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FHLBank of Seattle Lost Appeal to Sue Moody’s for Risky MBS Purchase

December 15, 2017
The Federal Home Loan Bank of Seattle lost an appeal in an MBS case against Barclays Capital this week in which it claimed the investment banker made false statements or left out certain facts about the securities it sold in 2008. But the Court of Appeals of Washington State ruled that theFHLBank was fully aware of what it was buying at the time.
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Continued Growth for Agency MBS in 3Q17

December 15, 2017
John Bancroft
The fastest-growing segment is the Ginnie Mae market…
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Did the GSEs Play a Role in Slowing Non-Agency SFR Deals?

December 15, 2017
Brandon Ivey
Moody’s said GSE participation will continue to erode the sector’s reliance on commercial MBS as a source of financing…
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What We’re Hearing: Bitcoin Comes to the Rescue of Homebuyers / Not There Yet / Would the White House Dare Fire Mel Watt? / Probably Not? / Shrinking the GSE Role / Judging the Profitability of MBS Guarantees

December 15, 2017
Paul Muolo
Of course, the Trump administration has a history of shooting first and asking questions later…
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Home-Equity Lending Declined in 3Q17 but Not by Much

December 14, 2017
John Bancroft
Banks and thrifts continued to retreat from the home-equity business in 3Q17 while credit unions pressed forward…
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Stop the Presses: A GSE Bill Passes the House Financial Services Committee but…

December 14, 2017
Carisa Chappell
The panel approved the bill on a partisan vote of 33 to 27. It was one of 13 bills advanced by the panel…
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Another Industry Group Calls for Delay in New HMDA Requirements

December 14, 2017
Thomas Ressler
Certain originators and their vendors have expressed the need for more time to test systems and accurately implement the proposed changes…
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Short Takes: Keeping Tabs on GSE Dividends / The GOP Tax Plan and DTAs / Good News for ‘Conforming’ Jumbos? / LendingTree Getting Frothy? / First Republic Bank Stands Out in Second Liens

December 14, 2017
Brandon Ivey and Paul Muolo
The share price of online loan broker LendingTree is looking a bit pricey these days at $337.80 a unit...
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GSE ‘Zero Capital’ Day is Almost Here; FHFA Chief Watt Not Likely to ‘Cross the Line’ and Change the Dividend Payments

December 14, 2017
In roughly 10 business days, Fannie Mae and Freddie Mac – which guarantee half of all mort-gage debt in the U.S. – will run out of capital unless their regulator at the Federal Housing Finance Agency does something about it.
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HFS Committee Voted to Suspend Housing Fund Payments if GSE Dividend Payments Aren’t Made

December 14, 2017
Members of the House Financial Services Committee this week approved a bill that would sus-pend Fannie Mae and Freddie Mac contributions to the Housing Trust Fund if the government-sponsored enterprises don’t pay dividends to Treasury. The panel approved the bill on a partisan vote of 33 to 27.
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