Freddie Prices Two Multifamily MBS. This week Freddie Mac priced an offering of Structured Pass-Through Certificates backed exclusively by fixed-rate multifamily mortgages with seven- and 10-year terms on seniors housing properties. The company offered approximately $841 million in K Certificates. This is Freddie Mac's third K Certificate offering backed exclusively by seniors housing collateral. Also, this week Freddie announced the pricing of the SB4 offering, a multifamily mortgage-backed securitization backed by small-balance loans underwritten by the GSE and issued by a third-party trust. The company expects to guarantee more than $172 million in SB4 Certificates. Former Fannie Attorney Joins Law Firm. Christopher Bell, a real estate attorney whose experience includes more than...

Although overall MBS volume was down, lenders delivered a healthy $115.16 billion of purchase-money mortgages to the GSEs during the third quarter.

Although the TRID bill passed by a huge margin and with bi-partisan support, President Obama is threatening a veto.

“The issues that have impeded the regulators’ ability to conduct electronic examinations must be rectified, and when resolved, will enable a more efficient and timely regulatory process,” said Karyn Tierney, chair of the MMC.

The new remedies framework includes more transparency about the factors a GSE will weigh in determining whether a defect is significant.

Meanwhile, PHH's partner, Realogy, this week said it intends to raise $1.15 billion through the sale of senior notes.

Fear and loathing over marketing service agreements heats up. Kickbacks?

Fannie Mae and Freddie Mac saw a modest decline in the flow of home loans into their mortgage-backed securities programs during the third quarter of 2015, according to a new analysis and ranking by Inside Mortgage Finance. The two government-sponsored enterprises issued a total of $223.47 billion of single-family MBS during the third quarter, a 3.8 percent decline from the previous quarter. Freddie had a slightly larger downturn (4.1 percent) than Fannie (3.6 percent). Although overall MBS volume was down, lenders delivered...[Includes three data tables]

Some mortgage lenders and their vendor partners scrambled until late in the night this past Friday to get all their ducks in a row for the Saturday effective date of the Consumer Financial Protection Bureau’s integrated disclosure rule. Many in the industry were relieved when the CFPB and other federal regulators issued last-minute guidance affirming that they will recognize the good-faith efforts of the mortgage industry to comply with the new rule. “During initial examinations for compliance with the rule, the agencies’ examiners will evaluate...

Over the past few months, the chief executive officers at two publicly traded mortgage firms and a private cooperative have departed, creating uncertainty in the market while underscoring what might seem obvious to some: It’s not easy running a mortgage business these days. CEOs heading for the exits – either on their own accord or via a management edict – include Jim Cutillo of Stonegate, Jeff McGuiness at the Lenders One Cooperative, and most recently Mark O’Brien, who headed nonbank lender/servicer Walter Investment Management Corp. And rounding out the “departure club” is...