Two of the deals offer a range of $50 million to $100 million per month in GSE servicing rights and have a bid deadline of early next week.

Ten trade organizations and community groups this week sent a letter to FHFA Director Mel Watt imploring him to suspend the quarterly GSE dividend paid to the Treasury Department...

Many cite compliance spending, in particular the hiring of attorneys, for the increase in costs.

Fannie Mae’s Robert Schaefer said there is a “high probability” the mortgage giant will be part of an MI transaction later this year that addresses the “pain points” the GSE sees in the deeper MI concept.

Are "fintech" firms spending enough money on mortgage compliance?

There are about 75 correspondent buyers in the market today, but that figure will winnow down to about 60 as margins stay tight...

The pace of GSE reform has been too slow, said Mortgage Bankers Association President and CEO David Stevens, who’s calling for faster implementation of the Common Securitization Platform and Single-Security. He’s worried that if the CSP platform has not made enough progress, it could face changes in planning down the line. He said the real estate finance industry should continue to push for faster implementation to make sure that any advances made cannot be reversed. “Additionally, the platform should be open to non-agency mortgage-backed securities so that long-term efforts for both private capital and GSE reform can take advantage of the benefits of its efficiency, data and consistency” Stevens added, while speaking...

One of those high-ranking officials is Jim Parrott, former White House housing finance executive...

One of the government-sponsored enterprises appears likely to test a form of credit-risk transfer that mortgage bankers have been clamoring for: transactions that allow mortgage sellers to pay lower MBS guarantee fees on loans that have deeper mortgage insurance coverage than is required by the GSE charters. Robert Schaefer, vice president for credit enhancement strategy at Fannie Mae, said there is “a high probability that we will do an MI deal later this year that addresses the pain points” the GSE sees in the deeper MI concept. “We are talking...[Includes one data table]

The Federal Reserve Bank of New York’s Open Market Trading Desk this week conducted the first of two small-value agency MBS sales operations, “for the purpose of testing operational readiness.” The second test is slated for June 1, 2016. The total current face value of sales across the two operations will be less than $150 million, according to the bank. The first transaction, which involved four Fannie Mae MBS currently valued at approximately $120 million, occurred in the middle of this week. The settlement date is June 13, 2016. Meanwhile, the June 1 operation will involve...