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Inside The GSEs
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Mortgage Applications Creep Up Ever So Slightly

December 9, 2015
Sherry Muolo
Mortgage rates are still enticing at just over 4.0 percent with half a point for conforming loans...
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Short Takes: TRID Loan Delays, Yes / Nationstar Share Price Hits New Low / Mortgage Employment Not So Bad / Don’t Roll Your Student Loan into the Mortgage / Good News for MI Firms

December 9, 2015
Paul Muolo
The TRID rule delays loan closings by at least 11 days at this shop...
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Fannie/Freddie Business Fell Sharply in November, Footprint Shrinking

December 8, 2015
John Bancroft
It's that time of the season: MBS issuance was down 30.6 percent at Fannie and off 17.4 percent at Freddie.
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Freddie Mac Unloads $1.1 Billion of NPLs to Three Bidders

December 8, 2015
Carisa Chappell
The average loan-to-value ratio of the NPLs is 91 percent, based on the broker price opinion.
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Origination Profits Tumble Almost 19 Percent in 3Q15 as Costs Rise

December 8, 2015
Paul Muolo
The trade group’s profitability calculation is based on average production volume of $614 million per company in the third quarter.
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GSE Buybacks Down Slightly in 3Q15 as Focus Shifts to More Recent Books

December 7, 2015
John Bancroft
During the worst of the buyback storm in late 2012 and early 2013, the GSEs reported over $18.51 billion of unresolved repurchase requests and as much as $13.22 billion in buybacks during a single quarter.
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Fannie Mae Provides Record Multifamily Financing for NYC’s ‘Stuy Town’

December 7, 2015
Carisa Chappell
However, the note rate was not disclosed. The originator of record is Wells Fargo Multifamily Capital...
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Short Takes: The New York Times-MBA Dust Up / Risk-Sharing in Jeopardy? / Garrett Advises on an ‘Investor Diet’ / Credit Enhancement and the Hatteras Jumbo MBS Deal / Michigan Mutual Hires Daniel Jacobs

December 7, 2015
Paul Muolo, Brandon Ivey, and Sherry Muolo
What year-end slow down? Michigan Mortgage is searching for 14 new employees for ten of its 28 locations. A majority of the jobs are for loan officers and underwriter positions...
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Bank and Thrift Holdings of First Liens Rise Ever So Slightly

December 4, 2015
Brandon Ivey
Jumbo mortgages remain the product of choice for bank portfolios, though some lenders are retaining originations of conventional-conforming mortgages.
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Seasonal Slump: Agency MBS Issuance Down Sharply in November

December 4, 2015
John Bancroft
The refinance market was soft as well. The agencies securitized $37.48 billion of refinance loans during November, down 12.3 percent from the previous month.
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Latest Imf News

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