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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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Ginnie and Freddie Drive Agency Servicing Increases in 2017, Nonbanks Expanding

March 22, 2018
John Bancroft
The mortgage servicing business racked up its third consecutive year of steady growth in 2017.
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Freddie Mac Has First Nonperforming Loan Sale of 2018

March 22, 2018
Carisa Chappell
Freddie Mac announced its first non-performing loan sale of the year this week.
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GSE Repurchases Hit Record Low in 2017, Freddie Shows a Faster Decline

March 21, 2018
John Bancroft
GSE buyback volume fell 11.6 percent from the 2016 total, including an 11.4 percent drop from the third to the fourth quarter of last year.
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Short Takes: Mortgage Applications Decline / Time to Close Also Declines / Freddie to Automate Calculation of Self-Employed Income / Angel Oak Grows

March 21, 2018
Brandon Ivey
The decline in mortgage applications was driven by applications for refinances, as requests for purchase mortgages increased slightly.
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