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FHFA Gets Specific on the ‘Common Security’: June 3, 2019

March 28, 2018
Carisa Chappell and Paul Muolo
FHFA Director Mel Watt is urging the mortgage industry “to get ready now to ensure smooth, successful implementation.”
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Short Takes: What’s Up (Down) with GSE Common? / No News, No Bill, No Hope / Citadel Loosens Underwriting / Angel Oak Opens Dallas Ops Center, Seeks New Hires / W&D Expands

March 28, 2018
Brandon Ivey and Paul Muolo
It’s not as though some Congressman or Senator is about to introduce consensus GSE legislation...
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loanDepot to Issue its Own Non-Agency MBS, Packaging Jumbos and GSE-Eligible Loans

March 27, 2018
Brandon Ivey
Nearly all of the loans are 30-year fixed-rate mortgages and have seasoned for an average of 2.1 months.
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Up for Grabs: A $1.9 Billion Fannie Mae MSR Portfolio

March 26, 2018
Paul Muolo
California receivables account for 22.5 percent of the collateral based on number of loans…
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Short Takes: Coming Up on 10 Years / Remember the ‘Southwest Plan’? / What if a ‘Moderate’ Replaces Watt at the FHFA? / Checking in on GSE Reform and Seeing Nothing / loanDepot Gets a New COO

March 26, 2018
Paul Muolo
It’s almost April and Rep. Jeb Hensarling, R-TX, has yet to introduce his GSE reform bill...
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GSEs See Rapid Growth of High-DTI Loans Following Automated Underwriting Tweak in 2017; MIs Balk

March 23, 2018
Fannie Mae adjusted its automated underwriting services last summer to make more loans with higher debt-to-income ratios eligible for approval without lenders needing to provide compensating factors.
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New Fannie/Freddie Lawsuits Filed in Federal Claims Court Argue Against Treasury Sweep

March 23, 2018
More Fannie Mae and Freddie Mac shareholders have initiated lawsuits against the government for the Treasury sweep of the mortgage giants’ profits.
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BAML Says Washington May Be Settling into Status Quo on Reform

March 23, 2018
Carisa Chappell
Housing-finance reform appears to be in the process of a slow death for 2018 partly because of the pending departure of key players.
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GSE Foreclosure Preventions Surpass $4M in 4Q, Hurricanes Raise Delinquencies

March 23, 2018
Carisa Chappell
The Federal Housing Finance Agency reported this week that the GSEs completed 67,569 foreclosure prevention actions in the fourth quarter of 2017.
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Short Takes: CRTs Criticized/Existing Sales Up in South, West/Fannie Wins Green Award/Closing Time Shrinks/FHLBank Divide

March 23, 2018
Carisa Chappell
Former Fannie Mae executive and critic of the government-sponsored enterprises’ credit-risk transfer programs, Tim Howard, said on his blog this week that CRTs only help “sustain what has become a very profitable program for Wall Street firms and capital market investors.”
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