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Private MI Loan Volume Down Sharply in 1Q18

April 12, 2018
John Bancroft
The upside for private MIs is that their purchase business started off 2018 at a more robust level than last year…
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House Hearing Questions FHFA’s Oversight of Fannie, Freddie. IMAGIN?

April 12, 2018
Carisa Chappell
Wertheimer testified that during her tenure, the FHFA-OIG has issued 85 reports and made 117 recommendations to address supervisory shortcomings.
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Fannie Mae Addresses Risk Layering in High-DTI Loans; Analysts Say More Transparency Would Help

April 12, 2018
Fannie Mae last month tweaked its underwriting system to account for the greater risk in loans with high debt-to-income ratios.
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Short Takes: A 10 Percent Cut in GSE Loan Limits? (Just a Thought) / Mulvaney Has Saved the CFPB $16 Million / New Rez Buys RPL Pool from Fannie / Directors for New Rez Earn How Much? / NYS Fines Nationstar (aka Mr. Cooper)

April 12, 2018
Paul Muolo and Yemeng Yang
With GSE reform all but dead, rumors about possible administrative changes abound...
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The Final Nail in the GSE Reform Coffin: Creation of the $3B Capital Buffer?

April 11, 2018
Paul Muolo
Fitch said the $3 billion reserve should be sufficient to cover income volatility during “the normal course of business, as seen when interest-rate volatility results in valuation adjustments within the GSEs’ derivative portfolios.”
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Short Takes: Rep. Waters Doesn’t Hold Back on Criticism of Mulvaney / Next Up: Sen. Warren (CFPB Founder) / When Bank LOs Make More than Their CEOs / G-Rate Steps Up LO Recruitment / Worrying About GSE Servicing Comp (Still)

April 11, 2018
Paul Muolo and Brandon Ivey
According to the consulting firm of Garrett, McAuley & Co., some mortgage loan officers at depositories earn at least four-times what their CEOs make...
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MountainView Selling $6B-Plus of Bulk Servicing Rights

April 10, 2018
Paul Muolo
The bulk portfolio has ultra-low delinquencies…
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MBS Trading Volume on the Rise in Early 2018

April 9, 2018
Paul Muolo
Demand for agency product remains strong, but the investor base is beginning to shift somewhat, said MBS Highway Principal Barry Habib...
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Phoenix Capital Selling Fannie/Freddie/Ginnie Bulk MSRs

April 9, 2018
Paul Muolo
The conventional portion is top heavy with New York loans…
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All Three Agencies Had a Trying First Quarter: MBS Issuance Down Almost 18 Percent

April 6, 2018
John Bancroft
But Freddie Mac’s 37.2 percent drop was the biggest, by far…
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