FHFA Director Mel Watt wants to ban companies from using their captive insurance affiliates from joining the FHLB system.

Two previous cases have raised similar issues tied to the legal theory of disparate impact.

Back in May, Pershing Square founder William Ackman said the common stock of Fannie Mae and Freddie Mac could be worth at least $23 a share. Huh?

Among our findings, a few things stand out, including the ascension of PennyMac to the number two position among Ginnie Mae issuers.

For those lenders originating HELOCs, they will have more failed loans on their hands – that is, if the theory is proved true.

A recent audit conducted by the Inspector General of the Department of Housing and Urban Development found that servicers earned roughly $428 million over a 19-month period by securitizing modified FHA loans in Ginnie Mae MBS. The way the IG sees it, those profits should go to the FHA’s Mutual Mortgage Insurance Fund, which has been below statutorily required levels for several years. At the very least, the IG wants FHA to reduce the $750 per loan incentive payment the agency provides servicers for loan modifications. “FHA does not have...[Includes one data chart]

Skyline Lending is ready to roll out a new non-agency product and plans to place the loans in what the company calls a “structured holding cell.”

According to one deal-maker, after a merger, anywhere between 30 percent to 40 percent of a company’s LOs might choose to leave.

Fannie Mae and Freddie Mac saw significant increases in single-family mortgage business during the third quarter of 2014, and they relied less on their top sellers, according to a new Inside Mortgage Trends analysis. Together, the two government-sponsored enterprises issued $183.2 billion of single-family mortgage-backed securities during the third quarter. That was up 29.1 percent from the previous quarter. Most of the gain came from a 31.7 percent jump in ... [Includes two data charts]

Although linked to higher likelihood of defaults for first mortgages, piggyback second liens do not necessarily mean bad results for the associated primary loan. However, subsequent second liens have had mixed results over certain time periods. “The empirical results for subsequent second liens are much more nuanced and, in many ways, more interesting than the piggyback results,” concludes Andrew Leventis, principal economist at the Federal Housing Finance Agency ...