Fannie/Freddie Credit-Risk Transfer Machines Keeping Churning Out New Deals… June 1, 2018 John Bancroft The surge in CRT debt issuance came during a time when new MBS production for the GSEs sank by 19.3 percent. Read More
MountainView Selling $3.6 Billion Fannie Mae MSR Portfolio June 1, 2018 Paul Muolo The seller of the portfolio, who was not identified, wants to complete the transaction by July 31.Read More
The GSEs in Conservatorship: Sure Doesn’t Seem Like It June 1, 2018 John Bancroft “We’re partnering with external firms to understand and anticipate their needs,” said Freddie Mac official Kevin Palmer…Read More
What We’re Hearing: Making Lemons out of Lemonade / Mortgage Brokers Trim Staff / A RIF at Movement Mortgage / The FHFA-OCC Connection / Conventional Lenders Eyeing the Non-QM Market? / A Tech Firm Looked at NSM June 1, 2018 Paul Muolo Although some conventional lenders are struggling with lower volumes, Angel Oak and Citadel Servicing Corp. are humming along...Read More
First-Time Buyer Share of Purchase-Mortgage Market Up in Early 2018 May 31, 2018 John Bancroft First-time buyers continue to fight the challenges of rising house prices, higher interest rates and depleted inventory… Read More
Short Takes: Mel Watt’s Successor May Be… / Morgan Stanley had a Role in the FAMC Deal / Consolidation Nation? / A New MBS from Redwood / New Hires for Home Point May 31, 2018 Paul Muolo and Brandon Ivey The consolidation tidal wave approaches ... or maybe not...Read More
The Beat Goes On: GSE Credit Scores Much Higher Than on Ginnie Product May 30, 2018 John Bancroft During the first quarter, the average credit score at Fannie Mae was 741.15, slightly below the average 744.73 at Freddie Mac.Read More
More Big Swings in GSE Single-Family MBS Business in April May 29, 2018 John Bancroft However, Freddie still has some catching up to do to reach the 40.2 percent GSE share it had last year.Read More
IMA, Phoenix Offering MSR Packages May 29, 2018 Paul Muolo According to the offering circular, the average loan balance is $230,368 with delinquencies totaling 5.80 percent...Read More
Short Takes: All FHFA Wants is Parity / GAO Favors It / Suddenly, Bonds Rally (Credit the Italians) / MIAC Selling S&Ds / New Hires for These Mortgage Vendors May 29, 2018 Paul Muolo The FHFA argues: "In contrast, other federal safety and soundness regulators have statutory authority to examine companies that provide services to depository institutions..."Read More