Special Purpose Credit Program Mortgages a Fraction of GSE Business April 18, 2024 Brandon Ivey FHFA’s report disclosed special purpose credit program activity at the GSEs based on loan count rather than dollar volume.Read More
Freddie Asks for Permission to Acquire Second Liens April 17, 2024 Dennis Hollier Because this would technically be a new product, it’s subject to FHFA approval and requires a 30-day public notice period.Read More
Better Works With Fannie to Remain Eligible to Sell Loans April 17, 2024 Paul Muolo Better couldn’t meet Fannie’s financial eligibility requirements due to a “decline in profitability and material decline in net worth.”Read More
GSE Conforming Jumbo Business Up in First Quarter April 16, 2024 James Dohnert The volume of conforming jumbos included in Fannie Mae and Freddie Mac MBS increased by 8.0% to $6.05 billion in the first quarter.Read More
Mixed Views Among Lenders on FHFA’s Title Pilot April 16, 2024 Dennis Hollier The MBA has concerns while the Community Home Lenders of America supports the effort.Read More
Short Takes: GSEs Hold Steady on Home Sale Commissions / Exams by States Increase / MFA Note Offering / Mr. Cooper Rated for Second-Lien Servicing April 16, 2024 Brandon Ivey The GSEs noted that if these fees to real estate agents continue to be customarily paid by the property seller according to local convention, they won't be subject to financing concessions limits.Read More
Servicing Portfolios Slowly Shift Toward Higher Interest Rates April 12, 2024 John Bancroft At the end of March, some 11.1% of agency single-family servicing had coupons over 6.0%, up from just 3.1% a year ago.Read More
GSE Deliveries Decline in First Quarter April 11, 2024 Dennis Hollier Larger lenders remain the most affected by the decline in sales.Read More
Refi Business With Primary MI Jumps in First Quarter April 10, 2024 Namrata Bhatia The share of refis with MI coverage in the agency MBS market grew from 10.3% in the fourth quarter of 2023 to 14.6% in the first quarter.Read More
Fannie and Freddie Loosen the Purse Strings on Loan Credit April 8, 2024 Paul Muolo Meanwhile, the share of the safest mortgages — in terms of underwriting characteristics — slipped to 11.26%...Read More
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