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Industry Groups Feud Over Fannie/Freddie Capital Strategies. Will Congress Finally Act in 2018?

September 28, 2017
Resolving the long-running conservatorships of Fannie Mae and Freddie Mac is drawing a lot of attention, but policymakers and industry groups don’t seem any closer to a consensus. For the most part, the executive branch and many groups representing large financial institutions want Congress to tackle the problem through legislation. Investors and some groups representing smaller lenders say the Federal Housing Finance Agency and Treasury could do more to pave the way. Motivating the debate is...
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Short Takes: Nice Gains for GSE Shares / Sen. Bob Corker’s ‘Short’ Recommendation / Corker for FHFA Director? / Keep an Eye on GSE MF / Former Ellie Mae COO Lands at Blue Sage

September 28, 2017
Carisa Chappell and Paul Muolo
Keep in mind that Mel Watt’s term as Federal Housing Finance Agency director expires in January 2019...
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Subservicing Contracts Continue to Grow; Cenlar and Dovenmuehle Dominant Once Again

September 27, 2017
Paul Muolo
Subservicers handle 19.0 percent of all homes mortgages in the U.S., Inside Mortgage Finance found…
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Freddie Relaxes Appraisal Policies for Trainees

September 27, 2017
Carisa Chappell
Freddie Mac: “We are also specifying that an unlicensed or trainee (or similar classification) appraiser may perform a completion report…”
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In New ‘Strategic’ Report FHFA Punts on Zero Capital Issue

September 27, 2017
Paul Muolo
So far, speculation regarding a change in the GSE dividend payment has been dead wrong, but there’s still time...
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Bank Retail Production Up in 2Q17, Sales Down

September 27, 2017
John Bancroft
Residential loan sales by banks totaled $151.79 billion in the second quarter, down 7.3 percent from the previous period.
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Mortgage Brokers Face Uphill Challenge in Jumbo Market

September 26, 2017
John Bancroft
MUFG Union Bank was the top wholesale lender in the jumbo market by a wide margin.
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As GSE ‘Zero Capital Day’ Approaches, Hurricane Damage Looms Large?

September 25, 2017
Paul Muolo
FHFA Director Mel Watt is concerned about zero capital, but has not yet given any public indication he will do something about it...
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GSE Seller Buybacks Edged Higher in 2Q17, but YOY…

September 25, 2017
John Bancroft
All of the uptick in seller buybacks came from Fannie, where repurchases surged 21.5 percent from the first to the second quarter.
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Angel Oak Projects $1.1 Billion in Non-QM Production This Year

September 25, 2017
Paul Muolo
Angel Oak expects that production by its wholesale arm will grow by 62.8 percent this year.
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