Short Takes: Disappointing Home Sale Numbers? Blame ‘The Donald’ and Bernie / Who Owned W.J. Bradley? / Fast Growing: Ginnie Mae Servicing / Impac’s R&W Numbers / Software Firm Hires Banker March 24, 2016 Paul Muolo Don't like the housing sales figures? Blame Trump and Bernie...Read More
Obama’s Top GSE Advisor Michael Stegman Calls it a Day March 23, 2016 Paul Muolo “Look, it’s March of an election year. And it’s not like he was going to get a lot done," said one observer regarding Stegman's departure.Read More
Fannie Mae and Freddie Mac Dominate – by Far – in Condo Financing March 23, 2016 Brandon Ivey The average loan amount on GSE condo mortgages in 2015 was $214,431.Read More
Former Obama Officials and MBS Co-Inventor: Merge Fannie and Freddie March 23, 2016 Paul Muolo Merge Fannie and Freddie into one? Crazier things have been suggested...Read More
Are the GSEs Doing Enough to Support Manufactured Housing? March 22, 2016 Carisa Chappell One commenter said the GSEs should be required to purchase chattel loans that are “prudently underwritten with appropriate consumer protections.” Read More
FHFA Still Contemplating Mortgage Principal Reduction Plan; A Decision in 30 Days March 22, 2016 Paul Muolo Once again, the concept of "principal reductions" on Fannie, Freddie loans rears its ugly head.Read More
Short Takes: W.J. Bradley Vendor Owed Money / The TRID Error Options Are… / loanDepot Teams Up with Avant / Loan Mods Slow / Primary Capital Hires SVP March 22, 2016 Brandon Ivey and Paul Muolo What does a depository do if it has a mortgage with a TRID error?Read More
GSE Seller Buybacks Fall to Record Low in Late 2015 March 21, 2016 John Bancroft The improved R&W framework has been a big plus for GSE sellers...Read More
Due Diligence Firms Draft Proposal with Standardized Approach to Grading Mortgages Subject to TRID March 21, 2016 Brandon Ivey SFIG noted that the proposal won’t supplant the group’s efforts to pursue a resolution from the CFPB to uncertainty related to TRID exceptions.Read More
Former Fannie Mae CFO Howard Criticizes Economics of GSE Risk-Sharing Deals March 21, 2016 Carisa Chappell Former Fannie CFO Howard said this leaves the government-controlled mortgage giant to pay about $7 billion over the next 10 years in premiums and hedging costs.Read More