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The Largest Investor in GSE Common (Pershing Square) Still Seems Bullish, but…

December 30, 2015
Paul Muolo
Over the past year, the share price of GSE common has tanked, at least on a percentage basis.
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CFPB Issues TRID ‘Clarifying’ Letter; GSEs Won’t Conduct ‘Routine’ Post Purchase Reviews

December 30, 2015
Thomas Ressler
The CFPB letter is aimed at preventing the secondary mortgage market from getting clogged up...
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Short Takes: The loanDepot IPO Could Happen in 2016 / Just Because the CFPB Issues a Letter That Doesn’t Mean Some Lawyer Somewhere Won’t Sue / FA: Fraud Risk Rises in FL / Radian Becomes PMIER Compliant

December 30, 2015
Carisa Chappell, Brandon Ivey, and Paul Muolo
Now that the Consumer Financial Protection Bureau has issued a “clarifying” letter on TRID errors, all is well, right? Not necessarily...
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California Remains the GSE Loan King

December 29, 2015
Paul Muolo
California also has the distinction of having one of the higher broker-GSE ratios in the nation: 21.5 percent.
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Behind the GSE Risk-Share Goals: Why Next Year’s Activity Could Turn out to be Less

December 29, 2015
John Bancroft
In 2015, the two GSEs sold credit risk on about $407 billion of UPB through their back-end risk-transfer programs. The actual amount of credit risk transferred was $12.6 billion.
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More Front-End Changes to Deal With: GSE Loan Application Will Undergo a Major Redesign

December 28, 2015
Carisa Chappell
New data fields will be added to support Fannie’s and Freddie’s requirements, as well as those required by the FHA, VA, USDA and CFPB...
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MorVest Capital Unloads Ginnie Mae MSRs; Another Deal in the Works

December 28, 2015
Paul Muolo
The new offering is in the $1 billion range. MorVest hopes to complete the sale by the end of January.
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Will Ginnie Mae Pass Freddie Mac in MBS Outstanding?

December 23, 2015
John Bancroft
Ginnie Mae production topped Freddie Mac’s issuance in 2014 and was comfortably ahead after the first 11 months of this year.
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Short Takes: TRID Nightmares Continued / ‘I’ve Aged Five Years in the Past Month’ / Freddie Contemplates Marketplace Lending: A Flash in the Pan? / Foreclosures Continue to Head South

December 23, 2015
Carisa Chappell, Paul Muolo, and Sherry Muolo
Sean Becketti, Freddie’s chief economist, said, “It's too soon to tell whether marketplace lending is the next Uber or just another flash in the pan…”
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FHFA Issues Final Rule on Suspensions Under ‘Counter-Party’ Program

December 23, 2015
Carisa Chappell
The final rule from the FHFA also simplifies the standard for issuing suspension orders...
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