IMFnews

October 9, 2017

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GSE Purchase-Loan Share Hit 63 Percent in 3Q17, a 10-Year High

The flow of home loans for first-time buyers was up a robust 24.7 percent on a sequential basis… Read More

Judge in Closely Watched GSE Shareholder Case Moves to Release More Documents

The plaintiffs have long argued that the government is trying to keep roughly 1,500 documents hidden under the deliberative process and bank examination privileges. Read More

PHH Private-Label Customer Morgan Stanley Slashes Stake in Nonbank to 0.2 Percent

Back in 2015, the Morgan Stanley PLS contract accounted for roughly 20 percent of PHH’s originations… Read More

Mortgage Brokers Added 1,400 Jobs in August, Lenders Not so Much

Steve Abreu, founder and CEO of Newfi, said the privately held nonbank is taking resumes from wholesale representatives and underwriters. Read More

Average SFR Vacancy Rate Increased in August, but Investor Demand Remains Strong

“Only two single-borrower, single-family rental securitizations posted a retention rate below 70.0 percent,” Morningstar said… Read More

Short Takes: Treasury Working on GSE Ideas? / Will Trump Get Involved Directly? / Sauri Launches FinKube / Too Much Overhead, Maybe / A New Hire for Endeavor

With Trump being a real estate developer – though that part of his career is on hold right now – it will be interesting to see if he takes a hands-on approach to reforming the GSEs... Read More