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Price War on GSE Guarantee Fees Ended in Early 2018 in Response to FHFA Directive…

May 3, 2018
John Bancroft and Carisa Chappell
Freddie CEO Donald Layton told Inside MBS & ABS that implementation of the FHFA directive “has largely been complete.”
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Fannie Mae Has a Blowout 1Q18, Will Make a $938M Dividend Payment to Treasury

May 3, 2018
Carisa Chappell and Paul Muolo
Come June, Fannie Mae will cut a new dividend check to Uncle Sam...
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Short Takes: What’s in a Name? / First, We Change the Name in the AP Style Book / CRL Wants FHA Changes / Fannie Tech Official Departs for Vendor

May 2, 2018
Paul Muolo and Yemeng Yang
CFPB Acting Director Mick Mulvaney: “I don’t know why we call it the CFPB; that is not the name of the organization..."
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GSE-Eligible Loans in Non-Agency MBS Seen as More Risky…

May 2, 2018
Brandon Ivey
Due to temporary standards established by the CFPB, mortgages eligible for sale to the GSEs are treated as qualified mortgages even if they have higher debt-to-income ratios that would otherwise make them non-QMs…
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Freddie Posts Strong 1Q18 Profit Thanks to G-Fee Income, Gains from Derivatives (and No More DTA Hits)

May 1, 2018
Paul Muolo
In the first quarter of 2018, Freddie issued $63.9 billion of single-family MBS, a 37.2 percent sequential drop...
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The Nonbank Share of GSE Servicing Now Stands at 37.5 Percent – and Growing

May 1, 2018
John Bancroft
Matrix Financial Services is another nonbank rapidly climbing the GSE servicing ranks…
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The GSE Reform Bust Blues: Worrying About Mel Watt’s (Potential) Successor at the FHFA

May 1, 2018
Paul Muolo
There’s been speculation that when the Trump administration picks Watt’s successor, one of the first things that person might do is impose a loan-size purchase limit on the two government-sponsored enterprises.
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Freddie Posts Strong 1Q18 Profit Thanks to G-Fee Income, Gains from Derivatives (and No More DTA Hits)

May 1, 2018
Paul Muolo
Even though the GSE posted a strong profit, it saw MBS issuance fall 37.2 percent in the first quarter...
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Short Takes: Freddie Mac Multifamily Continues to Shine, but… / UWM Rolls Out New Website / Seed Money / Nationstar Looking at a Large MSR Markup? / Mulvaney: I’m Not Running a Yelp / New Hires for Freddie, Angel Oak

May 1, 2018
Paul Muolo and Yemeng Yang
Not too long ago, UWM rolled out a $500,000 grant program designed to allow LOs to start their own loan brokerage firms...
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Agency Servicing Transfers Slowed in Early 2018

April 30, 2018
John Bancroft
In 1Q18, the top three coissuance sellers of servicing rights were Fairway Independent Mortgage, Finance of America, and Movement Mortgage.
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