New Tax Law Blows a Hole in Fannie Mae’s 4Q17 Results, FHFA to Ask Treasury for $3.7B in Cash to Eliminate the ‘Net Worth’ Deficit February 14, 2018 Paul Muolo As National Association of Realtors Vice President Joe Ventrone put it: “It’s an unintended consequence of the tax bill rather than falling into the bailout narrative.”Read More
Short Takes: Arch has Some ‘Fairly Well Developed’ Plans / Auditing the FHA MMIF / New Residential May Become a Player in Ginnie MSRs / Consumer Advocates Not Happy / Top VA Official Departs Agency for PenFed February 14, 2018 Paul Muolo, Thomas Ressler, and Brandon Ivey Look for New Residential to become a buyer of Ginnie Mae servicing packages...Read More
Short Takes: The Trump Budget and the GSEs (Not So Good) / No More GSE Money for Affordable Housing / Treasury Wants to ‘Right Size’ Federal Housing Programs / Cuts in Store for the CFPB? / Arch Posts a Strong 4Q17 Profit February 13, 2018 Paul Muolo The Treasury Department's goal is to right-size federal housing programs...Read More
Housing Advocates Worried about Sen. Corker’s GSE Reform Draft February 12, 2018 Carisa Chappell The Center for Responsible Lending and other groups said the Corker draft threatens access, affordability and market stability…Read More
Trump Budget: DTA Hits Mean Treasury Draws for Fannie and Freddie. White House Wants to Cut Contributions to the Housing Trust Fund February 12, 2018 Paul Muolo Freddie Mac's Treasury draw is estimated at $400 million...Read More
Agency MBS Production Down a Modest 6.9 Percent in January. Turbulence Ahead? February 9, 2018 John Bancroft January volume was the lowest monthly total since May 2017…Read More
FHFA OIG Takes Issue with Regulator’s Handling of Potential Conflicts Involving Fannie Mae Executives February 9, 2018 Carisa Chappell The names of Fannie Mae executives potentially involved in conflicts of interest were redacted from the report.Read More
What We’re Hearing: America, a Good Mortgage Customer? / Higher Rates, but How Much Higher? / Mortgage Bulls / Three Former Clayton Executives Launch Due Diligence Firm / Santander’s Warehouse Chief Departs / Mel Watt’s Successor Might… February 9, 2018 Paul Muolo The new game in town is figuring out who will succeed Mel Watt as director of the Federal Housing Finance Agency...Read More
Government and Jumbo Sectors Took the Biggest Lumps in 4Q17 Lending February 8, 2018 John Bancroft The conventional-conforming market held up relatively well in the fourth quarter, with origination volume easing by just 0.7 percent…Read More
Freedom Mortgage Buys $25 Billion of Servicing Rights from Stearns Lending February 8, 2018 Paul Muolo In the summer of 2015, The Blackstone Group bought a controlling interest in Stearns.Read More
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