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Inside The GSEs
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Ditech Finally Releases 4Q17 Results – A Loss and a Warning About 2018

April 17, 2018
Paul Muolo
Ditech added that under new leadership, the lender/servicer “continues to develop and execute various strategies to improve” its performance.
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Prime Non-Agency MBS Issuers Getting More Creative…

April 17, 2018
Brandon Ivey
Due diligence reviews can be costly, especially when the mortgages being produced are pristine.
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A Steep 1Q18 Decline in Residential Production for BofA

April 16, 2018
Paul Muolo
BofA also produced $3.75 billion of home equity loans in the first quarter...
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Fannie Addresses Risk Layering in High DTI Loans

April 16, 2018
Carisa Chappell
Back in July 2017, Fannie revised its automated underwriting system to accept loans with DTI ratios over 45 percent without lenders having to show other compensating factors…
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Pershing Square Doubles Down on its GSE Bets

April 16, 2018
Paul Muolo
In the 2017 annual report, Pershing Square lists Fannie and Freddie common among its “losers…”
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Early 2018 Brings More Volatility to GSE Single-Family Rivalry

April 16, 2018
John Bancroft
In early 2018 both GSEs were under orders from the Federal Housing Finance Agency to set g-fees that meet a “minimum return on equity…”
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Short Takes: Watt Looks Back / Will Trump Shock the Mortgage Industry and Give Him Another Term? / LenderLive Buys Vendor, More Deals in the Works? / A New Director for Freddie Mac

April 16, 2018
Paul Muolo
Watt’s term expires in early 2019. President Trump is not expected to nominate him to another term. Then again...
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IG, Lawmakers Point to Many GSE Supervisory Concerns During FHFA Oversight Hearing

April 13, 2018
The inspector general of the Federal Housing Finance Agency voiced concerns about the agency’s supervision of Fannie Mae and Freddie Mac, while lawmakers questioned why new products like the Integrated Mortgage Insurance (IMAGIN) credit risk-transfer program were implemented without going through the proper channels.
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JPM’s Origination Machine Tanked in 1Q18

April 13, 2018
Paul Muolo
Despite the drop, JPM marked up the asset value of its mortgage servicing portfolio...
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Non-Agency MBS Issuance Down Sharply in 1Q18, but Subprime and Alt A Show Promise

April 13, 2018
John Bancroft
During 1Q18, issuance of MBS backed by seasoned loans fell 50.8 percent…
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