Caliber’s loans are generally underwritten to a full documentation standard for income, assets and employment.

HERA allows exceptions for the maximum conforming loan limits for “high cost areas.”

Arch Chief Economist DeFranco says despite lower sales, it’s still a seller’s market in most cities…

Making sure the MBS issued by the two GSEs perform identically, within narrow limits, is key to convincing traders…

A huge chunk of the fall-off in Fannie/Freddie MBS holdings occurred at Wells Fargo, which reduced its investment in these securities by $7.31 billion.

The implication is that banks – which seems to have excess capacity on their balance sheets – could simply hold conventional loans in portfolio…

According to a statement issued by Ocwen, while at Fannie Yanoti was responsible for developing the common securitization platform.

Cowen believes Mnuchin will survive the turbulence but notes the situation still poses a risk to Fannie Mae, Freddie Mac and the big banks…

In six weeks, Mel Watt will officially step down as director of the Federal Housing Finance Agency, a change that is ripe with ramifications for the secondary mortgage market, including speculation regarding lower loan limits for Fannie Mae and Freddie Mac.

Residential MBS holdings of commercial banks and savings institutions declined 0.7 percent during the third quarter, according to a new Inside MBS & ABS analysis of call-report data. [Includes two data charts.]