A new Federal Housing Finance Agency inspector general report highlights some potential risks in Freddie Mac’s Integrated Mortgage Insurance, or IMAGIN, program. Although it discusses some of the criticism leveled at the program, the IG report doesn’t take sides.

Wedbush estimates that originations will fall by 8.0 percent this year…

Annaly may use the proceeds to fund additional acquisitions of mortgage servicing rights…

One lender confessed: “I think we’ve been too accepting of credit problems and we are going to start pulling back now…”

The selling institution is described as a mortgage banking firm with a west coast concentration...

The nonprofit exchange must pay for any “property” associated with CSS…

Both these MSR portfolios have low note rates…

"As a result, at this time I’m receiving a larger volume of calls from execs seeking to explore outside opportunities.” - Rick Glass

House Financial Services Committee Chairman Jeb Hensarling, R-TX, unveiled long-awaited legislation on government-sponsored enterprise reform that would enhance Ginnie Mae’s role in the secondary mortgage market. Hensarling referred to the bill – the Bipartisan Housing Reform Act of 2018 – as a “bipartisan compromise housing-reform plan” that preserves the government guarantee in the secondary mortgage market. The chairman collaborated with Rep. John Delaney, D-MD, in crafting the bill, which calls for the repeal of the federal charters of Fannie Mae and Freddie Mac. The bill would shift the secondary market to a system that allows pooling of qualified conventional mortgages backed by government-approved private guarantors with regulated capital. These loans could be pooled in mortgage-backed securities with explicit government guarantees provided by Ginnie. The new MBS program would be ...

Fannie Mae and Freddie Mac pose more risk to the housing finance system today than they did a decade ago, according to some witnesses at a House Financial Services Committee hearing this week.