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HMDA: Mixed Trends in Denial Rates for Jumbos

September 27, 2019
Brandon Ivey

Quicken Loans denied 29.6% of applications for jumbo purchase-mortgages in 2018 and denied nearly half of the jumbo refi applications it received.


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FHFA Chief Calabria Keeps a Close Watch on G-Fees, More

September 27, 2019
Paul Muolo

In late 2018, the FHFA published a report on g-fees paid from 2013 to 2017, stratifying it by five different lender cohorts…


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Plenty of Investors Saddle Up to the MBS Bar as the Fed Cuts Back

September 27, 2019
John Bancroft

Recent Treasury Department figures show foreign holdings of agency MBS grew by $42.9 billion from March to June…

 


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Rising Real Estate Values Boost Home Equity: CoreLogic

September 26, 2019
Yemeng Yang

Rising real estate values translate into more home equity for consumers, but that doesn’t mean they will tap it…


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Servicing Tied to MBS Up in 2Q19. Bank Portfolios Grow

September 26, 2019
John Bancroft

Combined, Fannie Mae, Freddie Mac and Ginnie Mae accounted for 63.0% of total home mortgage debt outstanding at the end of June.


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Short Takes: Another Record Quarter for Angel Oak / Former PrimeLending Official Joins AO / The CFPB Staffs Up / If the QM Exemption Goes Away / New Hires for loanDepot, M&M

September 25, 2019
Paul Muolo

If the QM "patch" disappears as scheduled in early 2021, some lenders might see originations plummet. At least, that's the fear...


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A Smackdown for New Mortgage Applications. Time to Worry?

September 25, 2019
Paul Muolo

Industry vet Bill Dallas of Finance of America: “The next two quarters will be pivotal for mortgage bankers.”


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Subservicing Sector Continues to Grow, But More Slowly

September 24, 2019
Paul Muolo

The press-shy Cenlar – which has a thrift charter – continued to dominate the subservicing rankings with a market share of 21.3%...


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Fannie/Freddie Loan Buybacks Tied to Recent Vintage Product

September 23, 2019
John Bancroft

Three large nonbanks led the pack in GSE buybacks during the second quarter: Quicken Loans, Caliber Home Loans and loanDepot…


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Short Takes: The Clock is Ticking on Certain GSE Pilot Programs / Yes! / BSI Hires RoundPoint’s Allen Price / Plenty to Talk About at ABS East / Expansion for loanDepot / When Banks Were MSR Kings

September 20, 2019
Paul Muolo

Back in 2011, large bank servicers – including Wells Fargo, JPMorgan and Bank of America – controlled roughly 94% of the mortgage servicing market, a fact cited in a new report from the Conference of State Bank Supervisors. Today, just four commercial banks rank among the top 10 servicers.


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