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Home » Topics » Inside Mortgage Finance » GSEs

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More Potential Trouble for Lender-Paid Mortgage Insurance?

June 24, 2015
Paul Muolo
J.P. Wieske, legislative liaison and public information officers for the WIC, confirmed that the state has made an information request, but would not address content.
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With GSEs Making AU Systems Free, Mortgage Cooperatives May Face the Heat

June 24, 2015
Paul Muolo
“With the Fannie [Mae] discount gone, I’m not sure it’s worth staying a member,” said this executive, regarding the Lenders One cooperative...
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Aggregators Push Buyback Risk to Originators

June 23, 2015
George Brooks
And these very same aggregators have made demands of the retail funders they bought the loans from in the first place
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Surprise (Sort of): Fannie Mae Makes DU Free, Plans to Introduce New Loan Delivery System

June 23, 2015
Carisa Chappell
Early this month, when Freddie Mac made it automated systems free, Fannie said it would not follow in Freddie’s footsteps...
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Short Takes: More Relief from FHA? / Another Mortgage Co. Purchase by Blackstone? / MBA Less Bullish About 2016 / CFPB Unearths Dual-Tracking / A New Prez for Flagstar’s Mortgage Unit

June 23, 2015
Paul Muolo and Sherry Muolo
Apparently, the Blackstone Group recently closed on yet another mortgage company purchase...
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GSE Buybacks Slow, Most Cases End in Seller’s Favor

June 22, 2015
John Bancroft
A relatively small – even microscopic – percentage of loans securitized by Fannie Mae and Freddie Mac in the past three years have been subject to a repurchase demand, according to a new Inside Mortgage Trends analysis.
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GSEs Face Challenges and Risks, FHFA Report Shows

June 22, 2015
Carisa Chappell
Fannie Mae and Freddie Mac have made progress in improving their corporate governance structure and managing credit risk, but they still face significant headwinds, according to the FHFA’s annual report to Congress.
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Fannie Mae Planning a Dallas Downsize

June 22, 2015
Carisa Chappell
Fannie Mae is looking to reduce its footprint in the Dallas region as the number of mortgage delinquencies continues to decline. The GSE’s southwestern regional office at the International Plaza II includes more than 400,000 square feet of office space spread out among three buildings.
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Fannie and Freddie Buybacks Down Sharply in 1Q15

June 19, 2015
Fannie Mae and Freddie Mac both reported sharp declines in mortgage repurchases during the first quarter of 2015, according to a new Inside The GSEs analysis of public disclosures by the two. There was, however, a sharp increase in the volume of unresolved buyback demands. The GSEs reported a combined $491.3 million in mortgage repurchases during the first three months of 2015, a 30.8 percent decline from the fourth quarter of last year. It was also the lowest quarterly buyback figure since Fannie and Freddie began filing repurchase activity reports with the Securities and Exchange Commission back in early 2012. Fannie’s repurchase volume fell 45.8 percent from the previous quarter while Freddie’s was...
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Freddie Completes First NPL Auction for Smaller Investors

June 19, 2015
Freddie Mac announced its first non-performing loan auction that primarily caters to smaller investors was sold last week to Corona Asset Management XII, LLC. Freddie marketed the Extended Timeline Pool Offering of 157 deeply delinquent NPLs in April and it sold on June 3.The EXPO gives smaller investors who may need more time to secure funds for bidding a longer timeframe to do so.Having smaller pool sizes and a longer marketing timeframe differentiates the EXPO initiative from Freddie’s standard pool auctions. The loans were all based in Miami-Dade County, FL, and have an aggregate unpaid principal balance of $31 million. Freddie said the loans had been delinquent for close to four years on average.
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