Prestwick is out with a flow package that could yield $360 million to $480 million annually in Fannie Mae product.

The supply of home loan debt outstanding grew for a third straight quarter in late 2015, including an ongoing ride higher in un-securitized portfolio mortgages. The Federal Reserve reported that $9.986 trillion of home mortgages were outstanding at the end of last year, a 0.3 percent increase from the third quarter. The growth rate slowed a bit – the market grew by roughly twice that rate from March to September – but the fourth quarter put unpaid home mortgage debt up 1.0 percent from the end of 2014, the first annual increase since 2007. The single fastest-growing segment of the market continued...[Includes two data tables]

Within the next 30 days, the Federal Housing Finance Agency will put to rest its long-running deliberations over whether Fannie Mae and Freddie Mac will allow principal reductions for certain distressed home mortgages. The Wall Street Journal reported earlier this week that the agency has already made the decision to go ahead with the plan on a limited basis. But in remarks at a public forum in Washington, DC, this week, FHFA Director Mel Watt said the agency is still mulling it over. Watt said...

The average loan amount on GSE condo mortgages in 2015 was $214,431.

Merge Fannie and Freddie into one? Crazier things have been suggested...

One commenter said the GSEs should be required to purchase chattel loans that are “prudently underwritten with appropriate consumer protections.”

Once again, the concept of "principal reductions" on Fannie, Freddie loans rears its ugly head.

The improved R&W framework has been a big plus for GSE sellers...

Former Fannie CFO Howard said this leaves the government-controlled mortgage giant to pay about $7 billion over the next 10 years in premiums and hedging costs.

With rates rising of late, MSR pricing should firm up...