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
OIG Says FHFA Needs Better Oversight Of Fannie’s Corporate Governance Policies February 8, 2018 The Federal Housing Finance Agency Office of Inspector General took issue with the way Fannie Mae handles potential conflicts with its senior executive officers and wants the FHFA to pay closer attention to the problem.Read More
Retail Loans Less Risky in Agency Market February 7, 2018 John Bancroft Although Freddie Mac had a higher average credit score than its rival GSE, Fannie Mae had slightly lower average DTI and LTV ratios… Read More
Freddie Mac Looks to Carve Out New Niche for Specified Pools February 7, 2018 Carisa Chappell Mortgages with low loan balances appeal to investors because of their lower prepayment risk…Read More
MBA Chairman Motley Hopeful that HUD Will Act Soon on FHA Clarifications February 7, 2018 Paul Muolo The trade group chief said uncertainty still exists around FHA loan level certifications…Read More
Short Takes: The FHFA Version of Mick Mulvaney / Political Appointees at the FHFA? / Waiting on Hensarling’s GSE Draft / A Strong Profit for Genworth / Reverse Lender Goes Forward February 7, 2018 Paul Muolo Rep. Hensarling, a Republican from Texas, has yet to unveil a legislative blueprint…Read More
Chairman of House Financial Services Subcommittee Pondering GSE Reform February 6, 2018 Paul Muolo and Carisa Chappell MBA’s Dave Stevens worries about what might happen to the mortgage market under a Trump-appointed FHFA director…Read More
Short Takes: What Stock Market Correction? / Bond Prices? / Fretting Over Fannie-Freddie Common / The GSE Message from Jeb and Steve / BlackRock Likes Genworth / New Penn Gets a New President / FSR Chief Pawlenty Departs February 6, 2018 Paul Muolo and Carisa Chappell The price of Fannie Mae and Freddie Mac common is getting smacked around...Read More
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