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Surprise: Non-Agency Option Dings GSE Conforming-Jumbo Business

September 20, 2018
John Bancroft
More conventional loans that fit under the GSE loan limits for high-cost markets are ending up in non-agency mortgage-backed securities…
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Brian Brooks, a Possible Successor to Fannie CEO Mayopoulos, Departs

September 20, 2018
Paul Muolo
Brooks was vice chairman of OneWest Bank, a depository once owned by current Treasury Secretary Steven Mnuchin.
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MBA Raises Concerns as Freddie Launches Second Phase of Controversial MSR-Financing Pilot

September 20, 2018
Freddie Mac’s pilot program to extend lines of credit collateralized by mortgage servicing rights kicked into its second phase this month with the mortgage giant finding itself playing defense as the cries of “charter creep” continued to grow louder.
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Inspector General Says GSE Appraisal Waiver Program Poses Little Risk to Housing Market

September 20, 2018
Although some industry members have voiced concerns over appraisal waivers offered by Fannie Mae and Freddie Mac, the Federal Housing Finance Agency Office of Inspector General said the risk is minimal. Only a small portion of loans are actually eligible for the waiver and the FHFA said it’s closely monitoring the program.
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Who Needs the Fed? Plenty of Investors Willing to Pick Up the Central Bank’s (MBS) Slack

September 20, 2018
John Bancroft
The central bank could lose its kingpin status if commercial banks continue buying…
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Chimera Packs GSE-Eligible Loans on Investment Properties into New Non-Agency MBS; Caliber a Top Contributor

September 19, 2018
Brandon Ivey
Three nonbank lenders, all owned by PE firms, are key contributors to the deal…
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MorVest Taking Bids on Freddie Mac Bulk MSR Portfolio

September 19, 2018
Paul Muolo
Dealmakers, including Mark Garland of MountainView Financial Solutions, expect a flurry of activity this fall.
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Short Takes: Freddie Talking to Potential MSR Borrowers / Fannie’s New HLTV Refi Option / Plenty of GSE-Eligible Loans in New JPM MBS / LendingTree’s $10k Prize / A New Director at Fannie Mae

September 19, 2018
Brandon Ivey and Paul Muolo
On Nov. 1, Fannie Mae will begin accepting applications for its new high loan-to-value ratio refinance product.
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For Sale: Fannie Mae Bulk MSR Portfolio, Average LTV: 59 Percent

September 18, 2018
Paul Muolo
Kentucky product dominates the portfolio at 98.9 percent. Ohio is a distant second…
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FHFA IG Critical of Fannie Mae Consolidation Play in Northern VA

September 18, 2018
Carisa Chappell
The IG says four officials in the FHFA’s Division of Conservatorship told investigators that Fannie did not face an “action forcing” event…
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