Mortgage repurchases and indemnifications declined significantly in the fourth quarter of last year, according to a new Inside Mortgage Trends analysis of buyback disclosures filed by Fannie Mae and Freddie Mac. Lenders repurchased $230.4 million of single-family loans from mortgage-backed securities guaranteed by the two government-sponsored enterprises during the fourth quarter. That figure – which includes loans for which lenders indemnified ... [Includes two data charts]
A few years back, Pinto and AEI unveiled a new mortgage product called the Wealth Building Home Loan, which was intended to provide an affordable mortgage option for low- and middle-income borrowers.
Fannie Mae and Freddie Mac shareholders who are contesting the government’s net worth sweep may have few options left now that the Supreme Court of the United States has rejected their plea for appeal of lower court rulings that went against them.
Fannie Mae and Freddie Mac reduced their combined mortgage portfolios to $484.2 billion during the fourth quarter of 2017, according to an Inside MBS & ABS analysis.
Alternatives to traditional appraisals are attracting increasing interest among U.S. mortgage market participants, which would potentially weaken the credit quality of new residential MBS, according to rating service analysts.
Ginnie Mae is exploring the possibility of loan-level credit risk sharing with the private sector on FHA-insured loans securitized through the agency, according to a top Ginnie Mae official.