The key to implementing non-QM products

With the refi boom falling off and the margin compression happening to lenders nationwide, lenders are looking at non-QM to help fill in those gaps. Learn how to implement non-QM products here!

RealTrends 2021 Team Profitability Study

Brokerage firms have often speculated about how well teams perform from a profit and loss point of view, as well as how productive they are. In this research study, RealTrends answers these two big questions.

Proven Strategies for Accelerating eMortgage Adoption with Freddie Mac and Better

This webinar will cover how the industry is working to overcome challenges lenders experience in adopting eClosings. You’ll hear from industry leaders at Snapdocs, Freddie Mac and Better Mortgage. Register now!

Logan Mohtashami on existing home sales, mortgage rates

Today’s HousingWire Daily begins the Rundown miniseries where HousingWire’s Editor-in-Chief Sarah Wheeler and Lead Analyst Logan Mohtashami will talking about housing and economics every Monday.

Investments

Freddie Mac keeps growing, up 5% just this year

$1.7 billion in comprehensive income in 4Q

Freddie Mac may be in conservatorship, but Wednesday's earnings shows it’s actually in growth mode.

The nation’s major mortgage financier reports a “robust 5% total guarantee book growth, year over year — Single-Family grew 4% and Multifamily grew 14%.”

Additional the, underlying credit quality remains strong — single-family serious delinquency rate declined to 0.67%, while multifamily delinquency rate continues near zero at 0.03%.

Solid business revenues, strong credit quality, lower market-related volatility, and continued guarantee portfolio growth delivered $1.7 billion of comprehensive income, up 13% from the prior quarter, the company said.

The GSE's market-related impact was near zero, compared to a $0.6 billion loss in the prior quarter.

Additionally, the GSE expects to deliver a $1.7 billion dividend to the U.S. Treasury by June 2019; increasing its cumulative payments to date to a total to $118 billion.

The GSE said that its return on conservatorship capital improved to 12.7% based on higher earnings and lower conservatorship capital compared to the prior quarter.

Most Popular Articles

Guaranteed Rate’s Shant Banosian clears $2B in originations in 2021

Guaranteed Rate’s Shant Banosian has topped his record-setting 2020 in a big way: year-to-date, the LO has funded a whopping $2 billion in total origination volume, the lender announced on Tuesday.

Nov 23, 2021 By
3d rendering of a row of luxury townhouses along a street

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