But the gain was largely attributable to one bank – Wells Fargo – which acquired an agency servicing portfolio of about $51.0 billion from Seneca Mortgage…

Eventually, loanDepot's investors will want to cash out...

Ginnie’s Dec. 7 memo to issuers outlines the new pooling changes, along with additional measures…

The statute requires the GSEs to serve three specific underserved markets: manufactured housing, affordable housing preservation, and rural housing by increasing secondary market liquidity...

The MSR package is dominated by California product…

The housing industry had warned that extending the requirement would “lock” younger borrowers into their first homes for longer periods of time…

Freddie Mac decided to dip its toes into the single- family rental market with a $161 million transaction with CoreVest Finance. The securities are backed by affordable single-family rental properties targeting low-income and working families. The SR01 certificates include 59 loans originated primarily by CoreVest. Freddie has been exploring the growing SFR market for the better part of the year. While Fannie Mae received some backlash for its one large $1 billion transaction earlier this year with Invitation Homes, Freddie’s focus was on the affordable housing market. Most of the 2,355 properties included in this transaction (94 percent) are affordable to families earning less than 100 percent of the area median income.

Freddie Mac continued to expand its share of the GSE single-family business in November, following a strong showing the previous month, according to a new Inside The GSEs analysis of mortgage-backed securities data. The two GSEs guaranteed $79.09 billion in new single-family MBS last month, an unexpected 4.5 percent increase from October’s production. Freddie posted the biggest increase, 7.4 percent for the month, while Fannie issuance in November was up a more modest 2.0 percent. That pushed Freddie’s share of the GSE single-family MBS business to 47.0 percent, up from 45.7 percent in October, matching the company’s biggest market share since July 2015. Through the first nine months of 2017, Freddie managed to garner...

Fannie Mae and Freddie Mac would be barred from making contributions to the Housing Trust Fund if Federal Housing Finance Agency Director Mel Watt decides to forgo sending dividend payments to the Treasury under a bill approved this week by the House Financial Services Committee. The GSE Jumpstart Reauthorization Act of 2017 (H.R. 4560) would also extend an existing prohibition on the Treasury Department from selling its shares in the GSEs without congressional approval. That ban, currently due to sunset at the end of this month, would be extended to Dec. 31, 2018.The bill, introduced on Dec. 6 by Rep. French Hill, R-AR, would suspend Fannie Mae and Freddie Mac...

Resolving the Fannie Mae and Freddie Mac conservatorship dilemma got a significant boost last week when House Financial Services Committee Chairman Jeb Hensarling, R-TX, said he’s open to negotiations on housing-finance reform. During a speech at a National Association of Realtors conference, Hensarling expressed support for a bipartisan approach while outlining his beliefs for a sustained housing-finance reform plan. This represents the first time that the lawmaker publicly said he’s ready to make a deal when it comes to reform. And that includes changing his tune on opposing any type of government guarantee for mortgage-backed securities backed by conventional home loans.