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Expected on GSE Reform: Reconstituted Versions of Fannie and Freddie but…

December 28, 2017
Paul Muolo
What’s gestating now in Congress may represent the best chance of reforming the secondary market since Fannie Mae and Freddie Mac were placed into conservatorship in September 2008…
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The Ocwen Legal Settlement Tally: 25 Down, Five to Go

December 28, 2017
Brandon Ivey
Ocwen’s stock price peaked earlier in the decade at roughly $60.00 a share…
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Banks Continue to Add Home Mortgages to Portfolio

December 28, 2017
Brandon Ivey
JPMorgan Chase continued to boost its first-lien holdings even as it issued a number of relatively large jumbo MBS deals…
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Short Takes: The Most Profitable Company in America (Per Employee) is Fannie Mae / What About Ginnie? / Coming in January: A New FHA Commissioner / What’s the Hold Up? Answer: Sen. Warren

December 28, 2017
Paul Muolo
The ranking was determined by dividing a company’s profit over the last financial year by the number of employees…
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Ginnie Mae – the Fastest-Growing Component of the Agency MSR Market

December 21, 2017
John Bancroft
While combined GSE servicing still accounted for a hefty 44.9 percent of single-family mortgages, it has continued to drift lower over the course of 2017…
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Surprise: FHFA and Treasury Agree to $3 Billion Capital Buffer for the GSEs. Watt Declares a (Taxpayer) Draw Will be Necessary Because of New GOP Tax Bill

December 21, 2017
Paul Muolo
Mel Watt continued: “We, therefore, contemplate that going forward enterprise dividends will be declared and paid beyond the $3 billion capital reserve in the absence of exigent circumstances.”
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Tax Reform a Mixed Bag for Housing Industry: Lower Mortgage Deduction and Some Lobbying Victories

December 21, 2017
Congress approved significant reforms to federal tax policies this week, which will include a number of changes for the housing industry.
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Ginnie Mae Still Powering Growth in Agency Servicing, Nonbank Surge Cooled Off in 3Q17

December 21, 2017
Ginnie Mae remained the fastest-growing component of the single-family servicing market dur-ing the third quarter of 2017, expanding at roughly twice the speed of the overall market, according to a new Inside Mortgage Finance ranking and analysis.
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States Increasingly Requiring MSR Investors to Obtain Licenses, GSEs Require Compliance with State Laws

December 21, 2017
State regulators are increasingly requiring investors in mortgage servicing rights to get servicer li-censes even if they don’t perform any loan administration functions, according to industry lawyers.
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Short Takes: Freddie Mac Might Avoid a Treasury Draw / Exigent? / This is Just the Beginning / The Big Winners: Holders of GSE Junior Preferred / Paying Your Mortgage via Alexa / IMFnews Publishing Break

December 21, 2017
Brandon Ivey and Paul Muolo
Washington Analysis believes the FHFA/Treasury move is a “clear positive for shareholders in the GSEs, particularly holders of junior preferred shares..."
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