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Inside The GSEs
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Short Takes: FHA in a Hiring Mode / CAIVRS, Old as Dirt? / Likening the GSEs to ‘The Blob’ And His Son / Level One Ponies up to the Mortgage Bar / MSR Auction from The Prestwick Group

July 12, 2018
Paul Muolo
One slide in the GSE presentation is entitled, “The Blob and the Return of the Blob,” a reference to the horror movie classics of the late 1950s…
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FHFA Worries About Unintended Consequences of California’s Tough New Privacy Law for Mortgages

July 12, 2018
The Federal Housing Finance Agency and mortgage lender groups are raising concerns about the new California data privacy law set to take effect in 2020, saying it doesn’t take into account the impact on mortgage lending.
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Supreme Court Takes Case on Fair Debt Collection Practices Act and Non-Judicial Mortgage Foreclosures

July 12, 2018
The U.S. Supreme Court is scheduled to hear a case that will determine whether non-judicial foreclosures are subject to protections provided by the Fair Debt Collection Practices Act. Lower courts have split on the issue, causing problems for servicers and borrowers.
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PMI Analysts Look at Fannie’s New MI Pilot, Wondering If It Poses a Threat

July 11, 2018
Paul Muolo
But there’s a catch for lenders: Originators will have to pay an additional loan-level price adjustment…
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Flagstar Hires Regions Bank Executive to Head Retail

July 10, 2018
Paul Muolo
In the first quarter of 2018, Flagstar funded $7.88 billion of home mortgages, just $960 million of which came through the retail channel...
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Agencies Leaning More on the ‘QM Patch’

July 9, 2018
John Bancroft
The share of high-DTI loans has continued to go up this year…
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Pershing Square Tells Investors to Have Faith in the GSEs (Really)

July 9, 2018
Paul Muolo
Pershing Square bought its stake in the GSEs earlier in the decade at prices north of $2.00 a share…
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On the Decline: Mortgage and Student Loan Complaints

July 9, 2018
Yemeng Yang
Gripes against Experian came in at 14,914 over the six-month period…
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Purchase Market Springs to Life in 2Q18, Freddie Regains Market Share

July 9, 2018
John Bancroft
The net result was a strong gain in Freddie’s share of the GSE market…
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Purchase Market Springs to Life In 2Q18; Freddie Regains Share

July 6, 2018
Freddie Mac saw a strong rebound in its single-family business during the second quarter following a sluggish start to the year. Freddie guaranteed $82.23 billion of single-family mortgage-backed securities during the second quarter, a romping 28.6 percent increase from the first three months of the year. The GSE produced just $63.93 billion of MBS in the first three months of 2018, its slackest quarter in almost four years. Fannie’s single-family business was off slightly in the second quarter as MBS issuance declined to $111.36 billion – its weakest output since the first three months of 2016. [Includes two data charts.]
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