IMFnews

March 29, 2017

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Retail Channel Dominated Agency Lending in 2016

Mortgage brokers accounted for 12.9 percent of agency production. Read More

Fannie Mae’s Involvement in SFR Market Raises Questions of ‘Charter Creep’

A former Fannie executive said it was always his belief the GSE charter allowed for multifamily financing but the idea was to fund “vertical” homes and not “horizontal.” Read More

MBA Cautions Against Defining All Loans Held in Portfolio as Qualified Mortgages

The portfolio QM proposal is supported by many Republicans along with some Democrats... Read More

Applications Weak, Refis Really Weak. And: An ‘Inventory’ Problem

As one mortgage CEO noted: “We’d be knocking it out of the park already if there were more [home] sellers." Read More

Why Lenders Are Avoiding ‘Next Gen’ Tech Providers: the Costs are Too High

The most prevalent users of next-gen tech were large and mid-sized lenders… Read More

Short Takes: Key Posts at HUD Remain Unfilled / HUD Chief Takes ‘Listening Tour’ to Texas Public Housing / Wells Gets ‘Needs to Improve’ on CRA Exam / It’s Dividend Time for Fannie and Freddie / New Hires for Selene

The Trump administration appears to be in no rush to fill key posts at HUD, Ginnie Mae and FHA... Read More

Mortgage Industry Expects FHFA Chief Watt to Change the GSE Dividend; Five Senators Warn Against It

However, on Wednesday, five members of the Senate Banking Committee wrote to FHFA Director Mel Watt, warning him against taking any administrative action that might alter the dividend payment. Read More