Data and information management

Fannie Mae and Freddie Mac are turning into cash machines. But who will get that cash?

The Mortgage Bankers Association reported that all FHA loans—FRMs and ARMs alike—had a delinquency rate of 11.14% at Sept. 30 compared to 11.89% in June and 12.09% a year ago.

Overall, consumers gave the industry an average score of 761 (on a 1,000-point scale) in 2012, up from 747 in 2011.

Origination volumes declined 7% from a year earlier and 17% from the second quarter.

There is not a set time frame for the specified pool data to go live, but it has been approved and will be moving forward.

Unless there is a recession the nation could see a mini-boom in new home construction as housing inventory falls.

Nationwide, new applications rose 12.6% on a sequential basis. During the first week of the hurricane business fell 5%.

The Treasury Department reported that servicers completed 47,100 Home Affordable Modification Program restructurings in the third quarter, down slightly from 49,950 in 2Q.

Total losses in 3Q came to $490 million, up 6% from 3Q11, but down 11% from 2Q12.

Among this exclusive group, U.S. Bank was the stand out in terms of growth, increasing fundings by 142% over the past 12 months.

Walter Investment Management posted strong servicing results in the third quarter while revealing that it will take control of $50.4 billion of Fannie Mae mortgage servicing rights when the Residential Capital Corp. deal closes.

PennyMac is beginning to make a name for itself as a top ranked buyer of mortgages, including jumbos.

Despite the increase, LPS believes the overall trend is one of improved delinquencies, noting that late payments are still down 30% from January 2010.

Freddie Mac chief economist Frank Nothaft attributed the mixed-rate movements to a recent above-consensus employment report, and an upward revision in the prior two months of jobs data.

In its third quarter release PHH said it believes that retail production consistently delivers “high quality” loans.

Zillow CEO Spencer Rascoff said the company is focusing on a strategy of “building home-related marketplaces.”

Mortgage lead generation revenue grew by 27% over the third quarter of last year.

Surprises in the latest prepayment numbers include a notable surge in loans eligible for the Home Affordable Refinance Program.

Despite the lack of any big acquisitions, Nationstar's servicing portfolio grew slightly, to $198 billion in serviced loans, on the back of increased originations and two GSE portfolio acquisitions.

Bond prices are improving due to the federal government purchasing mortgage-backed securities, which keeps interest rates low.