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What We’re Hearing: Cut in Half, Ellie Mae’s Share Price / 1H 2019: A Challenge / Walking the Floor of the MBA Show / A Bullish Outlook for Servicing, Non-QM Lending / If Stocks Tank Further, Good Things Might Happen / High on Chris George’s ‘To Do’ List:

October 26, 2018
Paul Muolo
But putting the negativity aside for a minute, there are a couple of bright spots in the industry: Servicing valuations and non-QM lending...
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Incenter Announces Large MSR Auction

October 26, 2018
Paul Muolo
Loans from California account for the largest chunk of receivables at 18.3 percent...
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Freddie’s Layton: CRTs Transforming Housing-Finance System

October 26, 2018
Carisa Chappell
Freddie CEO Don Layton: Some 90 percent of the credit risk on multifamily mortgages is being transferred…
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A Coming Sea Change? CFPB Considers Disparate-Impact Rulemaking

October 26, 2018
Yemeng Yang
If the CFPB issues a rule on disparate impact, there could be far-reaching implications, said Andrea Mitchell, a partner at Buckley Sandler…
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Commercial Mortgage Securitizations Slowed in 3Q18 but MF Surged

October 26, 2018
John Bancroft
Thanks to Fannie Mae and Freddie Mac, multifamily securitizations surged 44.7 percent…
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Government Wants Court to Reconsider Recent Shareholder ‘Win’ in Breach of Good Faith Claim

October 26, 2018
The Federal Housing Finance Agency, Fannie Mae and Freddie Mac are questioning the logic behind a recent federal court ruling that appears to give investors in the government-sponsored enterprises’ stock a glimmer of hope in their legal battles with the federal government.
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A Possible Problem for Ginnie: What if Fannie/Freddie MBS Get an Explicit Guarantee from Uncle Sam?

October 26, 2018
Although legislative reform of Fannie Mae and Freddie Mac is dead for now, Ginnie Mae supporters continue to worry about what might happen to agency MBS spreads if the government-sponsored enterprises get an explicit guarantee on their MBS.
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Commercial Mortgage Securitization Slowed in Third Quarter, But Gains Posted in Some Sectors

October 26, 2018
Issuance of new securities backed by commercial mortgages fell 4.9 percent from the second to the third quarter of 2018, according to a new Inside MBS & ABS market analysis. [Includes one data chart.]
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A Sure Bet for the New FHFA Director: No More Fannie/Freddie Pilot Programs?

October 25, 2018
As the White House continues looking for the right candidate to head the Federal Housing Finance Agency, industry trade group officials and stakeholders have come to the conclusion that the days of new “pilot” programs for Fannie Mae and Freddie Mac may be over.
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Short Takes: HUD Chief on GSE Reform / Carson’s Sober Take on Interest Rates / New Rez’s MSR Bet Paying Off? / In Love with a 4 Percent Mortgage / Incenter Executive Leaves for Blue Water

October 25, 2018
Paul Muolo
HUD Secretary Ben Carson had some sobering thoughts about low interest rates...
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Latest Imf News

  • Interest Rates on Mortgages Still Rising

  • GSEs Extend Deadline for Adoption of Uniform Appraisal Dataset Revision

  • Banks Reduce Holdings of Residential MBS in Trading Accounts

  • Insurance Affiliate to Buy Majority Stake in Invictus

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  • Ginnie MBS Issuance Down in August as Refi Slide Continues

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