“It is certainly not a coincidence that these lies are being peddled once again as the Senate Banking Committee resumes its work this Congress on reforming Fannie Mae and Freddie Mac,” said Mica Johnson, Sen. Bob Corker’s communications director.
FHFA's Mel Watt: "While it is apparent that a draw will be necessary for each enterprise if tax legislation results in a reduction to the corporate tax rate, FHFA considers the $3 billion capital reserve sufficient to cover other fluctuations in income in the normal course of each Enterprise’s business.”
While combined GSE servicing still accounted for a hefty 44.9 percent of single-family mortgages, it has continued to drift lower over the course of 2017…
Mel Watt continued: “We, therefore, contemplate that going forward enterprise dividends will be declared and paid beyond the $3 billion capital reserve in the absence of exigent circumstances.”
Washington Analysis believes the FHFA/Treasury move is a “clear positive for shareholders in the GSEs, particularly holders of junior preferred shares..."
According to an analysis by Zillow, 11.2 percent of the 25.1 million homes that are currently worth enough to require a jumbo mortgage will fall under the conforming loan limit in 2018 due to higher loan limits established by the Federal Housing Finance Agency. The analysis was based on county-specific home prices and the assumption that jumbos allow a loan-to-value ratio no higher than ... [Includes two briefs]
More first-time homebuyers took advantage of the government-sponsored enterprises’ 97 percent loan-to-value mortgage products this year – to the point where they likely took away market share from the FHA program.
Moody’s Investors Service erred in a number of its ratings of Freddie Mac’s structured multifam-ily MBS pass-through securities because it failed to take into account the guarantees provided by the government-sponsored enterprise on classes of its K-deals.
The number 15th ranked Fairway Independent Mortgage wouldn’t provide a hiring estimate but CEO Steve Jacobson said, “We’re always open minded about opportunities.”
RSS