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Fannie Looks to Simplify Borrower-Initiated Requests to Cancel Private MI Coverage

July 26, 2018
Fannie Mae recently announced plans to simplify its private mortgage insurance cancellation policy. In a letter that went out to lenders last week, the government-sponsored enterprise updated the different methods for verifying current property values.
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Short Takes: How Sweet a GSE Profit? / Put it in the ‘Lockbox’ / The Guessing Game on Watt’s Successor Continues / A Record for Guild Mortgage / A Big Quarter for Radian

July 26, 2018
Paul Muolo
Should Fannie/Freddie profits be put in a government lockbox?
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Short Takes: 25 Comments So Far on GSE Capital / Count Stegman and DeMarco Among Them / A FHFA Director Candidate? / China Changes Gears on U.S. RE / Large Georgia Bank Buys Florida Depository

July 25, 2018
Carisa Chappell and Paul Muolo
Among those weighing in on GSE capital: Michael Stegman, senior fellow at the Milken Institute, and former FHFA Acting Director Ed DeMarco...
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Freddie Official: Big Data and Advanced Analytics will Change the Business

July 25, 2018
Brandon Ivey
Chris Boyle, chief client officer at Freddie Mac: “I don’t know how half of you make money.”
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Concerns Resurface About GSE ‘Charter Creep’; MBA Gets Vocal

July 24, 2018
Paul Muolo
But AEI researchers weren’t the only ones throwing bombs…
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Congressionally Mandated Cap on GSE CEO Pay a Factor in Mayopoulos’ Departure at Fannie?

July 24, 2018
Paul Muolo
Fannie’s board soon will begin its search for a new CEO – a position that will need the blessing of its largest shareholder, the U.S. Treasury Department.
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FHFA Says No Decision in 2018 Regarding Updating Credit Score Models

July 24, 2018
Carisa Chappell
After two years of work, the FHFA throws the idea out the window...
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Short Takes: Academy Mortgage Says It’s Not for Sale / Living on $600,000 Per Year in the Washington, DC, Area / Don Layton? / FHFA and Treasury Must Sign Off / Fannie’s Top Earners

July 24, 2018
Paul Muolo
Among Fannie’s top five executives, all earn more money per year than Mayopoulos...
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Industry Not Surprised by Mayopoulos’ Departure at Fannie; His #2 Makes Five Times What He Earns

July 24, 2018
Paul Muolo
Fannie’s board soon will begin its search for a new CEO – a position that will need the blessing of its largest shareholder, the U.S. Treasury Department.
Read More

Nonbanks Continue Gaining Share in GSE Servicing Business

July 23, 2018
John Bancroft
The top grower in the nonbank world was Freedom Mortgage, which upped its GSE servicing by $19.36 billion, 29.7 percent…
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