Meanwhile, Fannie Mae and Freddie Mac accounted for 82.5 percent of all multifamily loans securitized in the first half…

Legal argument: If the FHFA is unconstitutional, then the net worth profit sweep must be…

Second-ranked JPMorgan Chase had a similarly disappointing quarter.

At June 30, Redwood held $5.5 billion of residential loans on its books, up 40.6 percent from a year ago.

But the bailout calculations – mandated under the Dodd-Frank Act Stress Tests – were not done by the FHFA.

Earlier this year, Treasury Secretary Steven Mnuchin told the Senate Banking Committee he has the authority to restructure Fannie and Freddie without any change in law.

In 2Q18, there was a huge increase in bulk Fannie MSR transfers…

Starwood is now directly sourcing loans from Impac and hasn’t tapped any other originators.

July is usually a good month for agency MBS issuance when the housing market is strong. In 2018, the fundamentals just weren’t there. Fannie Mae, Freddie Mac and Ginnie Mae guaranteed $101.39 billion of new single-family MBS last month, a disappointing 0.6 percent lower than in June. Purchase mortgages accounted for a substantial 74.4 percent of July issuance, although volume was up just 3.2 percent from June. The housing market ... [Includes two data charts]

Originators stranded with VA “orphan loans” that cannot be securitized in a Ginnie Mae MBS are finding temporary workarounds to deal with the problem, while maintaining hope for a potential solution from the government. However, few firms are holding their breath that Ginnie will come to the rescue, especially since the agency has maintained that only new legislation can solve the problem. The problem was caused by a quirk in a law aimed at preventing the churning of VA ...