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New MBA President Broeksmit Toes the Party Line on GSE Reform

December 10, 2018
Paul Muolo
The MBA chief also makes it blatantly clear that he is no fan of any “recap and release” proposals for the government-sponsored enterprises either...
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Short Takes: Hope in Cash-Out Refis / loanDepot’s Refi Stats / Position Filled / Chicago-Area Lender Gets Fannie Mae Approvals / More on Calabria and the FHFA Job / Mulvaney, Mnuchin Up for the Chief of Staff Job? / Waterstone Hires Rocky (Rockwell)

December 10, 2018
Paul Muolo
Fannie Mae has approved Neighborhood Loans, Lombard, IL, as a new seller/servicer...
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Freddie to Buy Broad Range of Mortgages on Factory-Built Homes

December 7, 2018
Under a new pilot program announced last week, Freddie Mac will purchase mortgages on manufactured homes at the same low rates available for traditional site-built homes.
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GSE Roundup

December 7, 2018
Freddie Mac issues a checklist, the IG at the FHFA concludes an investigation and brokers thrive in California. [Includes one data chart.]
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Agency MBS Issuance Not-So-Bad in November 3Q18, Off by Just 1.0 Percent

December 7, 2018
John Bancroft
Agency production last month was buoyed by an increase in securitization of refinance loans…
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How to Shrink the GSE Footprint Without Having to Ask Congress To Do Anything

December 7, 2018
John Bancroft
Want to shrink Fannie and Freddie? Cut investor loans, then move on to cash-out refis…
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What We’re Hearing: Mark Calabria to Head the FHFA (Looks That Way) / Can Mulvaney Fix the U.S. Debt Problem? / Keeping the Debt Clock at the HFSC? / Kraninger Yes, Michael Bright No / Nomura and Ditech (More) / CMG Mortgage Hires Regency Executive / Home

December 7, 2018
Paul Muolo
If Michael Bright is not confirmed in the current Congress, President Trump will have to re-nominate him...
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Retail Lost Share in Major Product Groups

December 7, 2018
Retail originations declined more than third-party production in the three major mortgage-product categories during the third quarter of 2018, according to a new analysis by Inside Mortgage Trends. Based on survey data from a broad cross-section of lenders, retail originations fell 8.8 percent from the second to the third quarter. The wholesale-broker sector was down 1.9 percent, while correspondent production posted a 1.9 percent increase. The data ... [Includes two data charts]
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Short Takes: Stock Market Ugly / Bring on the Cash-out Refis? / GSE Stocks Can’t Catch a Break / Carrington Readies First Non-QM MBS / New Penn Unveils New Name: NewRez

December 6, 2018
Paul Muolo and Brandon Ivey
Carrington Mortgage is working on its first non-QM securitization...
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HFSC Hearing on GSE Bill Postponed. Time is Running out for Chairman Hensarling…

December 5, 2018
Paul Muolo
Some industry lobbyists believe the Senate Banking Committee hearing on GSE pilot programs will not be held this year at all.
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