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
Short Takes: Gary Cohn’s Resignation and the GSEs / Don’t Assume Anything / Fannie Mae’s ‘10 Percent Moment’ / Okay, Now’s the Time / SolomonEdwards Names Ranieri to its Board March 7, 2018 Paul Muolo GSE shareholder rights group Investor Unite was quick to pounce on the Pollock blog...Read More
New York Fed Suggests a Few Improvements to the GSE CRT Programs March 6, 2018 Carisa Chappell The New York Fed argues that CRTs have reduced the GSEs’ exposure to mortgage credit risk without disrupting the stability of the secondary mortgage market…Read More
GSE Loan Buybacks Fell Sharply in 4Q17, Second Lowest Reading Ever March 5, 2018 John Bancroft Wells Fargo led the pack in GSE buyback activity for the fourth quarter…Read More
FHFA Inspector General Worries About Potential MI Risks March 5, 2018 Carisa Chappell The FHFA Inspector General worries that relying on a small number of counterparties increases the GSEs’ risk exposure…Read More
The Seasonal Downturn Strikes: GSE Production Declined in February March 5, 2018 John Bancroft Business levels at the two were not the same: Fannie MBS issuance was down 14.1 percent from January, while Freddie production was up 0.5 percent… Read More
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