Jacob Gaffney

Jacob Gaffney

Jacob Gaffney is the Editor-in-Chief of HousingWire and HousingWire.com. He previously covered securitization for Reuters and Source Media in London before returning to the United States in 2009. While in Europe for nearly a decade, he covered bank loans and the high yield market, in addition to commercial paper, student loan, auto and credit card space(s). At HousingWire, he began focusing his journalism on all aspects of the housing and mortgage markets.

ARTICLES

  • Fannie Mae CEO: We will return to profit in 2018

    "We are a b2b business, we’re not a b2c business."
    “We had a solid quarter in that our business performance was excellent,” Timothy Mayopoulos told HousingWire by phone. “The quarter’s earning are not a reflection of our underlying business. We will also benefit from the lower corporate tax rate.”
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  • Fannie Mae earnings show 4Q net loss of $6.5 billion

    Expected to ask Treasury for funds to reduce deficit
    Fannie Mae reported a net loss of $6.5 billion and comprehensive loss of $6.7 billion for fourth quarter 2017. The company also added it expects to request an expected billion-dollar provision from the Treasury to eliminate its net worth deficit.
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  • ServiceLink lures auction talent from RealtyBid

    Welcomes Calier “CJ” Russell
    In his new role, Russell will be responsible for internal operations as well overseeing ServiceLink Auction’s growing market share by supporting the company’s clients in their loss mitigation and disposition strategies, the company said in a statement.
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  • Black Knight nets $111M in profit on new tax code

    "Another successful year for Black Knight"
    Mortgage analytics and software provider Black Knight announced its results for both the fourth quarter of 2017 and for the full year. The company reports revenues for the fourth quarter of 2017 increased 2% to $267.5 million from $261.5 million in the prior year quarter.
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  • Safeguard launches photo app at MBA Servicing

    Field servicers get video backup
    The new application will introduce panoramic photos, video and audio to the field services industry, according to an advance statement released to HousingWire. The Photo Direct options should provide servicers with fuller property-condition views to better assess property damage and validate bids for repair work.
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  • Expert warns latest Ginnie Mae regs aren't improving FHA and VA pricing as intended

    Questions remains exactly why this is happening
    Brent Nyitray, director of capital markets for iServe Residential Lending, said in an email today that loan officers are taking note of “lousy” pricing for FHA and VAs higher up in the rate stack. But, Ginnie Mae just issued new regulations to prevent serial refinances. Why isn't it leading to higher demand?
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  • Jamie Dimon: Chase will soon offer digital mortgages on smartphones

    All credit extended is "super-prime"
    Speaking to CNBC, Jamie Dimon said the bank plans to offer an all-digital mortgage to its customers this year. Dimon added that consumers are “in very good shape,” adding that all the credit “extended in the United States,” is super-prime quality, and that includes mortgages. Click here to watch the full interview.
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