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Senators Showing Housing-Finance Reform Bill to a Select Few as Policymakers Eye Pending Erosion of GSE Capital

November 30, 2017
As the calendar winds down on 2017, staffers for Sens. Robert Corker, R-TN, and Mark Warner, D-VA, are busy working on housing-finance reform legislation, showing their progress, thus far, to a small group of industry insiders, Inside Mortgage Finance has learned.
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Banks and Residential MBS – the Love Affair Continued in 3Q17

November 29, 2017
John Bancroft
Some $25.94 billion of the industry-wide increase was booked by the three largest bank MBS investors…
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Short Takes: Watt and Treasury, is there a Deal? / GSE MBS Investors May Want More Yield / FGMC Cuts Staff / PIMCO, the Owner / Senate Banking Clears Montgomery for the FHA Job

November 29, 2017
George Brooks and Paul Muolo
Come Jan. 1, rates may spike thanks to zero GSE capital...
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Fannie/Freddie Loan Limit for 2018 Increases by 6.8 Percent to $453,100. High-Cost Limit Hits $679,650

November 28, 2017
Brandon Ivey
In high-cost areas, the GSE loan limit will increase to $679,650...
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A 40-Page GSE ‘Draft’ Bill is Circulating in the Senate

November 21, 2017
Paul Muolo
As press time, details were sketchy, but lobbyists who claim to have knowledge of the draft caution there are several “different pieces” to the measure...
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Phoenix Announces Two ‘Flow’ MSR Auctions

November 20, 2017
Paul Muolo
The Fannie/Freddie receivables would come primarily from California, Florida and Texas.
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GSE Sellers Take Baby Steps on Risk – but at a Glacial Pace

November 20, 2017
John Bancroft
This most-risky bucket accounted for just 2.6 percent of refi business in the third quarter...
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PHH Hires Former Freddie Mac Executive, CSS Consultant Celini as SVP

November 20, 2017
Paul Muolo
Celini also worked for Sun National and Ally Bank, formerly known as GMAC Bank…
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Short Takes: Still Hiring: Nonprime Lenders / Wiped Clean; Franklin Codel’s LinkedIn Profile / HUD Gives $5B in Hurricane Aid to Texas / Freedom Mortgage Shines / A Rare MBS from AMIPM

November 20, 2017
Brandon Ivey and Paul Muolo
Franklin Codel's LinkedIn profile had been wiped clean...
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FHFA Approves GSE Re-Entry into LIHTC Market, With Limitations

November 17, 2017
After being absent for about 10 years, Fannie Mae and Freddie Mac will re-enter the low-income housing tax credit market to support affordable rental housing, the Federal Housing Finance Agency announced late this week. But the GSEs’ market share will be capped so they’re not in direct competition with the private market, and their investments must meet certain requirements. Fannie and Freddie will have an annual investment limit of $500 million, which translates to less than a 5 percent market share for each, according to the FHFA. Moreover, any investments more than $300 million during any year must be in areas that have been identified by the FHFA as markets that have difficulty attracting investors.
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