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Volume 2014 - Number 14

April 10, 2014

Downloads Available: Trends in GSE MI-Insured Business - 1Q14

Downloads Available: Top Sellers of GSE Loans with Private MI - 1Q14


GSE Purchases of Loans With Private MI Dropped Sharply in Early 2014, Biggest Drop in HARP Pace

Fannie Mae and Freddie Mac securitized just $29.95 billion of single-family mortgages with private mortgage-insurance coverage during the first quarter of 2014, a 30.9 percent decline from the previous period, according to a new Inside Mortgage Finance analysis and ranking. The steepness of the private MI downturn was in line with the 29.1 percent downturn in overall business at the two government-sponsored enterprises from the fourth quarter of 2013. And the flow of private MI loans in early 2014 was down 40.2 percent from the first quarter of last year, a less severe drop than the 63.7 swoon in the overall GSE market over that period. The biggest decline in MI-insured business was in underwater mortgages that were refinanced while keeping their existing coverage under the Home Affordable Refinance Program...[Includes two data charts]

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