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Inside The GSEs
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Mortgage Complaints Down 6 Percent from Last Year

November 30, 2016
Thomas Ressler
Despite the improvement in gripes filed, mortgage complaints are among the top three areas where consumers feel they are being taken advantage of…
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Incoming Treasury Chief Mnuchin: Resolving Fannie and Freddie a Top Priority. Share Prices Soar!

November 30, 2016
Paul Muolo
As IMFnews went to press Wednesday, Mnuchin said in a Fox TV interview that resolving Fannie and Freddie will be a top priority.
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GSE Single-Family Business Slumped in October, Credit Box Unchanged

November 30, 2016
John Bancroft
Expanding the credit box will be a major theme in the GSEs’ priorities for 2017, according to the FHFA.
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Bank Holdings of Non-Mortgage ABS Continued to Fade, But the Market Itself Stalled in 3Q16

November 30, 2016
John Bancroft
The ABS market itself shrank slightly during the third quarter, according to data reported by the Securities Industry and Finance Markets Association...
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Short Takes: High Hopes for GSE ‘Recap and Release’ / Mnuchin Will be Confirmed / Another Mortgage Deal for Incenter LLC / Arch in Huge Debt Offering / What’s $20 Trillion Among Friends?

November 30, 2016
Paul Muolo
In case you haven’t noticed: the national debt is ready to crack the $20 trillion mark – almost twice the dollar volume of outstanding residential debt in the United States.
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Mortgage Repurchases Rise Again, but there’s a Reason: BofA

November 29, 2016
John Bancroft
The banking industry still has a hefty $4.59 billion of reserves for future repurchase expenses…
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Final 3Q16 Tally: Brokers and Correspondents Gained Market Share, Retail Declines

November 28, 2016
John Bancroft
In the broker/wholesale channel, United Wholesale Mortgage and Caliber Home Loans posted strong growth rates…
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Investors Continue to Bid Up the Share Price of GSE Common. Can it Last?

November 28, 2016
Paul Muolo
Fannie Mae common has a “market cap” of $17.68 billion while Freddie is valued at $9.79 billion…
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Short Takes: Waiting on Doctor Carson (for HUD Secretary) / Wells Fargo Continues its Dominance in Two Channels / The Worth of GSE Common? / Watching the 10-Year / Moody’s on Primary Capital

November 28, 2016
Brandon Ivey and Paul Muolo
Is the 10-year bond in for a massive correction? Maybe, maybe not...
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GSE 1-Family Business Slump in October, Credit Box Unchanged

November 23, 2016
Fannie Mae and Freddie Mac saw a largely seasonal decline in single-family business in October, according to a new Inside The GSEs analysis of mortgage-backed securities data. The two GSEs guaranteed $99.33 billion of single-family MBS during October, an 8.3 percent decline from the previous month. Most of the slippage was in purchase-money mortgages, which fell 14.5 percent from September, following typical seasonal patterns. The refi market held up a lot better. October volume was down 1.6 percent from September, while still ranking as the second-highest monthly total so far this year. That pushed the refi business to 60.2 percent of GSE volume, excluding modified loans.
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