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FHFA Goes Public With GSE Valuation Data

November 4, 2022
Dennis Hollier
FHFA is betting the formerly proprietary appraisal data of Fannie and Freddie can help reduce bias in the marketplace.
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G-Fee Hikes May be Needed to Replace LLPA Revenue

November 4, 2022
Dennis Hollier
By some estimates, the enterprises will have to increase guarantee fees by about 3 basis points to offset the lost revenue from FHFA's targeted elimination of LLPAs.
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FHFA's Review of the FHLBanks Gets into Gear

November 4, 2022
Dennis Hollier
While the FHLBanks tout the utility of the system’s status quo, small independent mortgage bankers push a change that would give nonbanks access to FHLB credit without FHLB membership.
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Geographic Diversification Limits Impact of Ian on Fannie Mae

November 4, 2022
Dennis Hollier
None of Fannie's multifamily CRT transactions has an exposure to storm damage exceeding 1% of UPB.
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Effective Prefunding Reviews Strengthen Quality Control

November 4, 2022
Dennis Hollier
Prefunding reviews allow the lender to identify defects while the loan is being manufactured, potentially avoiding costly repurchases.
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Freddie Integrates New Cash Flow Data Into LPA

November 4, 2022
Dennis Hollier
Automated payroll deposits and timely payment of utilities and cell phone bills are about to enter the mortgage underwriting process.
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Freddie Prices Second SLST Deal of 2022

November 4, 2022
Dennis Hollier
Freddie's latest NPL deal includes both guaranteed and unguaranteed tranches.
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Agency MBS Issuance Still Searching for a Bottom, October Volume Down 19%

November 4, 2022
John Bancroft
The top agency issuers in October: UWM, PennyMac and Rocket Mortgage...
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MSRs Aid UWM’s 3Q Results but GOS Falls to 52 BPs and May Drop Further

November 4, 2022
Paul Muolo
Even though UWM grew originations in 3Q, loan production income fell to $172.4 million...
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Red Ink for Rocket Mortgage in 3Q22, GOS Falls to 269 BPs

November 4, 2022
Paul Muolo

Rocket's gain-on-sale margin slipped to 269 basis points in the third quarter from 292 bps in 2Q22...


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