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A Possible Problem for Ginnie: Fannie/Freddie MBS Getting an Explicit Guarantee from Uncle

October 30, 2018
Paul Muolo
Rob Zimmer, director of external affairs for the Community Mortgage Lenders of America, is in the camp of those worrying about the ramifications…
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Short Takes: Parity for the FHLBs and FanFred? / Once a Contender / Newfi and Non-QM / Strong Earnings from First American but Anxiety Too / From Alibaba to MGIC

October 30, 2018
Paul Muolo
Roughly 40 percent of Newfi Lending’s current loan volume entails the origination of mortgages that do not meet the qualified mortgage test.
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MSR Transfers Boomed in 3Q18, Aided by Franklin American Sale

October 29, 2018
John Bancroft
The top five bulk MSR transfers were led by Franklin American, followed by Stearns, loanDepot, Flagstar and United Shore/United Wholesale Mortgage…
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A Sure Bet for the New FHFA Director: No More GSE Pilot Programs?

October 29, 2018
Paul Muolo
The fact that these initiatives were ever approved by the FHFA angered critics of the government-sponsored enterprises…
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Prestwick Announces Auction of GSE, Private Investor MSRs

October 29, 2018
Paul Muolo
Fannie Mae receivables dominate the package at $70.9 million...
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Short Takes: Bill Dallas Speaks / FoA’s New Reverse Product / A Blow-Out Earnings Number from Freddie? / Fannie? / No Permanent President for Ginnie, Still / Former FHLB Chicago Exec Named President of CU Mortgage Firm

October 29, 2018
Brandon Ivey and Paul Muolo
On Wednesday, Freddie Mac will release third-quarter results...
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Treasury Official Says Reform is a Priority as GSE Execs Bow Out

October 26, 2018
Top officials at Fannie Mae and Freddie Mac extolled the major improvements made at the two GSEs over their decade in conservatorship, and a key Trump administration official reiterated his view that the gains should be preserved.
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A Possible Problem for Ginnie: What if Fannie/Freddie MBS Get an Explicit Guarantee from Uncle Sam?

October 26, 2018
Although legislative reform of Fannie Mae and Freddie Mac is dead for now, Ginnie Mae supporters continue to worry about what might happen to agency MBS spreads if the government-sponsored enterprises get an explicit guarantee on their MBS.
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Freddie’s Layton: CRTs Transforming Housing-Finance System

October 26, 2018
Carisa Chappell
Freddie CEO Don Layton: Some 90 percent of the credit risk on multifamily mortgages is being transferred…
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Incenter Announces Large MSR Auction

October 26, 2018
Paul Muolo
Loans from California account for the largest chunk of receivables at 18.3 percent...
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