Agency single-family MBS production surged to $463.7 billion in the third quarter, the hottest market in nearly 11 years. But a handful of top players recorded declining sales to Fannie, Freddie and Ginnie platforms. (Includes two data charts.)
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Fannie and Freddie can keep more of what they earn thanks to a new Treasury/FHFA edict, but buying stock in the two companies remains a dicey proposition.
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Even though the Fifth Circuit Court of Appeals agreed that the structure of the FHFA is unconstitutional, GSE shareholders have petitioned for a Supreme Court review of their case.
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A Connecticut lender has accused a state regulator of forcing it out of business by adopting an aggressive interpretation of the LO licensing law.
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Witnesses at a House subcommittee hearing on the reverse mortgage program called for improved servicer oversight, mandatory loss mitigation for new HECMs and a new risk rating system.
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Based on reports from non-QM lenders Angel Oak and Citadel, the third quarter was a strong one for most originators. Meanwhile, the Ditech wind-down is almost over.
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