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August 23, 2018

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Correspondent Market Cooling in 2018 As Retail Share Grew in Second Quarter

The residential mortgage market took an unusual turn in the second quarter as retail production gained ground under conditions that generally favor third-party channels... Read More

Senate Banking Committee Approves Kathy Kraninger to be the Next CFPB Director

The Senate Committee on Banking, Housing, and Urban Affairs Thursday morning approved Kathy Kraninger’s nomination to become the head of the Consumer Financial Protection Bureau in a party-line 13-12 vote. The Senate Majority Leader Mitch McConnell will have to assign floor time to advance the CFPB nomination... Read More

Freddie Mac Announces a $1.45 Billion SLST Deal

Freddie Mac Tuesday afternoon announced an approximate $1.45 billion Seasoned Loans Structured Transaction of a pool of seasoned reperforming loans, the largest SLST deal of this year... Read More

State Regulators Adopt Uniform Single MLO Licensing Test

The Conference of State Bank Supervisors recently announced that all states and U.S. territories now use a single, common exam to assess mortgage loan originators... Read More

Short Takes: MBA Concerned About Tax Deduction for Some Lenders / Annaly About to Close MTGE Deal / More Nomination Confirmed / Mortgage Rates Continues to Decline

yyang@imfpubs.com Mortgage Bankers Association is concerned that many lenders won’t be eligible for a new 20 percent tax deduction for pass-through entities. Lenders that retain their production in portfolio look to be eligible for the deduction, but there is uncertainty around businesses that originate and sell loans. In a letter to the Internal Revenue Service, the MBA argued companies that finance real estate loans should be able to claim the deduction. See this Friday’s edition of… Read More

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