Michael Fratantoni, chief economist at the Mortgage Bankers Association, said the GSEs’ back-end risk-sharing deals do not represent the type of reform most industry participants would like to see.

One of Fannie’s and Freddie’s reputed “sins” was donating large sums of money to politicians who, in turn, ran interference for them on Capitol Hill...

Earlier this month, the House of Representatives voted 303-121 in favor of H.R. 3192, The Homebuyers Assistance Act. The legislation would provide the mortgage industry with a regulatory and legal safe harbor until Feb. 1, 2016, for mortgages originated in good faith under the CFPB’s Truth in Lending Act/Real Estate Settlement Procedures Act Integrated Disclosure rule, otherwise known as TRID. The rule, designed to streamline the mortgage disclosures under the two laws, took effect Oct. 3, 2015, after nearly two years of notice from the CFPB. “The CFPB and House Republicans agree that a transitional period for TRID compliance which enables lenders to test their systems and ensures there is no large-scale disruption to mortgage lending is necessary,” said Rep. ...

Beginning next year, Fannie will require seller/servicers to use trending credit data when underwriting single-family borrows through DU.

It's not everyday that a nonbank, nonprime lender gains access to the Federal Home Loan Bank system...

Did anyone expect the yield on the benchmark 10-year Treasury to be hovering at just over 2.0 percent as November approached? Not really, but the recent downdraft in rates has once again caused bond prices – MBS in particular – to increase, a development warming the hearts of investors. Then again, MBS investors hedging their positions might be...

A new loan origination defects and remedies framework to reduce buybacks was released by the government-sponsored enterprises last week, and lenders who spoke with Inside MBS & ABS said it may not be groundbreaking, but it is a step in the right direction. Jeremy Potter, general counsel and chief compliance officer with Norcom Mortgage, said, “We were really happy with the outcome. It seems like the industry has been working with them and this is a good team effort.” He said...

A spokesman for Stonegate Mortgage confirmed that Bolstad is no longer with the lender/servicer, but had little else to say on the matter.

GSE high-LTV mortgage programs gained traction during 3Q with the two securitizing $2.23 billion of insured purchase loans with LTV ratios of 96 or 97 percent...

“The FHFA is trying to solve every possible problem that might come up,” said one mortgage insurance executive.