Cowen & Co. recently updated its forecast on GSE reform passing this year, slashing the odds to just 10 percent.

The Federal Housing Finance Agency announced plans to officially launch the “common” uniform mortgage-backed security collateralized by Fannie Mae and Freddie Mac loans on June 3, 2019. The regulator confirmed the exact date this week after previously only revealing the common security would be issued in the second quarter of 2019. The new UMBS will replace the current offerings of to-be-announced-eligible MBS and will be issued through Common Securitization Solutions, a joint venture equally owned by Fannie and Freddie. The Bethesda, MD-based CSS has been working on the project for several years now at a cost of hundreds of millions of dollars.

Charges were also filed against Paul Menefee, the former head banker of Barclays’ subprime MBS unit...

The FHFA noted that the GSE NPL auctions are open to any qualified bidder…

The megabanks and some top ranked nonbanks rely heavily on correspondent purchases to gather FHA and VA loans…

Wells Fargo and JPMorgan Chase are among the megabanks driving SRP pricing…

FHFA Director Mel Watt is urging the mortgage industry “to get ready now to ensure smooth, successful implementation.”

It’s not as though some Congressman or Senator is about to introduce consensus GSE legislation...

The top three reverse lenders in 2017 were American Advisors Group, Reverse Mortgage Funding and One Reverse Mortgage…

The weighted average credit score is 701 and average LTV is 76.8 percent...