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Trump Wins. Will Fannie and Freddie be Privatized?

November 9, 2016
Paul Muolo
In a Trump administration it's possible Fannie Mae and Freddie Mac would would face more competition and have less of an economic edge over non-GSE rivals, said Cowen & Co.
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Short Takes: Don’t Look Now but GSE Share Prices are Soaring / Trump Understands the GSEs? / Really? / Advising Trump on Housing Issues Are… / PHH Posts Loss, Will Bolt the PLS Business

November 9, 2016
Paul Muolo
Thanks to Trump, speculators who bought GSE shares on Tuesday are cleaning up today...
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Jumbo Originations Show Signs of Decline at Certain Banks

November 8, 2016
Brandon Ivey
EverBank – which is in the process of being sold to TIAA – originated $869.8 million of jumbos in 3Q16, a 1.5 percent sequential decline, and down 28.7 percent from the third quarter of 2015.
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GSEs Continue to Trim Portfolios; The Two are on Track to Meet the 2018 Cap of $250 Billion

November 8, 2016
John Bancroft
Under the current terms of their conservatorship, Fannie and Freddie are required to reduce their mortgage portfolios by at least 15 percent a year…
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Redwood Boosts 3Q Income with Above-Average Margins on Jumbo Operations

November 8, 2016
Brandon Ivey
Redwood sold $774.0 million of home mortgages into a welcoming whole loan market along with a $358.00 million jumbo MBS…
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As the Holidays Approach, Mortgage Bankers Still Hiring ‘Like Crazy’?

November 7, 2016
Paul Muolo
“We’re still hiring a lot,” said United Wholesale CEO Mat Ishbia.
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Short Takes: A Decent Quarter for Stonegate? / A Move Toward TPO / FGMC Seeks LOs for Goodmortgage.com / Garrett’s Role in HomeBridge Deal / Freddie Prepares New HLS

November 7, 2016
Paul Muolo and Brandon Ivey
Not too long ago, Stonegate Mortgage began deemphasizing retail in favor of correspondent and wholesale...
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Agency MBS Issuance Slumped in October, but Still Healthy Overall

November 4, 2016
John Bancroft
Wells Fargo once again ranked first among all agency sellers with $17.6 billion sold to Fannie, Freddie and Ginnie. Quicken was second with $8.46 billion.
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The Key to the New Fannie/SoFi Cash-out Refi: Cutting the G-Fee

November 4, 2016
Paul Muolo
Early next year, Fannie Mae will open up the program to other seller/servicers…
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PennyMac Financial Sets Company Record on Correspondent Volume; Will Use Brokers by Mid-Year 2017

November 4, 2016
Brandon Ivey
By midyear 2017, PennyMac Financial will be table funding mortgages through third-party loan brokers.
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