The latest economic and policy trends facing mortgage servicers

Join this webinar for an in-depth roundtable discussion on economic and policy trends impacting servicers as well as a look ahead at strategies servicers should employ in the next year.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.

A real estate professor weighs in on the future of MLSs

According to research done by Sonia Gilbukh, a real estate professor at Baruch College, there are some reasons to be concerned about the current number of real estate agents and the future of MLSs.

Lenders, it’s time to consider offering non-QM products

The non-QM market is making a comeback following a pause in 2020. As lenders rush to implement, Angel Oak is helping them adopt these new lending products.

Investments

Latest Fannie Mae payment to Treasury nearly evens out

CEO: Guarantee fee rise to continue

Fannie Mae’s third-quarter net income continued to lift higher and hit $8.7 billion, compared to $1.8 billion for the third quarter 2012, marking its seventh consecutive quarterly profit.  

By December 2013, Fannie will have paid an aggregate of approximately $114 billion in dividends to Treasury. It received $116 billion from taxpayers.

In addition, so far, Fannie Mae has funded the mortgage market with approximately $3.9 trillion in liquidity since 2009.

The strong earnings were driven primarily by continued stable revenues, credit related income due to an increase in home prices, recognition of compensatory fees from an agreement we reached with Bank of America and a decline in the number of delinquent loans in our single-family book business, Tim Mayopoulos, Fannie Mae president and CEO, said. 

Looking ahead, the government-sponsored enterprises are projected to undergo reform in five years, with various proposals on how to wind them down.  

In result, Mayopoulos explained guarantee fees are sufficient to cover its risks. However, g-fees have continued to rise to prepare the market for a scenario that is likely to happen, where GSEs will have to carry a higher level of capital to meet the requirements of the private sector, Fannie Mae CEO said.

“While the company expects its annual earnings to remain strong over the next few years, its earnings may vary significantly from quarter to quarter and year to year due to many different factors, such as changes in interest rates or home prices,” the company noted.

“We are not predicating that level of home prices to continue in the future, which might make our earnings moderate,” Mayopoulos added.

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3d rendering of a row of luxury townhouses along a street

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