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FHFA IG Sends Report on Watt’s Alleged Misconduct to President, Others

December 3, 2018
Paul Muolo
The specific nature of the allegations was not disclosed…
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Freddie Brings Conventional Financing to New Generation of Manufactured Homes

December 3, 2018
Dennis Hollier
Although the manufactured home industry is lobbying for chattel lending, Fannie Mae and Freddie Mac still require real property for collateral.
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FHFA Report Shows Little Deviation in Prepayment Speeds for Fannie and Freddie TBA Securities in 3Q18

November 30, 2018
Prepayment speeds for recently issued Fannie Mae and Freddie Mac MBS in the to-be-announced market were closely aligned during the third quarter, according to a new report from the Federal Housing Finance Agency.
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Retail Channel Posted Highest FICO Scores in 3Q18

November 30, 2018
John Bancroft
However, average debt-to-income ratios were all over the map…
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Bank ABS Holdings Slide Lower in 3Q18

November 30, 2018
John Bancroft
Bank investment in ABS backed by commercial and industrial loans grew by 30.6 percent from the midway point in the year.
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Seasonality and Higher Rates Spell Layoffs for Many

November 30, 2018
Paul Muolo
Mortgage recruiter Rick Glass: "Expenses are simply out of alignment. Many shops are telling me they have no more room."
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Conforming Loan Limits Increase 6.9% in 2019

November 30, 2018
The threshold for what constitutes a jumbo mortgage will increase by 6.9 percent in 2019 as the Federal Housing Finance Agency set new loan limits this week. The baseline conforming loan limit for the government-sponsored enterprises will increase to $484,350 from $453,100 in 2018, and for most high-cost areas, the limit will rise to $726,525 from $679,650. The FHFA annually adjusts loan limits for mortgages delivered to Fannie Mae and Freddie Mac based on its home price index ...
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MBA: Origination Profits Down 48.3 Percent from a Year Ago

November 29, 2018
Brandon Ivey
Lenders and their warehouse providers have been openly worrying about thinning profit margins for several quarters now with liquidity a primary concern.
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Short Takes: News Soon from Trump on the FHFA Job? / A Place-Holder / A Bright Spot, If You Can Find One / The Better Question Might Be: Who Isn’t Going Digital? / Upcoming: CFPB Advisory Board Meeting

November 29, 2018
Paul Muolo and Yemeng Yang
Joseph Otting would not be the permanent director but would be a place-holder until...
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Industry Has a Muted Reaction to High GSE Loan Limits. However…

November 28, 2018
Paul Muolo
Former MBA Chief Dave Stevens on the higher conforming loan limits: “For an industry led mostly by conservatives, this dependence on a socialized financial system is really ironic.”
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