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What We're Hearing: And Now for a Word About Dow 25,000 / A 2 Percent FRM, Finally? / A Former Fannie Mae CEO and the U.S. Budget / Citadel CEO Perl Bullish on Non-QM / Hensarling Headed to Wall Street?

January 5, 2018
Paul Muolo
What's next for Jeb Hensarling? FHFA or Wall Street?
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About that GSE Bill Being Worked on in the Senate…

January 5, 2018
Carisa Chappell
Progressives are worried that in 2019 a new Federal Housing Finance Agency director will takeover, undoing much of what they like about the current system…
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Not a Done Deal: Changing the Definition of ‘Past Due’ on Mortgages

January 5, 2018
Brandon Ivey
Regulators are set to announce that the past-due change is being delayed – and reconsidered…
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For Sale: $3.5 Billion of Fannie Mae/Freddie Mac Servicing Rights

January 5, 2018
Paul Muolo
The first quarter could turn out to be a barn-burner for MSR sales…
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Banks Seek Looser Capital Standards for MSR

January 5, 2018
Federal regulators’ efforts to simplify bank capital requirements relating to mortgage servicing rights don’t go far enough, according to industry participants. The institutions that the proposal is aimed at want even less stringent capital requirements, and large banks want to be included in the loosening. In October, federal banking regulators proposed simplified capital treatment for various assets, including mortgage servicing assets. The proposal would largely apply to banks with ...
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GOP Tax Bill Will Boost GSE Earnings by $3 Billion. However…

January 4, 2018
Paul Muolo
And now for the bad news: The lower corporate tax rate will force Fannie and Freddie to write down the value of their deferred tax assets by $15.3 billion…
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Incenter Out with Another MSR Offering, This One for $3 Billion

January 4, 2018
Paul Muolo
The delinquency rate on the MSR portfolio is 1.02 percent...
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Short Takes: Senate GSE Bill Due Out This Month? / But Will it Pass? / The Unstoppable LendingTree / Mortgages and the Weed Trade? / Hamilton Hires Former Wells-JPM-Freddie Exec to be CEO

January 4, 2018
Paul Muolo
When Fannie and Freddie request a fresh draw of taxpayer funds from Treasury to deal with their DTA "problem," it will poison the well for conservative Republicans...
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FHA Nominee Montgomery Has to Resubmit Financials. A March Seating?

January 3, 2018
Paul Muolo
Like scores of other Trump appointees, a final vote on Montgomery’s nomination as assistant secretary for Housing was not acted upon by yearend…
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IMA Launches First MSR Auction of the New Year

January 3, 2018
Paul Muolo
The seller will consider separate bids on the conventional and government portions…
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Latest Imf News

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