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MIAC Auctioning Off $908 Million Fannie/Freddie Portfolio

November 19, 2014
Paul Muolo
With roughly six weeks left in 2014, some mortgage firms are rushing to sell MSRs as a way to bolster fourth quarter profits.
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Short Takes: Any G-Fee News? No / Keeping an Eye on MSR Sales / Why Realtors Will Live Forever / California Home Sales Nothing Special / Jeb Will be Back, Hensarling At Least

November 19, 2014
George Brooks, Paul Muolo, and Charles Wisniowski
After a servicing sale closes, the GSEs must monitor each transaction to make sure the transfer of receivables took place in a timely manner and more…
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Fannie Continues to Loosen Rules; 990 Days for a Foreclosure in New York

November 18, 2014
Paul Muolo
Fannie Mae recently loosened its credit standards on condominium loans. What's next?
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FHFA: Extensive ‘Testing’ Underway at Common Securitization Platform

November 18, 2014
Charles Wisniowski
In 2015, the team at the GSE common securitization platform will focus on implementation of the remaining software components...
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Short Takes: Obama Won’t Give Up on Killing the GSEs / Redwood Sells Debt / More Ocwen Customer Complaints / Carrington Bolts ARMs / The Return of Mike Baldwin

November 18, 2014
Brandon Ivey and Paul Muolo
Republicans have never been big fans of the GSEs and there’s plenty of Democrats who aren’t so sure about the government “guaranty” as well...
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Brokers and Correspondents Key Players in 3Q MBS Surge

November 17, 2014
John Bancroft
Although Wells Fargo officially exited the broker market two years ago, it apparently still does a tiny amount of business through the channel.
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FHFA’s Watt Testifies Before Senate Panel This Week; FHLB Membership a Key Topic?

November 17, 2014
Charles Wisniowski
The senate panel is expected to ask questions on guaranty fees and the common securitization platform as well.
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MSR Deals Keep Coming; A $1.2 Billion Flow Deal From Phoenix

November 17, 2014
Paul Muolo
MIAC is out with a new $73 million Fannie package and MountainView and The Prestwick Group are working on transactions as well.
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Short Takes: Former FHFA Chief Blasts Mortgage Industry / Who’s Behind the HIC? / More Relief From FHA / Ocwen’s Stock Recovers Slightly / Venable Hires Ex-Hensarling Staffer

November 17, 2014
Paul Muolo and Charles Wisniowski
So, which groups are behind the "housing-industrial complex"? DeMarco isn't naming names...
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Fannie, Freddie MBS Portfolios Will Continue Shrinking Following Profitable Third Quarter

November 14, 2014
Fannie Mae and Freddie Mac continued to trim their retained holdings of MBS and unsecuritized mortgages in keeping with their conservatorship mandate as the two government-sponsored enterprises each posted a profit during the third quarter of 2014. The two GSEs ended September with a combined $851.71 billion in mortgage-related holdings, down 2.4 percent from the previous quarter. Compared to a year ago, their combined mortgage portfolio was down 16.0 percent and down 46.5 percent from the $1.592 trillion the two firms held in the fourth quarter of 2008 shortly after being placed in government conservatorship. One of the conditions of the conservatorship the GSEs entered six years ago was...[Includes one data chart]
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