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Inside Mortgage Finance

December 21, 2017

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Tax Reform a Mixed Bag for Housing Industry: Lower Mortgage Deduction and Some Lobbying Victories

Congress approved significant reforms to federal tax policies this week, which will include a number of changes for the housing industry. Read More

As GSE Reform Waits in the Wings, Fannie and Freddie Continue on as Well-Oiled, Money-Making Machines

Fannie Mae and Freddie Mac likely will post healthy combined earnings for the fourth quarter in the range of $4.0 billion to $5.0 billion, according to an analysis by Inside Mortgage Finance. And un-der a surprise revision to their conservatorship terms, they’ll likely be able to keep a good deal of it. Read More

Ginnie Mae Still Powering Growth in Agency Servicing, Nonbank Surge Cooled Off in 3Q17

Ginnie Mae remained the fastest-growing component of the single-family servicing market dur-ing the third quarter of 2017, expanding at roughly twice the speed of the overall market, according to a new Inside Mortgage Finance ranking and analysis. Read More

Guaranteed Rate Sells a Chunk of the Company To PE Firm, Raising Questions About Its Future

Guaranteed Rate, long the subject of sale rumors, has agreed to sell a chunk of the company to private equity firm Thomas H. Lee Partners, fueling speculation that in time the rest of the nonbank might be placed on the auction block. Read More

FHA Lenders Win Big in Seventh Circuit FCA Ruling That Makes It Harder for DOJ, HUD to Argue Cases

The U.S. Court of Appeals for the Seventh Circuit has joined four other circuits in raising the bar for arguing government cases under the federal False Claims Act, potentially making it harder for the government or whistleblowers to pursue such claims against FHA lenders. Read More

New and Improved DTS Plans for Fannie and Freddie Include Chattel Lending by 2019/2020

Fannie Mae and Freddie Mac are ramping up efforts to support the affordable housing market by financing manufactured housing loans titled as personal property and developing new financing to re-habilitate aging properties. Read More

States Increasingly Requiring MSR Investors to Obtain Licenses, GSEs Require Compliance with State Laws

State regulators are increasingly requiring investors in mortgage servicing rights to get servicer li-censes even if they don’t perform any loan administration functions, according to industry lawyers. Read More

NY Regulator Fines PHH Mortgage for Failing to Maintain ‘Zombie’ Properties, Reminds Industry of its Statutory Duties

New York financial services regulators have ordered PHH Mortgage to pay $119,000 in penalties for failing to maintain a vacant and abandoned property in violation of state’s “zombie” foreclosure law. Read More

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