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Nonbanks Dominate in Bulk MSR Sales, A Stunning Reversal for Ginnie Transfers

February 6, 2019
Paul Muolo
In years past, Ginnie MSR sales have lagged because of concerns tied to agency acknowledgement agreements…
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Short Takes: About That Net Worth Profit Sweep… / A Permanent Ginnie President? / LOs Tell the Fed: Loan Demand is Weaker / A Lack of Experienced Underwriters for Non-QMs / A New Loan Officer at Castle & Cooke

February 6, 2019
Paul Muolo and Brandon Ivey
Unless a change is made to the terms of their “bailout,” Fannie and Freddie will upstream most of what they earn to Treasury by the end of March...
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Nonbanks Amassed Large MBS Market Share in 2018

February 5, 2019
John Bancroft
Over the same timeframe, agency MBS production by commercial banks, thrifts and credit unions fell 17.2 percent…
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NAR Calls for Release of FHA Condo Rules

February 5, 2019
George Brooks
NAR believes worthy borrowers for too long have been unable to purchase the home of their choice because of FHA’s restrictive condominium rules...
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Third-Party Producers Continue to Dominate in the FHA/VA Space

February 4, 2019
John Bancroft
Meanwhile, the wholesale-broker share of FHA/VA purchase lending inched up to 13.3% in 2018, a 40 bps upward wiggle…
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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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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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Agency MSR Transfers (Sales) Up a Solid 13.9 Percent in 2018

January 28, 2019
John Bancroft
The three most active sellers of bulk MSRs: Stearns Lending, United Wholesale Mortgage and loanDepot, according to exclusive figures from Inside Mortgage Trends…
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Incenter Offers Flow Ginnie Mae Package

January 28, 2019
Paul Muolo
The loan flow will be top heavy with California mortgages…
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NAR Calls on USDA to Process Rural Housing Loans During Shutdown

January 25, 2019
George Brooks
In a series of recent emails, the NAR requested RHS to assign staff to process loan applications...
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