The president is getting more assertive in using the GSEs to achieve political and policy objectives, according to Jaret Seiberg, an analyst at TD Cowen Washington Research Group.
Frank Cassidy backed the agency’s decision to hold its mortgage insurance premiums steady despite calls from the industry to trim premiums in the name of affordability.
Banks are mixed on what they plan to do in the near term with the increased capital flexibility expected to be offered by the upcoming Basel III capital framework.
Democrats, if they gain majority in Congress, could focus on impeachment instead of new housing legislation, according to Mark McArdle, a senior vice president at Newrez.
Growth in servicing with Ginnie Mae continues to outpace Fannie Mae and Freddie Mac. Most of the top-10 agency servicers increased their portfolios during the third quarter, though not Rocket Mortgage. (Includes two data tables.)