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Inside The GSEs
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A Sure Bet for the New FHFA Director: No More Fannie/Freddie Pilot Programs?

October 25, 2018
As the White House continues looking for the right candidate to head the Federal Housing Finance Agency, industry trade group officials and stakeholders have come to the conclusion that the days of new “pilot” programs for Fannie Mae and Freddie Mac may be over.
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New Residential Reports Strong 3Q18 Results, Bought $43B of MSR During the Period

October 25, 2018
Paul Muolo
The New York-based real estate investment trust has been on an MSR acquisition tear the past three years...
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Private MIs Push for More Transparency in GSE Pricing, Underwriting

October 25, 2018
John Bancroft
While the FHFA has proposed a formal rulemaking on GSE capital, the current standard known as the conservatorship capital framework has not been made public…
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The Final Tally for 3Q18 Originations: $435 Billion. Modest Declines Expected in the Quarters Ahead

October 25, 2018
John Bancroft
The mortgage market was somewhat more top-heavy in the third quarter, with the top 25 lenders accounting for 57.7 percent of total production…
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Short Takes: HUD Chief on GSE Reform / Carson’s Sober Take on Interest Rates / New Rez’s MSR Bet Paying Off? / In Love with a 4 Percent Mortgage / Incenter Executive Leaves for Blue Water

October 25, 2018
Paul Muolo
HUD Secretary Ben Carson had some sobering thoughts about low interest rates...
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Jumbo-Conforming Spread Closer than Perceived

October 24, 2018
Brandon Ivey
During the financial crisis, average interest rates on conforming mortgages were much lower than rates on jumbos…
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Industry Consultant Dave Lykken: Fourth Quarter will be a ‘Blood Bath’

October 24, 2018
Paul Muolo
Rick Roque, managing director of Menlo Company, sees tough times ahead as well...
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Trouble Brewing? FHA and VA Delinquencies on the Rise

October 24, 2018
John Bancroft
No wonder Ginnie Mae Acting President Michael Bright is nervous: Short-term default rates showed the biggest increases…
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Senate Banking Committee Hearing on GSE Pilots is Back On – Post Election

October 23, 2018
Paul Muolo
Cowen expects the next FHFA director to either terminate the GSE pilots or let them expire...
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Flagstar’s Originations Up Slightly in Third Quarter, GOS Takes a Hit

October 23, 2018
Brandon Ivey
Correspondent production accounted for 76.1 percent of Flagstar’s originations during the quarter...
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