Latest Nonprime MBS from Lone Star (Caliber) Stocked with Purchase Mortgages, FRMs September 6, 2018 Brandon Ivey The weighted-average coupon is 6.50 percent.Read More
Freddie CEO Don Layton Announces His Retirement. (Good Luck Finding a Successor) September 6, 2018 Paul Muolo Finding a suitable candidate could prove difficult because of a $600,000 salary cap placed on the position by Congress back in 2015. Read More
In His Waning Days as HFSC Chairman, Hensarling Introduces New GSE Reform Bill. (Yes, Really) September 6, 2018 Paul Muolo One housing lobbyist dismissed the bill as misguided, adding: “This is like someone laying on their death bed after drinking and sinning and finally realizing they need to get baptized.”Read More
Short Takes: Jeb, Tell Us What You Really Think About Fannie and Freddie / AIG’s New Jumbo MBS / Judge Kavanaugh and the CFPB / Elusive Indeed / A Promotion at Freddie September 6, 2018 Brandon Ivey, Paul Muolo, and Yemeng Yang Never one to mask his complete disdain for Fannie Mae and Freddie Mac, Rep. Jeb Hensarling let it rip...Read More
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
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