Officials from the Federal Housing Finance Agency as well as the government-sponsored enterprises will give an update on the common securitization platform project at an upcoming technology show – but don’t expect a “beta” test, at least not yet. Over the past two weeks, Inside MBS & ABS had been hearing reports that a private “demo” of the CSP was in the works – and might possibly happen at a technology show later this month in Orlando, sponsored by the Mortgage Bankers Association. FHFA principal strategist Michael Aneiro is scheduled...
After four decades in its storied Wisconsin Avenue building, Fannie Mae plans to return to its much earlier roots by making downtown Washington, DC, its new corporate headquarters. The company selected the current site of The Washington Post, on 1150 15th Street, NW, as its future home in January, debunking speculations of a move to other parts of the city.
Jumbo mortgage production last year grew its share of total originations to its highest level since well before the financial collapse that launched the era of the “agency jumbo” loan. Mortgage lenders cranked out a total of $291.1 billion of home mortgages with loan balances exceeding the old conforming loan limit of $417,000. Like everything else in mortgages, jumbo production was down from 2013, by 22.4 percent. But total mortgage originations fell...[Includes three data charts]
Most people who are not in straight-jackets believe the chances of GSE reform by 2016 are pretty much zero. Just in case you were wondering and needed a reminder…
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