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Freddie Mac Posts $993 Million Profit for 2Q16 Despite $2.0 Billion of Marks on Derivatives; G-Fee Income Up 17 Percent

August 2, 2016
Paul Muolo
Freddie purchased $91 billion of home mortgages from its seller/servicers in 2Q16, a handsome 31.8 percent improvement from the prior period.
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Slip Sliding Away: Securitization of ARMs

August 2, 2016
Brandon Ivey
An estimated $46 billion in ARMs were originated in the first quarter of 2016, down 2.1 percent from the previous quarter…
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Freddie Mac CEO Don Layton: HARP Announcement Coming ‘Soon’

August 2, 2016
Carisa Chappell
In the past, the FHFA has shot down a couple of program myths and emphasized that being significantly underwater doesn’t disqualify borrowers from using HARP…
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Short Takes: Freddie Mac, An ‘Earner’ for Uncle Sam / GSE Investors Wonder: When Do We Get Ours? / Top LO Bolts for New Penn / Oaktree’s Non-QM Volume / Ocwen Readies $500 Million ABS

August 2, 2016
Brandon Ivey and Paul Muolo
Investors in Freddie (and Fannie Mae) common and preferred who bought their shares as a speculative investment are still wondering: Hey, when do we get some of that money?
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FHA Cracks the $1 Trillion Mark. New Issuance Exceeds Runoff

August 1, 2016
John Bancroft
Refinancing has been heavy this year. Ginnie MBS outstanding at the end of 2015 lost $99.51 billion of FHA loans through the first six months of 2016.
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Whatever Happened to AIG’s Spinoff of United Guaranty? We May Know More Tuesday

August 1, 2016
Paul Muolo
Most observers believe the UGC IPO will happen – it’s just a matter of when. Maybe in September?
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Quicken Loses Appeal of NLRB Ruling on Confidentiality/Non-Disparage Clauses in Employment Contract

August 1, 2016
Brandon Ivey
Quicken stated: “The reality is that this decision will have no effect on how we conduct our business.”
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Here Come the Nonbank Earnings. It Could Get Ugly

August 1, 2016
Paul Muolo
According to KBR, falling rates trimmed MSR values by roughly 6 percent.
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The Mortgage Angle – Student Loan Debt Only Worth it if You Finish Your Degree

August 1, 2016
Sherry Muolo
Approximately 30 percent of survey respondents aged 18 to 29 said they would put off buying a house because of the burden of student loan debt, according to study done last year by Black Knight Financial services.
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Short Takes: In FHA Lending, We Don’t Trust / Let the FHA Condo Lending Begin! / MGIC Prepares Debt Offering / Tech Platform in Capital Raise / A Promotion at Williston

August 1, 2016
Paul Muolo
The new bill signed by President Obama should make condo lending a little easier...
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