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Inside Mortgage Finance

November 8, 2018

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Most Loan Products Saw Declining Volume in 3Q18, But Fledgling Expanded-Prime Sector Continued to Grow

The modest decline in total first-lien mortgage originations during the third quarter affected most sectors of the market, but it hit a little harder at the prime-jumbo space, according to an exclusive new Inside Mortgage Finance analysis. (Includes two data charts.) Read More

With Production and Profits Slowing, Ginnie Mae Tells Nonbank Servicers to Draft Liquidity Plans

Increasingly worried about the liquidity of its largest nonbank issuer/servicers, Ginnie Mae is telling this select group of companies to come up with a plan to address what an agency spokesman characterized as “eventualities.” (Includes one data chart.) Read More

Purchase-Mortgage Lenders Adjusting to Tighter Margins As Market Shifts from Refinances

Lenders that predominantly originate purchase mortgages might have been better prepared for the shift away from refinances but they’re not immune to the tighter margins that have accompanied increased competition for volume in recent months. Read More

M&A Roundup: Plenty of Deals are Percolating But Will They Get Done? Is Ditech Saleable?

The potential sale of Ditech Financial – the largest prize in the mortgage M&A arena – hit a potential snag this week after the New York Stock Exchange suspended trading in the company’s common stock along with Series A and B warrants. Read More

PennyMac Flourishing with Correspondent-Heavy Originations and Large, Growing Servicing Portfolio

PennyMac Financial Services is turning profits, increasing originations, acquiring servicing and looking to grow market share while other lenders are faltering under increased competitive pressure. Read More

GSE Combined Earnings Slip in the Third Quarter, Fannie MBS Guarantee Fees Up

Fannie Mae and Freddie Mac generated a combined net income of $6.72 billion during the third quarter of 2018, down slightly from the $6.96 billion they generated in the previous period. Read More

HUD Considers MOU on Appropriate Use of FCA in FHA Enforcement, Use of Mortgagee Review Board

The Department of Housing and Urban Development is working on a memorandum of understanding on the proper use of the False Claims Act in FHA enforcement and considering increased penalties under the Mortgagee Review Board as an alternative to FCA. Read More

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