MBS Outstanding on a Steady Growth Track. Ginnie MBS Balance: $1.83 Trillion June 15, 2018 John Bancroft Year over year, MBS outstanding grew by 4.8 percent, according to a new tally from Inside MBS & ABS… Read More
What We’re Hearing: There Goes the GSE Footprint / MBA Chief Tackles GSE Stock Speculators / Underwater: Pershing Square / Fannie-Freddie Charter Creep or are They Just Helping the Little Guy? / New Hires for TCF June 15, 2018 Paul Muolo It’s official: The Treasury Department’s goal is to reduce the footprint of Fannie Mae and Freddie Mac. Who says so? Treasury counselor Craig Phillips...Read More
Jumbo Mortgage Production Down Sharply in First Quarter June 14, 2018 John Bancroft Wells Fargo ranked first among non-agency jumbo originators, followed by Chase and Bank of America…Read More
MSR Market Heats Up, New Auctions from Phoenix, MIAC June 14, 2018 Paul Muolo Bank buyers of MSRs favor packages that are at least $2 billion in size…Read More
Short Takes: FHFA Ignoring HERA? / A Refresher Course / How Fannie and Freddie Dismantled Legislative Bomb Threats / A Large RPL Auction from Fannie / OCC to Finally Weigh In on Fintech June 14, 2018 Paul Muolo It might be said that OFHEO was a weak federal regulator...Read More
MBS Business Up Modestly, but GSE Credit Box Unchanged June 13, 2018 John Bancroft In the first quarter, average credit scores on purchase mortgages were virtually unchanged…Read More
Lenders Pessimistic About Profit Margins for 3Q18, Cuts to Staff Expected June 12, 2018 Brandon Ivey Fannie Mae: “We expect this will prompt businesses to turn to cost-cutting..."Read More
FHFA Proposes Minimum Capital Requirements for Fannie and Freddie. An RBC ‘Bill’ of $181 Billion June 12, 2018 Paul Muolo By comparison, commercial banks must have tier 1 capital of 8.0 percent of risk-weighted assets. Read More
Short Takes: No Relief in Sight for GSE Common / Pershing Square in a World of (GSE) Hurt? / JMP Likes Impac / Consumer Data Collection Returns to the CFPB / Plaza Home Promotes Fontaine June 12, 2018 Paul Muolo and Yemeng Yang JMP likes the higher profit margins that accompany non-QM lending…Read More
American Action Forum: Merge the GSEs into HUD. (You Heard that Right) June 11, 2018 Carisa Chappell The AAF warns against the GSEs becoming private entities again, noting there’s no way for them to raise enough capital…Read More
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