Agency MBS Production Up Again in August. For Purchase Business, a Post-Crisis High September 6, 2018 John Bancroft August often sets the high-water mark for annual purchase-loan business for the agencies…Read More
29 Trade Groups and Organizations Ask White House and Congress to ‘Cement’ GSE Progress September 5, 2018 Paul Muolo The letter – signed by trade groups both large and small – comes a day before the 10th anniversary of the federal takeover of Fannie and Freddie... Read More
Blackstone Hires Former Clayton Chief to Head TORO Unit September 5, 2018 Paul Muolo Blackstone TORO likes to buy non-QM products...Read More
Short Takes: That Was Then, This is Now (Fannie/Freddie) / Not Much Traction / Invitation Homes’ SFR Portfolio: 80,000 Rentals / Former FHFA Chief Nominated by Trump / A New Hire for Pavaso September 5, 2018 Paul Muolo Since 2012, Fannie and Freddie have been minting money...Read More
GSE Buybacks Declined in 2Q18, but Pipeline of Pending Demands Grew September 4, 2018 John Bancroft Only a trace amount – 0.5 percent – of unresolved buyback cases were related to loans purchased by the GSEs before 2009.Read More
Trades Working on a ‘Don’t Do Anything Rash’ GSE Letter to Treasury September 4, 2018 Paul Muolo There’s a growing concern about a potential reduction in GSE loan limits…Read More
Lower GSE-Eligible Share in Latest Prime Non-Agency MBS from Flagstar August 31, 2018 Brandon Ivey All of the loans in the deal were originated by Flagstar...Read More
Competition for Jumbos Squeezing Margins August 31, 2018 Brandon Ivey John Anzalone of Invesco Mortgage: “In particular, there are a few very aggressive large buyers out there that get a lot of attention and have caused quite a bit of spread compression…”Read More
What We’re Hearing: Fannie and Freddie, 10 Years Gone / Betting on Two Stocks for Retirement / MBA Weighs In / Housing is Elemental / Meanwhile, Back at the Ranch, An Industry Grows Concerned August 31, 2018 Paul Muolo Meanwhile, a dozen or so mortgage, housing and consumer groups are putting the final touches on a new letter to Treasury Secretary Steven Mnuchin...Read More
Short Takes: A ‘Significantly’ Less Liquid Secondary Mortgage Market? / In Five Years the GSE Loan Limit Would be Zero (for Example) / Origination Capacity Remains Elevated / Fannie Exec Joins RoundPoint August 29, 2018 Brandon Ivey and Paul Muolo Origination capacity in the mortgage industry remains “elevated,” according to a new report from PiperJaffray. Read More
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