FHFA Director Mel Watt: “In fact, it is especially irresponsible for the enterprises not to have such a limited buffer..."

Meanwhile, FHFA Director Mel Watt called the new IG audit “seriously flawed…”

But that didn’t stop the conservative from the Lone Star state from offering up some critiques on the FHFA...

LoanDepot more than doubled its ARM originations in that span, and large increases were also seen at Wells Fargo, Bank of America Home Loans, First Republic Bank and MUFG…

In the interim, mortgage servicers must continue to pass on the principal and interest payments to the end bondholders.

In less than 90 days...

The biggest challenge for the vibrant single-family rental market may be the shortage of available homes to purchase, according to panelists speaking at an Urban Institute event highlighting institutional investment in SFRs this week. And one analyst pointed to mid-sized investors as being best positioned to profit from the market. Since the financial crisis, SFRs have emerged as a viable housing option and real estate investment firms are seizing the opportunity. Both mom-and-pop operators and institutional investors have been buying homes of all sizes and offering them as rental properties. Prior to the crisis, there were...

Fannie Mae and Freddie Mac are encouraging MBS market participants to begin planning how they will adapt to the new uniform MBS when it goes online in early 2019. The “Single Security Initiative Market Adoption Playbook” provides a detailed look at the many changes involved in the new security, which will take the place of the separate to-be-announced MBS that the two government-sponsored enterprises now issue. The project includes...

For several months now we’ve been hearing reports that the Trump administration has grave concerns about the FHA program...

Wells Fargo recaptured its crown as the leading VA jumbo securitizer, pushing Penny Mac back to second place even as the market dropped further in the second quarter. The volume of VA jumbo loans securitized during the second quarter declined by 5.2 percent from the prior quarter and by 11.8 percent during the first half of 2017 compared to the same period last year. VA jumbo mortgage originations were off by 4.3 percent from the first quarter, according to an analysis by Inside FHA/VA Lending affiliate Inside Mortgage Finance. Agency-jumbo production sagged in the second quarter but the results were not uniform. Fannie Mae production was up 6.5 percent from the prior quarter, while FHA jumbo securitization gained 7.2 percent during the period. At the same time, VA jumbo securitization was down 5.2 percent to $7.4 billion from $7.8 billion, while Freddie Mac saw a hefty 27.8 percent drop in ... [Charts]