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Fannie and Freddie: A Tale of Two Different G-Fees

November 11, 2015
John Bancroft
Fannie and Freddie passed through of $661 million of g-fee money in the third quarter, up 4.6 percent from 2Q...
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SFIG Unveils New ‘Green Paper’ on Non-Agency MBS

November 11, 2015
Brandon Ivey
One of the new model reps addresses the Consumer Financial Protection Bureau’s ability to repay rule and standards for qualified mortgages.
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Five Oaks Takes Small Loss in 3Q, Runs into Delays on FHLBank Funding

November 10, 2015
Brandon Ivey
Five Oaks is approved to borrow up to $500 million in FHLBank advances.
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Short Takes: Goldman and Fortress Win the Bid for Fannie NPLs / It’s Hard Out There for a Mortgage REIT / UG Gets Good Grade on Security / InterLinc Mortgage Hires Former Envoy Executive

November 10, 2015
Paul Muolo and Carisa Chappell
The nation’s largest mortgage investing REIT, Annaly Capital Management, reported a $627 million loss in the third quarter compared to a $900 million profit in 2Q.
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Freddie Mac Launches Another $1B-Plus NPL Auction; Plenty of Product Left in the Well

November 9, 2015
Paul Muolo
According to Freddie’s recent 10-Q filing, the GSE has plenty of NPLs left to sell.
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Short Takes: loanDepot Moving Closer to IPO? / Garrett Suggests a ‘Reverse’ Merger for Stonegate / Revenue Falls Off the Table at Altisource Asset Management / Nationstar in Servicing-Released Option for MPF

November 9, 2015
Paul Muolo
Maybe a "reverse" merger might work for Stonegate Mortgage...
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Redwood Preparing to Issue Unique Jumbo MBS with Loans from UBS Bank

November 9, 2015
Brandon Ivey
KBRA noted that this will be the first post-crisis deal to include a significant contribution of mortgages from UBS Bank.
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October Tally: A Slowdown in Fannie Mae, Freddie Mac Securitizations

November 9, 2015
John Bancroft
Wells Fargo once again ranked first among all GSE sellers with a market share of 15.3 percent in October, almost triple that of the number two ranked Quicken Loans.
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Agency MBS Issuance Declined in October Despite Modest Refi Rally

November 6, 2015
John Bancroft
Fannie Mae, Freddie Mac and Ginnie Mae issued $107.19 billion of single-family MBS last month, a 5.6 percent decline from September’s volume.
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Agency MBS Issuance Declined in October Despite Modest Rally in Refinance Activity

November 6, 2015
New agency issuance of single-family MBS declined in October as a result of a slowdown in the purchase-mortgage market, according to a new Inside MBS & ABS analysis and ranking. Fannie Mae, Freddie Mac and Ginnie Mae issued a total of $107.19 billion of single-family MBS last month, a 5.6 percent slip from September’s volume. The flow of purchase mortgages securitized by the three agencies was down 9.6 percent for the month, while refinance volume was up 2.6 percent in October. Some of the strength in refi activity is...[Includes two data tables]
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