Mortgage Employment Outlook Improves. UWM and AOMS are Hiring June 10, 2019 Paul Muolo Help needed far and wide: Loan officers and processors...Read More
Ginnie Mae MBS Issuance Jumps 18% in May June 10, 2019 John Bancroft In May, the top three Ginnie MBS issuers were PennyMac, Freedom Mortgage and United Wholesale Mortgage… Read More
What We’re Hearing: A Speculator’s Dream (or Nightmare) / Feeling Good These Days: Warehouse Banks and their Customers / Habib Sees a Recession Coming / Throwing Cold Water on a Quick Stock Sale by Fannie and Freddie June 7, 2019 Paul Muolo A Fannie/Freddie stock sale could take three to four years, says Raymond James & Associates in a new report...Read More
Agency MBS Issuance for May: $116 Billion, the Best Reading of the Year June 7, 2019 John Bancroft Fannie Mae led the pack with $43.58 billion in MBS issuance last month, a 32.9% jump from April... Read More
Short Takes: A Fannie-Freddie IPO? Not So Fast / $20 a Share? / When in Doubt, Pick the White Guy Category / If Cordray Was Running the CFPB… / New Hires for Waterstone, LoanLogics June 6, 2019 Paul Muolo If Democratic-appointee Richard Cordray was still in charge at the CFPB would the Freedom Mortgage fine be larger?Read More
MBA: IMBs No Longer Losing Money on Originations. However, Expenses Jump June 6, 2019 Good news/bad news: origination profits are up, but so too are expenses...Read More
Agency ‘Jumbo’ Production Plunges 21% in 1Q19 June 6, 2019 John Bancroft Meanwhile, non-agency jumbos accounted for 18% of primary market originations, up from 17.6%...Read More
Short Takes: A Refreshing Assessment from Freddie’s Don Layton / Hey, Let’s Build an AU System Everyone Can Use (Maybe Not) / FHFA Pulls the Plug on Rate Survey / Booming Loan Originations. However… / CHLA Hires Industry Vet Willison June 5, 2019 Paul Muolo Freddie CEO Don Layton: "People tell me, ‘Well, let’s have a common AUS that everyone can use.’ My only data point on that is that to have a common system on the backend for the security (UMBS) took seven years and $2 billion to build…”Read More
Potential Borrowers Overestimate Mortgage Qualification Requirements June 5, 2019 Brandon Ivey Even current mortgagors don't know the minimum requirements...Read More
Short Takes: A Lower Production Read on LOs / FHFA Chief Weighs in On Affordable Housing Creation / Thinking About What Gordon Gekko Once Said / Civic Launches Correspondent Initiative / Wholesale v. Correspondent June 4, 2019 Paul Muolo and Brandon Ivey If only we had more GSE charters...Read More
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