In New Book, Former FHFA Chief Takes a Few Shots at Nonbanks March 22, 2023 Dennis Hollier Calabria, an economist by training, also shows little sympathy for nonbank mortgage servicers.Read More
Short Takes: An Explanation From Freddie? / A Tale of Two Credit Losses / Cloud Lifting? / Applications Suffer / loanDepot Insiders Keep Selling February 22, 2023 Paul Muolo The latest seller of loanDepot stock: Managing Director Dan Binowitz...Read More
Freddie QC Chief: Mortgage Defect Rates Remain Elevated February 6, 2023 Dennis Hollier The Fannie official began his presentation with the top 10 defects discovered by his QC team...Read More
MBA Chief Broeksmit: LLPA Grids are Complicated, Complex February 3, 2023 Dennis Hollier The new pricing grids from FHFA boast 216 "cells"...Read More
Large Banks Show Gains on GSE Servicing January 23, 2023 Dennis Hollier Much of the shift in 4Q22 occurred at large banks...Read More
Short Takes: New LLPA Changes From the GSEs / For Example… / A Decline in This Charge / Former Freddie Exec Promoted January 19, 2023 Paul Muolo The FHFA said Fannie and Freddie are reducing the upfront fee for comingled securities to 9.375 bps.Read More
Grapevine: FHFA Zeros In on MSR Values / The IPO Dream January 19, 2023 Paul Muolo The regulator of Fannie and Freddie wants the enterprises to pay close attention to the asset values their customers are placing on their MSR portfolios. Meanwhile, the mortgage company IPO market is dead. Right?Read More
GSE Loan Purchases Head South, 4Q Volume at Just $159 Billion January 10, 2023 Dennis Hollier Among nonbanks, the larger shops saw their slice of the pie grow by two percentage points.Read More
A New Reality for GSE Loans: Better FICOs, Lower LTVS January 9, 2023 Andras Malatinszky Notable: Roughly 9.9% of all purchase loans were in the under-60% LTV range, a 289-bps increase since the first quarter.Read More
Fannie and Freddie Weigh In on Florida Property Insurance Mess December 20, 2022 Dennis Hollier The Temporary Market Stabilization Agreement is intended to bolster Florida’s property insurance system, but has created widespread confusion...Read More