Harassment complaints filed against Federal Housing Finance Agency Director Mel Watt took center stage during a House Financial Services Committee hearing late this week in which his accuser testified that the agency, along with its inspector general, treated her unfairly. Simone Grimes began her career at the FHFA in 2010 and became a special advisor in 2015. She complained that she was not given the same benefits as her predecessor in this temporary role and was advised that Watt would ...
Thanks to strong MBS issuance and a favorable interest-rate picture, Fannie Mae and Freddie Mac are likely to post robust results for the third quarter, topping their earnings from the previous period, according to a new analysis from Inside MBS & ABS. Based on single-family MBS issued in July and August, Freddie likely will end the third quarter with issuance north of $83.1 billion, compared to $82.3 billion in 2Q18. Fannie is on track to issue $135.0 billion in securities, compared to $111.6 billion in ...
The overall mortgage securitization fell sharply in the second quarter of 2018 as Fannie Mae and Freddie Mac MBS issuance failed to keep pace with a surge in conventional-conforming mortgage originations in the primary market. During the second quarter, just 65.8 percent of newly originated mortgages were pooled in MBS, down from 71.7 percent in the first three months of the year and a 70.3 percent rate for all of 2017, according to a new Inside MBS ... [Includes one data chart]
The Federal Housing Finance Agency could do a better job at utilizing the information it gets from Fannie Mae and Freddie Mac fraud reports, according to the agency’s Office of Inspector General.
However, bankers and advisors who ply their trade in the MSR market have told Inside Mortgage Finance there is adequate financing available to nonbanks.
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