Mortgage-backed securities analysts are recommending that Ginnie Mae temporarily place VA cash-out refinance loans with high loan-to-value ratios in custom pools until the VA implements new rules to curb churning in cash-out refis.

Mortgage broker trade group introduces NAMB All-In. Genworth launches risk-based pricing engine. VA updates fee-cost schedule. Industry groups pressure Senate to confirm Trump nominee for GNMA.

Loans from 36 lenders will be included, led by Sprout Mortgage with a 43.3 percent share.

The FHFA’s annual report underscores the amount of cross-subsidy in g-fee pricing for low-score borrowers, loans with high LTVs and cash-out refinancing.

Federal Financial Analytics calculates the trigger will be pulled by mid-2019.

The nomination had been expected for several weeks now and paves the way – quite possibly –for limitations on GSE pilot programs, loan parameters and secondary market liquidity.

Based in Henderson, NV, Sprout is a correspondent lender.

James Fenkner says Calabria will be “constrained in his mission to dissolve Fannie and Freddie.”

NAMB is giving away free software...

Fannie and Freddie addressed that problem by beginning to structure CAS and STACR transactions as real estate mortgage investment conduits – which REITs can buy more freely.