Items Tagged with 'mortgage market'

ARTICLES

  • Former Freddie Mac CEO Donald Layton: Trump's Treasury says GSE reform has "mostly happened"

    Layton reveals conversation with unnamed senior Treasury official
    Donald Layton, who stepped down as the CEO of Freddie Mac a month ago, is providing some insight into the Trump administration’s view on GSE reform from his new perch at Harvard University’s Joint Center for Housing Studies. Layton reveals a conversation he had in a meeting with an unnamed senior official in the U.S. Treasury who told him: “GSE reform has already mostly happened.”
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  • Fannie Mae: One-third of homebuyers didn’t shop around for a mortgage

    Borrowers are “leaving money on the table,” Fannie’s Duncan says
    More than a third of 2018 homebuyers say they did not shop around before selecting their mortgage lender, according to Doug Duncan, chief economist of Fannie Mae. “By not shopping around to give themselves leverage when negotiating their mortgage, some homebuyers are leaving money on the table,” Duncan said.
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  • MBA: Commercial mortgage originations fall short in Q1

    Mortgage originations rise 12% on an annual basis, but drop 34% from Q4
    Although multifamily mortgage originations rose 12% year over year in Q1, they retreated 34% from the previous quarter, according to the Mortgage Bankers Association. Jamie Woodwell, MBA’s vice president of commercial real estate research, said first quarter volumes were higher for nearly every property type, and double-digit growth in loan volume for Fannie and Freddie led the increase among capital sources.
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  • Joel Kan: 3% to 4% growth predicted for the purchase market

    Refinance market still slated to struggle
    The purchase market is due for a rebound, according to Joel Kan, MBA associate VP of industry surveys and forecasts. Kan told members of the audience in a Q&A session at MBA Annual that current macroeconomic trends should create a swell for the purchase market – good news for the flagging mortgage market.
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  • Fannie Mae approval of SoFi as servicer, seller signals future growth

    'Will enable us to serve more members'
    Although SoFi only recently ventured into the mortgage industry from the world of student loans where it got its start, it's not taking long to catch up and compete. SoFi further cemented its place in the mortgage market by announcing that Fannie Mae approved its wholly owned subsidiary SoFi Lending Corp. as a seller and servicer.
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  • MERS and ICE in talks to merge

    Steps into $9.4 trillion mortgage market
    Intercontinental Exchange, which is best known for energy trading, could possibly be stepping into the mortgage market. The company is currently in negotiations to form a partnership with Mortgage Electronic Registration Systems.
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