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Senate Banking Committee Hearing Likely to Touch on Freddie Mac MSR-Financing Pilot

October 8, 2018
Paul Muolo
In his report, KBW analyst Bose George said, “While Mel Watt, director of the FHFA, was questioned about some of these issues in past congressional hearings, this will be the first hearing to focus exclusively on this topic.”
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Fannie Names Former Berkshire Hathaway Executive Hugh Frater Interim CEO

October 8, 2018
Paul Muolo
Frater was also executive vice president at PNC Financial Services...
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GSEs on Track to Start Issuing Single Security in June, Additional Guidance Pending from SIFMA and IRS

October 5, 2018
Years of preparation for single security issuance by Fannie Mae and Freddie Mac appear to be paying off as officials involved in the effort suggest that the government-sponsored enterprises and industry participants appear ready for the transition.
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Fannie Mae, Freddie Mac Shareholders Finally Get a Modest Win in Case Against Treasury Sweep

October 5, 2018
Fannie Mae and Freddie Mac shareholders received a bit of good news late last week when a judge sided with them on one of their arguments against the government.
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Senate Hearing Scheduled to Focus on GSE Pilot Programs Oversight

October 5, 2018
Carisa Chappell
It appears that the Senate is ready to tackle industry complaints about Fannie Mae and Freddie Mac pilot programs. The Senate Banking Housing and Urban Affairs Committee announced this week that they will hold a hearing on Oct. 18 to discuss the oversight of pilot programs at the government-sponsored enterprises. …
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Refi Market Continued to Slip in 3Q18, but Purchases Lift Fannie/Freddie Business

October 4, 2018
John Bancroft
Purchase mortgages accounted for 71.4 percent of third-quarter GSE business…
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MI Firms See No Problems Meeting New PMIER Goals

October 4, 2018
Carisa Chappell
MI analysts agree that other than a few tweaks, the new PMIER requirements aren’t terribly different than the original proposal…
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SFR REIT Reven Inks $51.3 Million LOC from Arbor

October 4, 2018
Paul Muolo
A few months back, the Federal Housing Finance Agency ordered Fannie Me and Freddie to end their involvement in SFR financial arrangements. However, any deals in progress were allowed to close...
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Short Takes: Freddie the Final Takeout on SFR Deal / Helping Reven / Gateway Mortgage Recruiting / Sen. Warren Questions Mulvaney’s Role in Fundraiser / A Promotion at Fannie Mae

October 4, 2018
Paul Muolo and Yemeng Yang
Gateway Mortgage of Oklahoma is in a hiring mode these days...
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Refinance Market Continued to Slip in 3Q18, But Purchase Mortgages Lift Fannie/Freddie Business

October 4, 2018
Fannie Mae and Freddie Mac turned in a solid gain in single-family production during the third quarter of 2018, according to an exclusive ranking and analysis by Inside Mortgage Finance. The two government-sponsored enterprises issued $213.81 billion of new single-family mortgage-backed securities during the third quarter, a solid 10.4 percent increase from the previous three-month period. At $592.02 billion in production through the first nine months of ... [Includes three data charts]
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