The volume of defective Fannie Mae and Freddie Mac mortgages repurchased by lenders increased modestly in the second quarter of 2017, according to a new Inside Mortgage Trends analysis of buyback disclosures filed by the two government-sponsored enterprises. Lenders repurchased some $244.44 million of home loans or made other indemnification to the GSEs during the second quarter. That was up 2.5 percent from the previous three-month ... [Includes two data charts]
Loans originated on or after Oct. 1, 2017, are eligible for new high loan-to-value streamlined refinance programs being rolled out by Fannie Mae and Freddie Mac. And one analyst said despite more investor exposure to defaults, he views the programs as a good move in the event home prices begin to trend downward. A year after the Federal Housing Finance Agency’s initial announcement about the streamlined refi program, the regulator set the eligibility date and provided more program details last week. “The eligibility date was...
Our ranking of the nonconforming sector is divided among lenders that specialize in the products and those where it accounts for a small slice of production.
One lobbyist told Inside Mortgage Finance this week he believes that Watt eventually will strike a deal on the issue with Treasury, but he was uncertain how it might play out.
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