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Inside The GSEs
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Is it Good or Bad News That the GSEs Are Losing Market Share?

September 16, 2015
John Bancroft
Back in the early years after the financial crisis, Fannie and Freddie accounted for 60.0 percent or more of primary-market originations...
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Coming This Fall: Congressionally Mandated Salary Caps for Fannie/Freddie CEOs?

September 16, 2015
Carisa Chappell
GSE watchers anticipate the salary cap legislation will be signed into law this fall.
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Bank of America Remains the Mortgage Repurchase King

September 15, 2015
John Bancroft
Bank of America still leads the industry in buybacks with $539 million on a year-to-date basis, or 28.5 percent of the total for all banks.
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Ocwen Now Expects a Loss for 2015; More Layoffs Planned; Oh, and It Hopes to be a Top 10 Lender

September 15, 2015
Paul Muolo
According to figures compiled by Inside Mortgage Finance, Ocwen may have a long way to go in meeting its production dreams...
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HARP Refi Volume Just About Flat in 2Q15

September 15, 2015
John Bancroft
Fannie Mae had a slight increase in HARP activity and accounted for 59.3 percent of the total for the two GSEs...
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Short Takes: Almost All GSE-Related Legislation is DoA / Don’t Kill the Golden Goose / Those Crazy Common Investors / The GSEs Are Worth $105 Billion? / Brian Webster’s Resume

September 15, 2015
Paul Muolo
In 2Q, the GSEs earned $8.8 billion combined. Multiply that by four (quarters) and then three (years) and you get $105.6 billion.
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And the Beat Goes On: Banks Continue to Shed Servicing Rights

September 14, 2015
John Bancroft
Two companies – Wells Fargo and Bank of America – accounted for virtually all of the decline in bank MSR holdings during the second quarter.
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Looser Credit on the Way? Fannie Tweaks Self-Employment Verifications

September 14, 2015
Carisa Chappell
The set of changes was updated in the GSE’s selling guide and shows a new way that income from self-employment can be both calculated and documented.
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HARP Refi Volume Flat for Q2, Extra Focus on HARP-Rich States

September 11, 2015
Activity in the Home Affordable Refinance Program in the second quarter of 2015 was down 0.3 percent from the first three months of the year, according to new loan-count figures released by the Federal Housing Finance Agency. Fannie Mae had a slight increase in HARP activity and accounted for 59.3 percent of the total for the two government-sponsored enterprises. …
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Concern Over Gain-on-Sale Margins Heats Up as Volumes Begin to Drop

September 11, 2015
Paul Muolo
As one jumbo securitization officialtold Inside MBS & ABS: “Gain-on-sale margins have been okay, but no one is buying a new boat.”
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