Look for new FHLB membership rules from the FHFA by February 2016...

It's that time of the season: MBS issuance was down 30.6 percent at Fannie and off 17.4 percent at Freddie.

The average loan-to-value ratio of the NPLs is 91 percent, based on the broker price opinion.

During the worst of the buyback storm in late 2012 and early 2013, the GSEs reported over $18.51 billion of unresolved repurchase requests and as much as $13.22 billion in buybacks during a single quarter.

On the $5.9 billion MSR pool, 42 percent of the rights are tied to mortgages in California, Florida and Texas...

What year-end slow down? Michigan Mortgage is searching for 14 new employees for ten of its 28 locations. A majority of the jobs are for loan officers and underwriter positions...

However, the note rate was not disclosed. The originator of record is Wells Fargo Multifamily Capital...

Fleig said Fannie’s new policy has prompted some questions as industry participants haven’t seen a draft of the subordination agreement seller/servicers will have to sign.

The refinance market was soft as well. The agencies securitized $37.48 billion of refinance loans during November, down 12.3 percent from the previous month.

Fannie Mae, Freddie Mac and Ginnie Mae produced just $86.69 billion of single-family MBS during November, according to a new Inside MBS & ABS ranking and analysis. Last month’s production was down 19.1 percent from October’s volume and represented the weakest issuance since the agency MBS market started to take off in February of this year. All three agencies saw...[Includes two data tables]