Mortgage sellers repurchased just $226.8 million of defective single-family loans from Fannie Mae and Freddie Mac mortgage-backed securities during the second quarter, according to a new Inside Mortgage Trends analysis. It was one of the lowest quarterly buyback totals involving government-sponsored enterprise loans since Fannie and Freddie began disclosing this activity in early 2012. Repurchases – which include other forms of indemnification ... [Includes two data charts]
Correspondent-based mortgage production operations lost some ground in the conventional-conforming market during the second quarter of 2018 but made up some of it in an unlikely sector: jumbo originations. Jumbo production by correspondent lenders increased by a huge 63.7 percent from the first to the second quarter of 2018, according to a new Inside Mortgage Trends analysis. The data come from Inside Mortgage Finance surveys from lenders ... [Includes two data charts]
JPMorgan is the parent company of the nation’s second largest residential lender, Chase. Trump last decade started a small mortgage brokerage operation in Long Island and then killed it...
With nonbanks dominating Ginnie Mae’s single-family MBS program, liquidity is an important factor in the issuance and servicing of Ginnie MBS and has been the agency’s focus in recent years.
If Rep. Jeb Hensarling’s new housing finance reform bill becomes law, the common securitization platform of Fannie Mae and Freddie Mac and the “disclosure framework from Common Securitization Solutions” will be transferred into a private, nonprofit corporation or “exchange.”
SG Capital Partners, a boutique investment banking firm chock full of former Goldman Sachs executives, has launched a new wholesale lender to originate non-qualified mortgages, most of which will wind up in MBS deals.
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