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Short Takes: A Change of (Jumbo) Heart at Wells Fargo / An Anti GSE ‘Intifada’? / Looking the Other Way on Charter Creep? / DeMarco for FHFA Director? / Production Official Bolts Movement Mortgage for Union Bank / Correction

July 16, 2018
John Bancroft, Brandon Ivey, and Paul Muolo
Capital Alpha said its choice to be the next FHFA director is Ed DeMarco, who held the job once before...
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Phoenix Announces GSE Flow MSR Auction

July 16, 2018
Paul Muolo
The average loan size could be as high as $227,000…
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Fannie Announces MI Pilot

July 12, 2018
Fannie Mae this week released details about a pilot program that explores an alternative to how private mortgage insurance is placed on loans the government-sponsored enterprise acquires.
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GSE Single-Family Business Up Modestly in 2Q18 as Purchase Market Kicks In

July 12, 2018
John Bancroft
All of the growth in GSE volume came from the purchase-mortgage side of the business…
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Short Takes: FHA in a Hiring Mode / CAIVRS, Old as Dirt? / Likening the GSEs to ‘The Blob’ And His Son / Level One Ponies up to the Mortgage Bar / MSR Auction from The Prestwick Group

July 12, 2018
Paul Muolo
One slide in the GSE presentation is entitled, “The Blob and the Return of the Blob,” a reference to the horror movie classics of the late 1950s…
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Freddie to Launch Automated Servicing Transfer in August, Streamlines the Process for Smaller Lenders

July 12, 2018
Freddie Mac plans to launch a new servicing transfer tool within the next couple of weeks, part of a broader effort by the government-sponsored enterprises to enhance liquidity in mortgage servicing rights.
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PMI Analysts Look at Fannie’s New MI Pilot, Wondering If It Poses a Threat

July 11, 2018
Paul Muolo
But there’s a catch for lenders: Originators will have to pay an additional loan-level price adjustment…
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Short Takes: Fannie Launches MI Pilot / MBA Reg Counsel Joins Consulting Firm / Non Bank Market Share Grows / FHFA Capital Rule Criticized

July 10, 2018
Carisa Chappell
Fannie said the new lender option allows the GSE to streamline the operational requirements of participating lenders...
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Agencies Leaning More on the ‘QM Patch’

July 9, 2018
John Bancroft
The share of high-DTI loans has continued to go up this year…
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Pershing Square Tells Investors to Have Faith in the GSEs (Really)

July 9, 2018
Paul Muolo
Pershing Square bought its stake in the GSEs earlier in the decade at prices north of $2.00 a share…
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