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Short Takes: Disappointing Home Sale Numbers? Blame ‘The Donald’ and Bernie / Who Owned W.J. Bradley? / Fast Growing: Ginnie Mae Servicing / Impac’s R&W Numbers / Software Firm Hires Banker

March 24, 2016
Paul Muolo
Don't like the housing sales figures? Blame Trump and Bernie...
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Watt Says Expect GSE Principal Reduction Decision In Next 30 Days, Looking for a ‘Win-Win’ Scenario

March 24, 2016
Within the next 30 days, the Federal Housing Finance Agency will put to rest its long-running deliberations over whether Fannie Mae and Freddie Mac will allow principal reductions for certain distressed home mortgages. The Wall Street Journal reported earlier this week that the agency has already made the decision to go ahead with the plan on a limited basis. But in remarks at a public forum in Washington, DC, this week, FHFA Director Mel Watt said the agency is still mulling it over. Watt said...
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Obama’s Top GSE Advisor Michael Stegman Calls it a Day

March 23, 2016
Paul Muolo
“Look, it’s March of an election year. And it’s not like he was going to get a lot done," said one observer regarding Stegman's departure.
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Fannie Mae and Freddie Mac Dominate – by Far – in Condo Financing

March 23, 2016
Brandon Ivey
The average loan amount on GSE condo mortgages in 2015 was $214,431.
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Former Obama Officials and MBS Co-Inventor: Merge Fannie and Freddie

March 23, 2016
Paul Muolo
Merge Fannie and Freddie into one? Crazier things have been suggested...
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Are the GSEs Doing Enough to Support Manufactured Housing?

March 22, 2016
Carisa Chappell
One commenter said the GSEs should be required to purchase chattel loans that are “prudently underwritten with appropriate consumer protections.”
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FHFA Still Contemplating Mortgage Principal Reduction Plan; A Decision in 30 Days

March 22, 2016
Paul Muolo
Once again, the concept of "principal reductions" on Fannie, Freddie loans rears its ugly head.
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Short Takes: W.J. Bradley Vendor Owed Money / The TRID Error Options Are… / loanDepot Teams Up with Avant / Loan Mods Slow / Primary Capital Hires SVP

March 22, 2016
Brandon Ivey and Paul Muolo
What does a depository do if it has a mortgage with a TRID error?
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GSE Seller Buybacks Fall to Record Low in Late 2015

March 21, 2016
John Bancroft
The improved R&W framework has been a big plus for GSE sellers...
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Former Fannie Mae CFO Howard Criticizes Economics of GSE Risk-Sharing Deals

March 21, 2016
Carisa Chappell
Former Fannie CFO Howard said this leaves the government-controlled mortgage giant to pay about $7 billion over the next 10 years in premiums and hedging costs.
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