TheMReport — News and strategies for the evolving mortgage marketplace.
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TH E M R EP O RT | 37 S E R V I C I N G A NA LY T I C S S E C O N DA R Y M A R K E T DEPARTMENT ORIGINATION O R I G I NAT I O N DEPARTMENTS SERVICING ORIGINATION ANALYTICS SECONDARY MARKET WHAT'S INSIDE? 38 Mortgage Originations Uptick Not Reflected in Bank Portfolios 39 Housing Industry's Nonbank Participation Highest in 20 Years 39 Purchase Mortgage Loan Activity Spiked By High- Credit Borrowers 40 First-Time Buyers Hindered by Down Payments 40 Mortgage Origination Shifts to Digital Channels 41 Mortgage Access Becoming More Prevalent Among Blacks & Hispanics 42 Millennial Homebuyers Constrained By Rising Home Prices & Tight Lending Standards 43 loanDepot Pulls IPO 44 Outreach Events Proving Successful at Connecting Servicers with Borrowers 46 Nationstar Settles "Force Placed Insurance" Suits 46 Ocwen Closes Servicing Advance Securitization Worth $600 Million 47 Ocwen Experiences Tough Q3 Punctuated by Layoffs and $66 Million Net Loss 50 Home Prices Continue to Climb Across Most Metros in Q3 51 Home Builder Confidence Stumbles in November 52 Mortgage Debt Still Weighing Heavy on Consumers 54 Home Sellers' Optimism Beats Urgency in Q3 54 Homeowner & Appraiser Value Gap Improves in October 55 Mortgage Market Health Uneven Across U.S. 56 Inexpensive Housing Options Scattered Across the Nation 58 Around the U.S. 60 Fannie Mae's Net Income Reaches $2 Billion in Q3 61 Fannie Mae & Freddie Mac CEOs Salaries Capped at $600,000 62 Fannie Mae Challenges Government's Definition of "Affordability" 62 Freddie Mac Posts Net Loss of $475 Million in Q3