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GSE Patch Bolsters Market Share for Fannie/ Freddie

January 11, 2019
In a report released late Thursday, the Consumer Financial Protection Bureau mulled over the future of the so-called “GSE patch,” which exempts qualified mortgages at Fannie Mae and Freddie Mac from the CFPB rules limiting debt-to-income ratios to 43 percent.
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CFPB Report Raises Questions about Non-QMs, DTIs, Servicing and More

January 11, 2019
Brandon Ivey and Yemeng Yang
The CFPB determined the ATR rule has reduced lending to some extent to borrowers with high debt-to-income ratios…
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Non-Agency MBS Issuance Faded in Fourth Quarter

January 11, 2019
John Bancroft
The ECM sector was one of the few that recorded MBS production gains during the fourth quarter…
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What Michael Bright’s Resignation Might Mean for GSE Reform

January 11, 2019
Paul Muolo
The odds of GSE “recap and release” becoming a reality just went down…
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What We're Hearing: The Otting Era Commences / Waiting on the Senate (It Didn’t Work for Michael Bright) / 11 Days In and All Shook Up / HFSC Chair Worries about Furloughed Workers and Delinquencies / Keep an Eye on Jan. 15 / The Milken Institute Weighs i

January 11, 2019
Paul Muolo
We’re just 11 days into the new year and already things are getting interesting in the mortgage industry...
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Private MI Volume Slumped in 4Q18 Fannie/Freddie MBS

January 10, 2019
John Bancroft
Fannie and Freddie securitized $66.89 billion of single-family loans with private MI coverage during the fourth quarter…
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Angel Oak Expects Sustained Non-QM Growth in 2019

January 9, 2019
Brandon Ivey
The non-QM market is booming, said Angel Oak executive Tom Hutchens…
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Short Takes: UWM Removes LLPAs on Certain Loans / New Mortgage Applications Come Roaring Back / Tempering Optimism with a Government Shutdown / Seterus’ Leslie Peeler? / Complaints Registered

January 9, 2019
Paul Muolo
Four years ago, Leslie Peeler, the Fannie Mae senior vice president in charge of the GSE’s servicing decisions, left the mortgage giant for Seterus.
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The Final Ginnie Mae Issue Tally for 2018: $388 Billion

January 8, 2019
George Brooks
Feeding the decline was an 18.8 percent sequential drop in VA purchase loans…
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Short Takes: $249 Million in Mortgage Payments at Risk? / Will Trump Order Fannie and Freddie to Stand Down? / Assessing Mark Calabria / Lovell Buys ATTOM / LoanLogics Hires Mortgage Tech Vet

January 8, 2019
Namrata Bhatia, Brandon Ivey, and Paul Muolo
Overwhelmingly, industry analysts expect Mark Calabria to shake things up at the Federal Housing Finance Agency – that is, once he’s approved by the full Senate.
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