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Inside The GSEs
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Refi Bump Helped Boost Retail Share in Late 2017, Correspondent Suffered

February 22, 2018
John Bancroft
Wells Fargo was the top retail and correspondent lender in 2017 while United Wholesale Mortgage took home the gold in the wholesale/broker category…
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PIMCO Points to the Benefits of Having the GSEs in Conservatorship

February 22, 2018
Carisa Chappell
PIMCO also believes government MBS loan limits should be based on borrower income, not housing prices…
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FHFA Establishes ‘Minimum’ Return on Equity Goals for Fannie and Freddie, Sparking New Speculation

February 22, 2018
Paul Muolo and John Bancroft
According to their financial disclosures and company officials, both GSEs saw a sharp decline in the average guarantee fee they charged on new MBS issued during the fourth quarter…
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FHFA Establishes ‘Minimum’ Return on Equity Goals For Fannie Mae and Freddie Mac, Sparking Speculation

February 22, 2018
Fannie Mae and Freddie Mac observers are scratching their heads about “minimum return on equity” requirements that the Federal Housing Finance Agency has imposed, somewhat mysteriously, on the two government-sponsored enterprises.
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FTHB Market Strongest Since 2006, Supply Headwinds Remain

February 22, 2018
Carisa Chappell
A lack of affordable homes to buy could stifle the first-time home buyer market, Genworth believes…
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Seniors Had Fewer Mortgage-Related Complaints in 2017

February 21, 2018
Most complaints from seniors over the past two years centered on conventional mortgages…
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Short Takes: IU Chief Pagliara Weighs in on Supreme Court Decision / Bill Ackman is Now Underwater on his GSE Bets / NAMB Wants Ban on ‘Trigger Leads’ / Ditech Names Interim CEO but Does He Get the $5 Million?

February 21, 2018
Paul Muolo, Brandon Ivey, and Carisa Chappell
It appears that Pershing Square is now under water on its GSE investments...
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The Mel Watt Factor Looms Large as GSE Reform Sags

February 20, 2018
Paul Muolo
One trade group official said a new FHFA director might be hell-bent on reducing the federal footprint in mortgages…
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GSE Credit Box Continues to Loosen, but Not by Much

February 20, 2018
John Bancroft
Borrowers with credit scores below 700 accounted for 22.03 percent of GSE purchase loans last year…
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Short Takes: Why GSE Reform is Truly Dead / A Tale of Two GSEs / Common Not Doing So Well / Stearns’ Future in Servicing? / SoFi Cuts Mortgage Workers / About Those Strategic Plans…

February 20, 2018
Paul Muolo
Social Finance is cutting positions in its mortgage division...
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