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ARM Share Drops in the Third Quarter

December 18, 2018
Brandon Ivey
The ARM share typically goes up when interest rates rise, but not this time around…
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Fannie Mae Completes $11 billion CIRT Transaction

December 18, 2018
Dennis Hollier
Fannie Mae retains risk on the first 150 basis points of losses...
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Quicken Launches Jumbo Product Allowing Qualification Based on Assets Instead of Income

December 18, 2018
Brandon Ivey
According to Quicken, the loan could work well for retirees...
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SRPs Remain High. MSR Interest Strong but Declining Rates Begin to Weigh

December 18, 2018
Paul Muolo
One advisor said he knows of three bulk transactions that are stalled: one sized at $7.0 billion, another at $16.0 billion, and one more at $24.5 billion.
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Short Takes: CBO Wants to Raise G-Fees to Reduce the Federal Deficit / On-Balance Sheet GSEs or Off? / 5 to 15 Basis Points / The Cash Cows are Ready to Give Milk / It’s All About the Math

December 17, 2018
Paul Muolo
The Congressional Budget Office wants to hike g-fees by 5 basis points in October 2019 and then 15 basis points after 2021.
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MBS Trading Hammered. Will the Stock Market Carnage Continue, Leading to Lower Rates?

December 17, 2018
Paul Muolo
The latest reading is a sign that liquidity is suffering and the creation of new agency securities is in the doldrums...
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Ginnie Stats Reveal Sharp Increase in FHA Risk Layering Over Two Years

December 17, 2018
John Bancroft
Loans with DTI ratios exceeding 50 percent accounted for 29.60 percent of FHA business in Ginnie MBS during the first two months of the fourth quarter…
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Outlook for Prime Non-Agency MBS Tied to GSE Pricing, Tools

December 17, 2018
Brandon Ivey
With Mel Watt’s term as FHFA director ending in early January, a new director appointed by President Trump is widely expected to take actions to reduce the GSEs’ footprint…
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FHA and VA Introduce New Loan Limits for 2019

December 17, 2018
George Brooks
FHA will increase its floor for forward mortgages to $314,827 from $294,515.
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Deputy HUD Secretary Pam Patenaude Quits After 15 Months on the Job

December 17, 2018
Paul Muolo
She brought a certain depth of knowledge to the table for her boss, Ben Carson, a career brain surgeon with little in the way of housing and mortgage experience.
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