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Obama’s Top GSE Advisor Michael Stegman Calls it a Day

March 23, 2016
Paul Muolo
“Look, it’s March of an election year. And it’s not like he was going to get a lot done," said one observer regarding Stegman's departure.
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Former Obama Officials and MBS Co-Inventor: Merge Fannie and Freddie

March 23, 2016
Paul Muolo
Merge Fannie and Freddie into one? Crazier things have been suggested...
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Fannie Mae and Freddie Mac Dominate – by Far – in Condo Financing

March 23, 2016
Brandon Ivey
The average loan amount on GSE condo mortgages in 2015 was $214,431.
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Are the GSEs Doing Enough to Support Manufactured Housing?

March 22, 2016
Carisa Chappell
One commenter said the GSEs should be required to purchase chattel loans that are “prudently underwritten with appropriate consumer protections.”
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Short Takes: W.J. Bradley Vendor Owed Money / The TRID Error Options Are… / loanDepot Teams Up with Avant / Loan Mods Slow / Primary Capital Hires SVP

March 22, 2016
Paul Muolo and Brandon Ivey
What does a depository do if it has a mortgage with a TRID error?
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FHFA Still Contemplating Mortgage Principal Reduction Plan; A Decision in 30 Days

March 22, 2016
Paul Muolo
Once again, the concept of "principal reductions" on Fannie, Freddie loans rears its ugly head.
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Due Diligence Firms Draft Proposal with Standardized Approach to Grading Mortgages Subject to TRID

March 21, 2016
Brandon Ivey
SFIG noted that the proposal won’t supplant the group’s efforts to pursue a resolution from the CFPB to uncertainty related to TRID exceptions.
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GSE Seller Buybacks Fall to Record Low in Late 2015

March 21, 2016
John Bancroft
The improved R&W framework has been a big plus for GSE sellers...
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Former Fannie Mae CFO Howard Criticizes Economics of GSE Risk-Sharing Deals

March 21, 2016
Carisa Chappell
Former Fannie CFO Howard said this leaves the government-controlled mortgage giant to pay about $7 billion over the next 10 years in premiums and hedging costs.
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$6.19 Billion of GSE Servicing Rights Hit the Auction Block

March 21, 2016
Paul Muolo
With rates rising of late, MSR pricing should firm up...
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