National Mortgage News

13 hours ago | nationalmortgagenews.com | Bonnie Sinnock

Trade groups are responding to Congress' budget reconciliation and a housing regulator's call for innovative product ideas with reasons to tread lightly and potentially even roll back guarantee fees. G-fees or loan-level price adjustments that two influential government-sponsored enterprises charge when they buy mortgages from lenders have historically been among methods legislators have used to generate revenue and reduce deficits.

1 day ago | nationalmortgagenews.com | Brad Finkelstein

Mr. Cooper's first quarter net income was affected by a $82 million mark-to-market hit on its mortgage servicing portfolio driven by falling interest rates through the period. The average earnings per share estimate was $2.92, with a high of $3.24 and a low of $2.58, according to Yahoo Finance.

2 days ago | nationalmortgagenews.com | Andrew Martinez

Pennymac reported steady origination volume to begin the year but its profits took a hit with yet another negative one-time charge. The correspondent giant reported Tuesday $76.3 million net income in the first quarter and diluted earnings per share of $1.42. Those numbers were down from Standard & Poor's Capital IQ consensus estimates of $139 million net income and $2.64 diluted EPS, respectively.

2 days ago | nationalmortgagenews.com | Brad Finkelstein

Nearly 75% of Americans say homeownership is now out of reach for the average person but when it comes to who's responsible, opinions are deeply divided along generational lines. According to a new survey by Clever Real Estate, millennials were most often blamed for the housing crisis (31%), followed closely by baby boomers (27%). Those two generational buckets put the blame on each other; 35% of millennials selected boomers as the cause, with just 21% picking their own generation.

2 days ago | nationalmortgagenews.com | Bonnie Sinnock

The Supreme Court has declined to certify a petition for a writ of certiorari from a Florida resident that could have had implications for a landmark decision involving consumer rights in a Minnesota tax-debt foreclosure. Robert Turner's petition asking for a review of an 11th Circuit Court decision in his case could have had implications for interpretations of the earlier Minnesota lawsuit, Tyler v. Hennepin County, according to Bloomberg Law, which was the first to report on the development.