The White House plans to nominate someone to lead Ginnie Mae but given the current political turmoil in Washington, is this a pipe dream? Investors don’t seem worried about the agency, at least not yet.
Earlier in the year, production forecasts were downright glum. But thanks to the never-ending rate rally, 2019 could turn out to be a $2 trillion-plus year for originations.
Legislation was passed earlier this year to curb abuses tied to VA rapid refis but lender violations remain an issue. At least, that’s how the VA sees it. Big audits may be in the works.
Look out below: Investor/hedge fund titan Leon Cooperman said on CNBC Wednesday morning that if Sen. Elizabeth Warren, D-MA, is elected president the stock market will fall by 25%...
BofA no longer reports mortgage earnings separately in its quarterly results. Residential finance is housed in the company’s community banking division, which reported net income of $3.3 billion in 3Q19, a slight gain from the prior period.