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March 15, 2017

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Correspondent Channel Lost Some Share of Gov’t Market in 2016

The banking industry continued to backpedal away from the business of servicing home mortgages for other investors during 2016, according to an exclusive new Inside Mortgage Trends analysis of call-report data.... Read More

Another Day, Another Executive Order

President Trump began the week by signing yet another executive order to roll back the reach of the federal government – this one promoting “a comprehensive plan for reorganizing the executive branch.” But unlike some of the earlier EOs from the White House, the odds seem to be higher that this one may apply to the Consumer Financial Protection Bureau.... Read More

Corporate Tax Reform Could Complicate Recapitalizing Fannie and Freddie

Fannie Mae and Freddie Mac could have a harder time recapitalizing if their deferred tax assets are negatively impacted by corporate tax reform, according to one GSE spectator.... Read More

Industry Groups Call for Changes to National Flood Insurance Program

The Mortgage Bankers Association this week urged Congress to support two bills that would make major changes to the National Flood Insurance Program, including clarification that would make private flood insurance acceptable to mortgage lenders.... Read More

Bulk of Fannie Mae's Latest NPL Sales Goes to Goldman Subsidiaries

Subsidiaries of Goldman Sachs (MTGLQ Investors) and Balbec Capital (Igloo Series II Trust) were the winning bidders of Fannie Mae's latest nonperforming loan sale announced this week. The four pools included a total of about 9,400 loans with an unpaid principal balance of $1.68 billion.... Read More

Nationstar in the CFPB’s Crosshairs Over HMDA Reporting

Nationstar, the residential mortgage servicer, revealed recently it is being investigated by the CFPB over issues related to complying with the Home Mortgage Disclosure Act.... Read More

Short Takes: Mortgage Apps Up/Moody's Upgrades a Wells MBS/Quicken Finds Appraisal Disconnect/the FOMC Concludes its Meeting

Mortgage applications rose 3.1 percent, on a seasonally adjusted basis, for the week ending March 10, 2017, versus the week before, the Mortgage Bankers Association announced Wednesday morning. The MBA's Refinance Index rose 4 percent, and its Purchase Index was up 2 percent… Read More

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