The Key to the (Prime) Non-Agency MBS Market: Commercial Banks July 31, 2018 Brandon Ivey The participation of banks other than Chase and First Republic marks a significant shift in the prime non-agency MBS market.Read More
USDA to Charge Lenders ‘Tech Fee’ for Use of AU System July 31, 2018 George Brooks HUD has been trying unsuccessfully to obtain authority from Congress to charge a similar fee to modernize its aging information technology systems…Read More
Another Strong Profit for Freddie Mac: $2.4 Billion; A $1.6B Dividend Payment is Expected July 31, 2018 Paul Muolo Once the $1.6 billion is upstreamed to Treasury, Freddie will have an account surplus of $42.4 billion...Read More
Nonbank Capital Becoming Increasingly Important, but IPO Market Still Weak July 31, 2018 Paul Muolo In the world of finance, it’s not where you’ve been – but where you’re going.Read More
Short Takes: The $600,000 Man / Freddie CEO Layton Says He Thinks About Leaving … And Staying / More CRTs on the Way? / FHFA Extends Capital Comment Period / A New Hire for MGIC July 31, 2018 Carisa Chappell and Paul Muolo Layton said Freddie is exploring the use of additional credit risk transfers...Read More
FHA/VA Serious Default Rates Down in 2Q18 July 30, 2018 John Bancroft FHA officials are worried about rising concentrations of higher-risk loan characteristics…Read More
Certain Industry Factions Concerned About Growing GSE Footprint in Multifamily July 30, 2018 Carisa Chappell Fannie and Freddie have increased their market share in multifamily to 60 percent compared to 52 percent two years ago, according to former Obama administration official Michael Stegman…Read More
Neuberger Berman Enters Non-QM MBS Market with a $485.5 Million Deal July 30, 2018 Brandon Ivey Impac was a major contributor to the non-QM MBS with a 59.6 percent share…Read More
Buck Up, Nonbanks. The FHLB Chicago is on Your Side July 30, 2018 Paul Muolo REITs exploited the captive loophole earlier in the decade, gaining access to low-cost FHLBank advances.Read More
Speculation Mounts: Will Watt Step Down Early from the FHFA? July 30, 2018 Paul Muolo EEO investigations, according to one observer, must be completed within 180 days.Read More
RSS