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Prime Non-agency MBS May Plateau, Nonprime and Expanded Prime Expected to Grow

December 3, 2018
Brandon Ivey
KBRA said nonprime issuance in 2019 should benefit from an increase in origination volume and other efficiencies…
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FHFA IG Sends Report on Watt’s Alleged Misconduct to President, Others

December 3, 2018
Paul Muolo
The specific nature of the allegations was not disclosed…
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Freddie Brings Conventional Financing to New Generation of Manufactured Homes

December 3, 2018
Dennis Hollier
Although the manufactured home industry is lobbying for chattel lending, Fannie Mae and Freddie Mac still require real property for collateral.
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Short Takes: The Hearing That Keeps Getting Postponed: GSE Pilot Programs / Remembering the Financial Accomplishments of President George H.W. Bush / Too Many Servicing Workers? / Mortgage Layoffs at SoFi / Vantage Score Hires Former Fannie Executive

December 3, 2018
Paul Muolo
Under the watch of President George H.W. Bush, S&Ls were re-regulated and given a core housing mission.
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Retail Channel Posted Highest FICO Scores in 3Q18

November 30, 2018
John Bancroft
However, average debt-to-income ratios were all over the map…
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Short Takes: News Soon from Trump on the FHFA Job? / A Place-Holder / A Bright Spot, If You Can Find One / The Better Question Might Be: Who Isn’t Going Digital? / Upcoming: CFPB Advisory Board Meeting

November 29, 2018
Paul Muolo and Yemeng Yang
Joseph Otting would not be the permanent director but would be a place-holder until...
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Agency Share of Jumbo Mortgage Lending Up in 3Q18; Will Higher Loan Limits Make a Difference?

November 29, 2018
Fannie Mae, Freddie Mac and Ginnie Mae saw a slight increase in their share of big-ticket mortgage lending in the third quarter as the non-agency jumbo sector cooled, according to an Inside Mortgage Finance ranking and analysis. [Includes three data charts.]
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Industry Has a Muted Reaction to High GSE Loan Limits. However…

November 28, 2018
Paul Muolo
Former MBA Chief Dave Stevens on the higher conforming loan limits: “For an industry led mostly by conservatives, this dependence on a socialized financial system is really ironic.”
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GSE Purchase Market Lost Steam in October

November 28, 2018
John Bancroft
Most of the refinancings facilitated by Fannie and Freddie are cash-out deals…
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Agency Share of Jumbo Mortgage Lending Increased in 3Q18

November 28, 2018
John Bancroft
Year-to-date agency securitization of conforming-jumbos totaled $72.36 billion as of the end of September…
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