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GSE-Eligible Loans in Non-Agency MBS Seen as More Risky…

May 2, 2018
Brandon Ivey
Due to temporary standards established by the CFPB, mortgages eligible for sale to the GSEs are treated as qualified mortgages even if they have higher debt-to-income ratios that would otherwise make them non-QMs…
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Impac’s Two $6M Men Got Their Pay Slashed in 2017

May 2, 2018
Paul Muolo
Impac has yet to disclose when it might release first quarter results.
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Freddie Posts Strong 1Q18 Profit Thanks to G-Fee Income, Gains from Derivatives (and No More DTA Hits)

May 1, 2018
Paul Muolo
In the first quarter of 2018, Freddie issued $63.9 billion of single-family MBS, a 37.2 percent sequential drop...
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The GSE Reform Bust Blues: Worrying About Mel Watt’s (Potential) Successor at the FHFA

May 1, 2018
Paul Muolo
There’s been speculation that when the Trump administration picks Watt’s successor, one of the first things that person might do is impose a loan-size purchase limit on the two government-sponsored enterprises.
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The Nonbank Share of GSE Servicing Now Stands at 37.5 Percent – and Growing

May 1, 2018
John Bancroft
Matrix Financial Services is another nonbank rapidly climbing the GSE servicing ranks…
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Freddie CEO Don Layton Weighs in on IMAGIN Pilot Program

May 1, 2018
Carisa Chappell
Early on, research firm B. Riley FBR described IMAGIN as “an offshore structure [that] could enable a lower price.”
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Consumer Mortgage Complaints Take a Dive

May 1, 2018
Yemeng Yang
Total gripes filed during 1Q18 were down 36.3 percent from a year ago…
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Freddie Posts Strong 1Q18 Profit Thanks to G-Fee Income, Gains from Derivatives (and No More DTA Hits)

May 1, 2018
Paul Muolo
Even though the GSE posted a strong profit, it saw MBS issuance fall 37.2 percent in the first quarter...
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Short Takes: Freddie Mac Multifamily Continues to Shine, but… / UWM Rolls Out New Website / Seed Money / Nationstar Looking at a Large MSR Markup? / Mulvaney: I’m Not Running a Yelp / New Hires for Freddie, Angel Oak

May 1, 2018
Paul Muolo and Yemeng Yang
Not too long ago, UWM rolled out a $500,000 grant program designed to allow LOs to start their own loan brokerage firms...
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Agency Servicing Transfers Slowed in Early 2018

April 30, 2018
John Bancroft
In 1Q18, the top three coissuance sellers of servicing rights were Fairway Independent Mortgage, Finance of America, and Movement Mortgage.
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