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Inside The GSEs
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More GSE-Eligible Loans in MBS from Chase

August 24, 2018
The latest non-agency mortgage-backed security from JPMorgan Chase will include a higher share of conforming mortgages than the previous issuance from the firm. Chase is preparing to issue a $999.0 million MBS, according to presale reports from DBRS, Fitch Ratings and Moody’s Investors Service. Mortgages eligible for sale to the government-sponsored enterprises account for 65.1 percent of the collateral, amounting to $650.3 million. GSE-eligible mortgages ...
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Freddie Mac Announces a $1.45 Billion SLST Deal

August 23, 2018
Yemeng Yang
Freddie Mac Tuesday afternoon announced an approximate $1.45 billion Seasoned Loans Structured Transaction of a pool of seasoned reperforming loans, the largest SLST deal of this year...
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Subservicing Growth Continues to Slow. M&A Ahead?

August 22, 2018
Paul Muolo
Cenlar and Dovenmuehle, which rank first and second, respectively, experienced slow growth during the period…
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FHFA Pulls the Plug on Fannie and Freddie Funding Corporate SFR

August 22, 2018
Carisa Chappell
Fannie Mae came under heavy criticism from certain elected officials and affordable housing advocates for extending $1 billion in financing to Invitation Home Loans, an SFR operator that’s publicly traded.
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Watt’s Accuser Sues FHFA, Wants $1 Million in Damages for Pay Discrimination

August 22, 2018
Paul Muolo
Grimes, in her complaint, is asking for a permanent injunction enjoining the FHFA from “paying female employees lower compensation than their male” counterparts for performing equal work…
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California Remains a Rich Market for Loan Officers

August 22, 2018
John Bancroft
Overall, California has 99,781 licensed and registered mortgage LOs, far more than any other state…
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Washington State Tightens Servicing Rules. More States to Follow

August 21, 2018
Yemeng Yang
In Washington mortgage servicers must now maintain recorded telephone conversations with consumers for three years after the date of the call…
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Cal Realtors Ask FHFA for Immediate Halt to GSE Financing of SFR

August 21, 2018
Paul Muolo
Certain SFR operators have been criticized for gobbling up thousands of properties for corporate ownership, thus removing these units from the inventory of homes available for sale.
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Watt’s Accuser Sues FHFA, Alleges Pay Discrimination, Wants $1 Million in Damages

August 21, 2018
Paul Muolo
When bonuses and benefits are factored in, Grimes says the pay disparity totals $100,000 per year...
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GSE Sellers Continued to Stretch the Credit Box (Incrementally) in 2Q18

August 20, 2018
John Bancroft
A year ago, just 12.1 percent of new purchase loans fell into the highest-risk category…
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