PHH said it will subservice the loans for New Residential "for an initial period of three years, subject to certain termination provisions."

The sale proceeds exclude estimated transaction fees and expenses of roughly 5.0 percent...

Tim Howard, a former Fannie Mae CFO, called Mnuchin’s comments “a welcome reset…”

New Residential is entitled to a $10 million termination fee if the sale falls apart...

Instead, the FHFA only disclosed specific CSP cost data once – in a September 2015 status report…

Excluding legacy-related buybacks, total GSE seller repurchases would have been down 9.9 percent…

Some GSE observers believe an “implicit” guaranty is the same thing as an “explicit” one…

One of the most speculative stock bets out there – buying shares in Fannie Mae and Freddie Mac – is looking more like a sure thing these days, thanks to the recent pick of Mick Mulvaney, R-SC, to head the Office of Management and Budget in the new Trump administration. At least that’s how some industry officials and market watchers view it, including the Washington-based research firm Cowen & Co. In a report issued earlier this week, Cowen analyst Jaret Seiberg called the choice of Mulvaney for OMB chief “the most bullish sign yet that the Donald Trump administration will favor a solution to housing finance reform that includes a continued role for Fannie and Freddie.”

Reducing subsidies also would help renew private sector participation in the secondary market, the Congressional Budget Office believes…

The mortgages in the CRT deal have seasoned for an average of 10 years and are serviced by Select Portfolio Servicing.