Ginnie Mae will be ramping up its efforts over the next three years to ensure issuer liquidity by expanding the supply of stable capital to support mortgage servicing rights and to strengthen oversight of counterparty risk.
A healthy share of new primary market mortgage originations were delivered into mortgage securities during the first quarter of 2018, a new Inside MBS & ABS analysis reveals, although Fannie Mae and Freddie Mac appeared to be losing some share. [Includes one data chart.]
As the Federal Reserve slowly unwinds its agency MBS holdings, economists forecast there are more disposals to come and without much market disruption.
The Trump administration late this week published its thoughts on ending the conservatorships of Fannie Mae and Freddie Mac, aiming to reduce their role in the housing-finance market – while providing an explicit U.S. guarantee on conventional MBS.
MBS guarantee fees currently charged by Fannie Mae and Freddie Mac are at levels sufficient to meet capital requirements recently proposed by the Federal Housing Finance Agency, according to industry analysts. The proposal could also bring attention to cross-subsidization in g-fee pricing, especially under a new FHFA director.
Depository institutions continued to pull back from the business of servicing home loans for other investors during the first quarter of 2018, but the rate of withdrawal appeared to slow, according to a new Inside Mortgage Finance ranking and analysis. [Includes two data charts.]
Lawsuits brought by cities with allegations of violations of the Fair Housing Act (FHAct) by lenders are continuing after a decision by the U.S. Supreme Court with a mixed message for lenders.
Trade groups representing mortgage servicers asked the Federal Communications Commission to issue interpretations of the Telephone Consumer Protection Act that will help them contact borrowers.
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