New Disclosures Show that Fannie and Freddie Keep Adding Workers March 13, 2018 Paul Muolo Both companies have been solidly profitable since earlier in the decade…Read More
Fannie Ready to Dump Almost $2B of RPLs March 13, 2018 Paul Muolo The auction is being marketed in collaboration with Citigroup... Read More
KBW Issues Caution on New Freddie MI Pilot; Looks Like USMI Implored FHFA to Kill the Product? March 12, 2018 Paul Muolo The USMI fears the pilot “marks an unprecedented encroachment of Freddie Mac’s footprint into primary mortgage markets…”Read More
Short Takes: Amazon Wants to Enter the Mortgage Industry (Good Luck with That) / Who is Nick Clemente? / Risk and the GSEs / Essent’s Risk-Sharing Deal / A New Hire for Recovco March 12, 2018 Brandon Ivey and Paul Muolo From what we understand, the Amazon executive spearheading the effort is Nick Clemente...Read More
New York Fed Report Touts Benefits of Fannie And Freddie Credit-Risk Transfer Programs March 9, 2018 A new report from the Federal Reserve Bank of New York says the credit-risk transfer programs launched by Fannie Mae and Freddie Mac a few years ago have helped stabilize the mortgage securities market.Read More
Agency MBS Production Slumped in February March 9, 2018 John Bancroft Higher mortgage interest rates are squashing the refinance sector…Read More
What We’re Hearing: The Federal Reserve Worries (Big Time) About Nonbank Mortgage Firms / Junk Status / The DeMarco-Bright Plan Critiqued / Finally, a Sensible and Fair Proposal on GSE Reform / Layoffs at Guaranteed Rate March 9, 2018 Paul Muolo The Federal Reserve has a name for the credit quality of nonbanks: junk.Read More
‘Big Ticket’ Mortgage Lending Lost Market Share in 2017 March 8, 2018 John Bancroft An estimated $437.84 billion of home loans greater than the $424,100 benchmark agency limit were originated in 2017…Read More
GSE Investors Twisting in the Wind March 7, 2018 Paul Muolo The way things stand today, the only GSE class of stock worth anything is the senior preferred held by Treasury.Read More
Fannie Mae Keeping Tabs on the CFPB’s Ability-to-Pay Rule March 7, 2018 Paul Muolo Fannie Mae warns that changes could have a material effect on the “quality and quantity of loans available for sale to us.”Read More
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