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Inside Mortgage Finance

January 4, 2018

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Refi Surge Offset 4Q17 Swoon in GSE Purchase- Mortgage Business, Fannie Rebounds in December

The volume of single-family home loans flowing into Fannie Mae and Freddie Mac mortgage-backed securities rose unexpectedly in the fourth quarter of 2017, according to a new ranking and analysis by Inside Mortgage Finance. Read More

CFPB, Other Federal Regulators to Provide a ‘Good- Faith’ Grace Period for Enforcing New HMDA Rules

Mortgage lenders pressing to get compliant with the new data collection and reporting require-ments under the Home Mortgage Disclosure Act got a bit of a reprieve, as the Consumer Financial Pro-tection Bureau and the other prudential regulators announced they would take “good-faith efforts” ap-proach to enforcement. Read More

Thanks to GOP Tax Bill, Fannie and Freddie Will Take $15.3 Billion in DTA Writedowns

Fannie Mae and Freddie Mac will bolster their 2018 earnings by a combined $3 billion thanks to GOP tax reform legislation signed into law by President Trump in late December, according to calcula-tions from Keefe, Bruyette & Woods. Read More

Many Motivating Factors for Reforming the GSEs in 2018 but Whether It’ll Happen Remains in Limbo

Although there appears to be plenty of motivation for reforming Fannie Mae and Freddie Mac in 2018, it remains a herculean legislative effort that will require bipartisan support. Some observers think overhaul of the government-sponsored enterprises this year is closer than it has ever been, while others say political headwinds could make it impossible Read More

Quicken Taps the Corporate Bond Market Yet Again. But Will (or Can) Others Follow Suit?

In late December, Quicken Loans sold roughly $1 billion worth of corporate debt through a pri-vate placement, agreeing to pay investors an attractive yield of 5.25 percent. Read More

In Year One of the Trump Administration, FHA Laid the Groundwork for Future Action on Several Regulatory Issues

FHA saw many of the policies under the previous administration shelved during the first year of the Trump administration, including a proposal for a 25 basis point reduction in the annual mortgage in-surance premium, while waiting for a new commissioner to head the program. Read More

Lender Helping Purchase-Mortgage Borrowers Compete With Cash Buyers by Speeding the Appraisal Process

Better Mortgage, a “digital” lender, is seeing increased demand for purchase mortgages by helping borrowers compete with cash buyers. The lender focuses on appraisal timelines and provide guarantees for earnest-money deposits if a potential borrower’s sale falls through due to financing issues. Read More

Lenders Seeking to Avoid Delays in Mortgage Processing after Being Blindsided by Changes to IRS Verification Service

Lenders raised concerns in December after updates to the Internal Revenue Service tax verifica-tion service extended processing times for mortgage originations. Industry groups said the IRS didn’t provide enough advance notice about the changes. Read More

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