turning away business.


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Banks Keep Adding to Their Mortgage Positions – With Newly Originated Loans

September 4, 2019
Paul Muolo

Jumbo specialist First Republic Bank boosted its first-lien holdings by 21.8% on an annual basis…


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Broker Share of FHA/VA Production Spikes

September 4, 2019
John Bancroft

FHA/VA lending is the segment where brokers enjoy their biggest market share. In the jumbo space, they captured just 5.0% of second-quarter volume, along with a 17.1% share in the conventional-conforming market.


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Reverse Lending Weak in 2Q19, Down 34% Compared to Last Year

September 3, 2019
George Brooks

For the first half, the top five HECM lenders were American Advisors Group, One Reverse Mortgage, Synergy One, Reverse Mortgage Funding, and Fairway Independent Mortgage…


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Expanded-Credit Lending Strong in 2Q19 but Trailed the Overall Market in Growth

September 3, 2019
Brandon Ivey

In the first half of 2019, Angel Oak was the top-ranked expanded-credit lender, with production of $1.25 billion…


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Tappable Equity Reached a Record High of $6.3T in 2Q19

August 29, 2019
Yemeng Yang

Tappable equity reached an all-time high of $6.3 trillion in the second quarter of this year, according to Black Knight.


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Agency Purchase Loans Have Lower Credit Scores Than Refis, but Not by Much

August 28, 2019
John Bancroft

Retail originations typically had stronger credit profiles than correspondent or wholesale-broker production...


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Lenders are Busy, Warehouse Banks are Happy but MBA’s Application Index Declines, Again

August 28, 2019
Paul Muolo

“In July and August, we’ve seen crazy volumes,” one warehouse manager told Inside Mortgage Finance…


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GSE ‘Stress Tests’ Predict $18B of Losses in a Severe Recession

August 27, 2019
Dennis Hollier

Even though the preferred stock purchase agreement between the GSEs and the Treasury Department limits Fannie’s and Freddie’s capital reserves to $3 billion each, FHFA still requires the enterprises to undergo the stress test evaluation each year…


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Low Interest Rates Not Enough to Boost Originations: Fitch

August 27, 2019
Brandon Ivey

A decline in interest rates typically helps increase mortgage originations, but this time is different, according to Fitch.


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