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Inside The GSEs
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The Trend is Clear: Nonbanks Poised to Have a 50 Percent Agency MSR Share

January 18, 2018
John Bancroft
The nonbank share of agency servicing grew by 4.7 percentage points during 2017.
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FHFA Chief Unveils Agency Views on GSE Reform, Worries About Having Too Many ‘SMEs’

January 18, 2018
Paul Muolo
Watt and his staff do not want taxpayers to foot the bill for failing mortgage guarantors…
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Credit Score War Brewing as FHFA, GSEs Explore Alternative Scoring Systems

January 18, 2018
Fannie Mae and Freddie Mac have been charged with exploring options to update their current FICO credit scoring model and make a decision this year as to whether to make the switch in 2019.
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Four Years into CFPB’s Ability-to-Repay Rule, Optimists Hope Non-QM Becomes More Than Niche

January 18, 2018
The game-changing ability-to-repay mortgage lending rule from the Consumer Financial Protec-tion Bureau took effect four years ago this month. At that time, regulators said there would be plenty of mortgage lending outside the parameters of the qualified-mortgage box. So far, however, that ex-pectation has yet to be realized.
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Short Takes: House GSE Bill Due by Mid-March? / Providing Technical Assistance: the Staff of the FHFA / Time for a Pay Raise for Layton and Mayopoulos? / Hiring Underwriters from Wells Fargo / CFPB’s Mulvaney to Yellen: I Don’t Need Your Money (Right Now)

January 18, 2018
Paul Muolo and Thomas Ressler
If a GSE reform bill does not get signed into law this year, how much longer will the CEOs of Fannie Mae and Freddie Mac stick around?
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A Slight Production Decline for BofA in 4Q17, but MB Profits Take a Hit

January 17, 2018
Paul Muolo
According to figures compiled by Inside Mortgage Finance, BofA ranked sixth among first lien lenders in the third quarter, but U.S. Bank isn’t too far behind in the number seven spot.
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Short Takes: Freddie Mac, an Actual Lender? / GSEs Working to Revise MI Rescission Relief Policies / The Last Time I Saw Richard / MIAC Selling $71MM of RPLs / Movement Hires Chief Credit Officer

January 17, 2018
Paul Muolo and Thomas Ressler
Fannie Mae and Freddie Mac are working with the nation’s mortgage insurance firms to revise rescission relief principles...
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Short Takes: GSE Reform, Yes. Passage? No / Galton’s Return to Nonprime / Citi’s Incredibly Shrinking MSR Portfolio / Legislative Reg Relief On the Way? / English Wants Expedited Review in CFPB Appeal

January 16, 2018
Brandon Ivey, Paul Muolo, and Thomas Ressler
GSE reform may emerge from the Senate Banking Committee, but as for final passage...
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Ginnie Mae MBS Program Faltered in 2017…

January 15, 2018
John Bancroft
The agency – which still doesn’t have a permanent president – issued $443.2 billion of MBS backed by forward single-family mortgages in 2017, a 10.8 percent decline from the previous year.
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Residential Production at Chase Fell 9.2 Percent in 4Q17; Servicing Revenue Nicked

January 15, 2018
Paul Muolo
Chase continues to grow the volume of residential whole loans kept on its balance sheet: $197.3 billion at yearend compared to $181.2 billion at the end of 2016.
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