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What We’re Hearing: FHFA Chief Has a ‘Number of Options’ on Zero Capital / Is That a ‘Hard’ Deadline? / Once Tax Reform is Done, Next Up: the GSEs / Can HUD Secretary Carson Get the IG to Back Off on the FCA? / Ocwen Kills Wholesale. Meaning?

October 13, 2017
Paul Muolo
Meanwhile, one detail about the capital buffer falling to zero remains unclear: On Jan. 1 will every single penny of the $600 million (at each) be carted away?
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GSEs Continue Adapting Seller Requirements to Conform with HMDA Changes

October 12, 2017
Thomas Ressler
Fannie and Freddie continue to tweak their systems and processes to accommodate the new mandates, which kick in January 1…
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Short Takes: Residential Production Plunges at Citi / MSR Holdings Down Too / But a Nice Profit for 3Q17 / JPMorgan Readies New Non-Agency MBS / Ocwen Exiting Wholesale Channel / Fannie Announces New NPL Auctions

October 12, 2017
Paul Muolo and Brandon Ivey
Citi’s third-party servicing portfolio is down to $49.1 billion from $147.6 billion at Sept. 30, 2016...
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The GSEs Should Report Robust Earnings for 3Q17. Here’s Why…

October 11, 2017
Paul Muolo
A previously announced legal settlement with Royal Bank of Scotland will soon hit the books...
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Fannie MH Pilot Program Could Boost This Niche Market

October 11, 2017
Carisa Chappell
While the pilot is limited to New Hampshire home buyers, Fannie thinks the pilot could open the door to other states doing something similar…
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GSEs Unaffected by Deloitte’s Computer Break-In

October 11, 2017
Paul Muolo
A Freddie spokesman noted: “We take cyber-security seriously as it relates to every aspect of our business.”
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As the New Quarter Begins, More GSE MSR Deals Hit the Auction Block

October 10, 2017
Paul Muolo
The first offering is for $524 million and comes from an independent mortgage banking firm…
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GSE Purchase-Loan Share Hit 63 Percent in 3Q17, a 10-Year High

October 9, 2017
John Bancroft
The flow of home loans for first-time buyers was up a robust 24.7 percent on a sequential basis…
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Judge in Closely Watched GSE Shareholder Case Moves to Release More Documents

October 9, 2017
Carisa Chappell
The plaintiffs have long argued that the government is trying to keep roughly 1,500 documents hidden under the deliberative process and bank examination privileges.
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Short Takes: Treasury Working on GSE Ideas? / Will Trump Get Involved Directly? / Sauri Launches FinKube / Too Much Overhead, Maybe / A New Hire for Endeavor

October 9, 2017
Paul Muolo
With Trump being a real estate developer – though that part of his career is on hold right now – it will be interesting to see if he takes a hands-on approach to reforming the GSEs...
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