Seller repurchases of Fannie/Freddie loans rose 17% from the first to the second quarter, with 82% of them related to loans securitized in 2018 and 2019.

Data from the MBA performance study suggest that improved efficiency and strong originations were key to increased production income.

Eli Global, the owner of three active mortgage lenders, has a new name — Global Growth — and a new chairman — George Vandeman. Meanwhile, founder Greg Lindberg remains the sole owner of Eli.

"We're in active discussions with the FHFA about removing the net worth sweeps. That would allow a significant amount of capital to be accumulated," says Treasury Secretary Steven Mnuchin.  

When Congress passed the Tax Cuts and Jobs Act in December 2017, one of the major concerns was the impact it would have on the LIHTC program.

Low rates on Fannie debt may reflect a sagging world bond market, with some European bonds being issued at negative interest rates; to date, Freddie has sold $4 billion in reperforming loans through SLST deals.

Rep. Sean Duffy, a Tea Party Republican and a staunch supporter of Presi-dent Trump, has been a vocal advocate for GSE reform.

"The CFPB’s job is not to regulate market share in the secondary mortgage market,” says Adam Levitin.

The success of the mortgage giant’s settlement with creditors depended on its assertion that the sale of its assets was part of its reorganization plan rather than Chapter 11 proceedings.