Pennymac outlined what it considers key priorities for a healthy housing market as the Trump administration weighs possible near-term reforms to the government-sponsored enterprises. “The potential for structural action at the GSEs is more elevated now than at any point since the conservatorships began in 2008,” Pennymac’s public policy and government affairs experts wrote in […]
What Pennymac wants prioritized in GSE reform Read More »
Fannie Mae’s latest economic and housing outlook reflects more positive expectations. The government-sponsored entity notably lowered its mortgage rate expectations for the end of the year to 6.3% from 6.4% in its previous outlook, while its 2026 fourth quarter forecast remained the same at 5.9%. A quarter-over-quarter drop to 6.3% from 6.6% would mark the
Mortgage rates, home prices improve in Fannie Mae forecast Read More »
If federal regulators were to reduce or do away with loan level pricing adjustments at the government-sponsored enterprises, the effect on borrowers would be modest, but it would reduce earnings at Fannie Mae and Freddie Mac, a Keefe, Bruyette & Woods analysis found. Lower return on equity could put a crimp in privatization plans as
KBW says loan level pricing cuts could hurt GSE earnings Read More »
Fannie Mae Senior Vice President Jake Williamson will fill in as the single-family division’s chief and Tom Klein will temporarily take on general counsel responsibilities as those who previously held the positions depart. Executive Vice President Malloy Evans’ departure from the single-family post and Danielle McCoy’s exit as general counsel follow other changes at the
Fannie Mae names Jake Williamson acting single-family head Read More »
After another money-losing quarter for Primelending, Hilltop Holding’s mortgage subsidiary through Plainscapital Bank, company management was cautiously optimistic about the future. In the third quarter, the mortgage business lost $7.2 million on a pretax basis. While it did turn a pretax profit of $3.2 million in the second quarter, in the three prior periods, Primelending
Primelending management cautiously optimistic about 2026 Read More »
Mortgage performance remained strong in September despite Federal Housing Administration loans driving up total foreclosures, according to new industry data. Overall foreclosure volume remained historically low, with foreclosure sales reaching 21,000 in the third quarter this year, roughly half of 2019’s pre-pandemic levels, according to a report from ICE Mortgage Technology. FHA loans accounted for
FHA foreclosures drag down strong mortgage performance Read More »
Waterstone Financial’s mortgage banking business recorded much higher net and pretax income in the third quarter compared to performance one year prior, even as the company produced 3.5% fewer loans. The company, in both its mortgage banking and community banking segments, was able to sustain its improved performance for the year during the quarter, said
Waterstone Mortgage profits surge even as loans fall Read More »
The National Consumer Reporting Association (NCRA) must respond to comments made by Christopher Whalen in a Loan Think piece, Why credit score politics have nothing to do with lending (Oct. 14, 2025). NCRA’s credit report resellers play a critical role in the home loan process, opening doors for consumers to housing. Consumers and others must
NCRA responds to Loan Think column on credit scores Read More »
Fannie Mae Chief Operating Officer Peter Akwaboah has added the acting CEO title following the departure of Priscilla Almodovar, the company announced late Wednesday afternoon. Akwaboah, a former Morgan Stanley executive, came on board at Fannie in February 2024. In addition, John Roscoe and Brandon Hamara have been named as co-presidents of the government-sponsored enterprise.
Fannie Mae names Akwaboah acting CEO, replacing Almodovar Read More »
Pennymac’s financial services unit built profits as it produced consistent consecutive-quarter loan volume and reduced servicing valuation-related losses in a market with lower rates, but it fell short of some consensus expectations. The $181.5 million in net income recorded under generally-accepted accounting principles topped the previous quarter’s $136.5 million and $69.4 million a year earlier,
Pennymac financial services unit improves profitability Read More »