Treasury would be barred from selling or disposing of “any senior preferred shares, any interest in the warrants, any common shares acquired upon the exercise of the warrants, or any other equity interest that were acquired pursuant to the Senior Preferred Stock Purchase Agreement.”

Ginnie may require offenders to recalibrate their high-risk portfolio to more acceptable risk levels…

One advisor familiar with the situation called the hiring of Samples and a recent batch of layoffs at FGMC, “a clean sweep of the corporate suite.”

Industry consultant Joe Garrett: “Commissions to retail loan officers are still just about the biggest expense in the industry.”

MGIC said the origination of such loans accelerated last summer when Fannie Mae eased guidelines on loans with 45 percent and above DTI.

The authors note that 90 percent of Fannie/Freddie MBS trading occurs in the TBA forward market.

In total, 13.5 percent of the 2,000 women who were sent the survey responded.

Credit card issuers will probably have a good 2018, much like they did last year, but some dark clouds are beginning to appear on the horizon, according to a new report from DBRS.

Ginnie Mae is expanding its guidelines to clarify the amount of risk it considers acceptable for an issuer’s Ginnie mortgage servicing rights portfolio and what could happen if the issuer violates those standards. The move is part of the agency’s continuous monitoring of issuer activity and MSR portfolios to ensure they are not putting issuers, investors or the program at risk.

The severe hurricanes that tormented a handful of markets during late summer of 2017 continued to push FHA default rates higher in the fourth quarter, a new Inside FHA/VA Lending analysis reveals. The number of FHA loans paying on time fell from 92.8 percent at the end of September to 91.9 percent at the end of the fourth quarter. Most of the deterioration took place in the more severe default categories. The number of FHA loans 90 days past due more than doubled during the three-month period, climbing to a hefty 0.92 percent of outstanding loans. And the number of FHA loans more than three-payments late increased by 39.7 percent, reaching 1.01 percent of the total outstanding. Three jurisdictions that bore the brunt of hurricanes Harvey, Irma and Maria – Texas, Florida and Puerto Rico – saw huge increases in FHA defaults. Puerto Rico saw a devastating impact in rising ... [Charts]