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House Panel May Take Up GSE Reform After All

June 29, 2017
Carisa Chappell
Rep. Luetkemeyer stresses that housing finance reform is a “very difficult” issue…
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Ginnie Mae is Now Number Two in MBS Outstanding, but Nonbanks Aren’t Exactly Lining Up to Get Approved

June 29, 2017
Paul Muolo
New applications from issuer-wannabees is at the lowest point in nearly eight years, the agency estimates.
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Angel Oak Set to Issue its Largest Nonprime MBS Deal to Date

June 29, 2017
Brandon Ivey
It’s the fourth trip to the nonprime MBS well for Angel Oak…
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Short Takes: Sen. Crapo: Recap & Release is Not a Solution / MBA Chimes In as Well / FHFA Holds Forum on SFR. Means What? / From Troy to Pontiac for UWM / SoFi’s Big Mortgage Idea

June 29, 2017
Carisa Chappell and Paul Muolo
Maybe GSE 'recap and release' is DOA?
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On the Senate Banking Committee a Consensus for GSE Reform: An Explicit MBS Guaranty is Needed

June 29, 2017
John Bancroft
Committee Chairman Mike Crapo, R-ID, listed maintaining the TBA market and the 30-year fixed-rate mortgage among his important principles for reform…
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NAR Asks FHFA to Allow GSEs to Build Capital; Treasury and Panels Get CC’d

June 28, 2017
Paul Muolo
Under NAR's plan, a portion of GSE profits would be deposited into a liquidity fund controlled by the FHFA.
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Credit Suisse Resuming Non-Agency MBS Issuance, Prepares Deal Backed by Re-performers

June 28, 2017
Brandon Ivey
The firms originating the collateral backing the MBS were not identified.
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Short Takes: Uncle Sam will be $5B Richer on Friday (GSE Money) / Zilch for the Others / Break Up Fannie and Freddie? / Something to Ponder / A Promotion at Guild Mortgage

June 28, 2017
Paul Muolo
Meanwhile, holders of the GSE junior preferred stock receive nothing from Fannie and Freddie in terms of dividends.
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Captive Insurers (REITs) Would Stay in the FHLB System if House Bill Becomes Law

June 27, 2017
Carisa Chappell
If the bill becomes law, REITs that gained access to low-cost FHLB advances would get a reprieve.
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Poll: Industry Wants Fannie and Freddie Preserved with ‘Existing Operations’

June 27, 2017
Paul Muolo
Just 18 percent of respondents said they do not want the GSEs preserved in their current state...
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