Mortgages for self-employed borrowers look to be an area of growth for non-agency lenders. Embrace Home Loans and Truss Financial Group introduced separate products for self-employed borrowers recently. Embrace said its “beyond” products will provide finance to borrowers that other lenders have denied. “Beyond is our program that offers financing solutions for borrowers who don’t easily fit into the guidelines for conventional mortgages,” the lender said. “They call it ...

First-time buyers continue to fight the challenges of rising house prices, higher interest rates and depleted inventory…

The Federal Housing Finance Agency said it is most concerned about whether the government-sponsored enterprises are resilient and able to quickly recover from a disaster. In the agency’s annual report to Congress released last week, the regulator listed a number of management and supervisory concerns spotted by FHFA examiners in 2017.

During the first quarter, the average credit score at Fannie Mae was 741.15, slightly below the average 744.73 at Freddie Mac.

However, Freddie still has some catching up to do to reach the 40.2 percent GSE share it had last year.

Freddie Mac posted a big increase in its single-family mortgage-backed securities activity in April, reclaiming some market share from Fannie Mae, according to a new Inside The GSEs analysis of MBS disclosure data. Freddie issued $26.08 billion of single-family securities last month, a hefty 22.9 percent jump from March. [Includes two data charts.]

The Federal Housing Finance Agency went into more detail this week about the steps it is taking to make sure Fannie Mae and Freddie Mac prepayment rates are fairly congruent. And when the difference between the GSEs’ prepayment rates spreads beyond two percentage points, it must be reported to the FHFA’s Single Security Governance Committee for an explanation and remedial actions.

The biggest factor in the small uptick was the significant growth in the two largest ABS portfolios in the industry...

Federal Housing Finance Agency Director Mel Watt said one of the challenges of being in a decade-long conservatorship is the inability to make strategic decisions on everyday operations. And it doesn’t look like that problem will be solved anytime soon. During a Senate Committee on Banking, Housing and Urban Affairs hearing this week, he said the decision to relocate Fannie Mae’s headquarters is an example of trying to make decisions for the GSEs amid an uncertain future. “Without looking somewhat down the road, FHFA and the enterprises would both lose their momentum and jeopardize day-to-day success.

In an effort to get mortgage-backed securities investors comfortable with the upcoming launch of the uniform MBS, Fannie Mae and Freddie Mac are continuously monitoring their prepayment rates to make sure there’s no divergence between the two, according to the Federal Housing Finance Agency.The FHFA published its inaugural prepayment report this week, increasing transparency ahead of the launch of the UMBS in June 2019. The report will be released on a quarterly basis. With the UMBS, the FHFA wants to ensure that there’s general alignment on the prepayments and noted that consistency is important to the efficiency and liquidity of the secondary mortgage market.