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Arch Continues Re-Insurance Transactions Started by UG; New Issuance the First to Receive a Rating

October 18, 2017
Brandon Ivey
Mortgages delivered to the GSEs with an unpaid principal balance of $29.30 billion are included in the transaction.
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Short Takes: The Little Guy Gets a G-Fee Break / A Coming Spike in G-Fees? / More Financial Maneuvers by Radian / A Hot Streak for Non-Agency Prime MBS / A Stock Market Crash Warning from Treasury Secretary Mnuchin

October 18, 2017
Paul Muolo and Brandon Ivey
Might this suggest that g-fees charges could spike next year when zero hour comes?
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Ranked No. 442 as an Originator, Fintech Firm Corrals $457 Million in Financial Commitments

October 17, 2017
Paul Muolo
Formed in 2014, LH originated $598 million in 2016, ranking 442nd overall, according to Home Mortgage Disclosure Act figures compiled by Inside Mortgage Finance.
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MIAC Sets Auction for Fannie Mae MSR Portfolio

October 16, 2017
Paul Muolo
The seller of the MSR package focuses on the California market...
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What We’re Hearing: FHFA Chief Has a ‘Number of Options’ on Zero Capital / Is That a ‘Hard’ Deadline? / Once Tax Reform is Done, Next Up: the GSEs / Can HUD Secretary Carson Get the IG to Back Off on the FCA? / Ocwen Kills Wholesale. Meaning?

October 13, 2017
Paul Muolo
Meanwhile, one detail about the capital buffer falling to zero remains unclear: On Jan. 1 will every single penny of the $600 million (at each) be carted away?
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GSEs Continue Adapting Seller Requirements to Conform with HMDA Changes

October 12, 2017
Thomas Ressler
Fannie and Freddie continue to tweak their systems and processes to accommodate the new mandates, which kick in January 1…
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Short Takes: Residential Production Plunges at Citi / MSR Holdings Down Too / But a Nice Profit for 3Q17 / JPMorgan Readies New Non-Agency MBS / Ocwen Exiting Wholesale Channel / Fannie Announces New NPL Auctions

October 12, 2017
Paul Muolo and Brandon Ivey
Citi’s third-party servicing portfolio is down to $49.1 billion from $147.6 billion at Sept. 30, 2016...
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The GSEs Should Report Robust Earnings for 3Q17. Here’s Why…

October 11, 2017
Paul Muolo
A previously announced legal settlement with Royal Bank of Scotland will soon hit the books...
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Fannie MH Pilot Program Could Boost This Niche Market

October 11, 2017
Carisa Chappell
While the pilot is limited to New Hampshire home buyers, Fannie thinks the pilot could open the door to other states doing something similar…
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GSEs Unaffected by Deloitte’s Computer Break-In

October 11, 2017
Paul Muolo
A Freddie spokesman noted: “We take cyber-security seriously as it relates to every aspect of our business.”
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