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Delinquencies Inch Up in 2Q17. A Trend or a Blip?

September 7, 2017
Brandon Ivey
The increase in delinquencies was driven by loans going late in 30-60 day category…
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ICBA Says Government Seizure of Fannie and Freddie was ‘Questionable at Best’

September 7, 2017
Paul Muolo
ICBA’s comment marks the first time that a major industry trade group has questioned putting Fannie and Freddie into conservatorship…
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Ninth Circuit Upholds GSE Security Interest, Rules Federal Foreclosure Bar Preempts State HOA Law

September 7, 2017
Lenders and servicers of Fannie Mae and Freddie Mac mortgages notched a big win in the U.S. Court of Appeals for the Ninth Circuit, which found that a federal bar on foreclosure on government-sponsored enterprise loans preempted Nevada’s superiority lien law. As a published decision, the court’s ruling in Berezovsky v. Moniz resolves the dispute in favor of the federal foreclosure bar, according to Marc James Ayers and R. Aaron Chastain, attorneys with Bradley Arant Boult Cummings. It serves as a binding precedent in the Ninth Circuit and should guide other circuits in deciding cases involving homeowners associations’ super-priority liens, they said. In Berezovsky, the panel affirmed...
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Jumbo Servicing Continues to Increase for Most Firms; Performance Pristine

September 6, 2017
Brandon Ivey
Of the nation's top 10 jumbo servicers, just one is a nonbank: Ocwen Financial.
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Nine Years Ago, Fannie and Freddie Were Taken Over. Treasury is Now $82.3 Billion Richer

September 6, 2017
Paul Muolo
Investors Unite speaks for GSE shareholders – except senior preferred holders (the Treasury Department)…
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Non-QM Performance Strong but There’s a Catch: Many Prepayments

September 5, 2017
Brandon Ivey
Investors in non-QM MBS have to worry about fast prepayment speeds, not credit problems...
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The Yield on the 10-Year Treasury Hits a 10-Month Low. More Refis?

September 5, 2017
Lower rates could translate into more refinancings, but could cause hedging problems for Fannie Mae and Freddie Mac…
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Freddie Mac: Originations of Purchase Mortgages Constrained by Cash Sales

September 1, 2017
Brandon Ivey
Before the financial crisis, about 10 percent of home sales were all-cash transactions…
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Agency-Backed CMO Production Slumped in 2Q17

September 1, 2017
John Bancroft
Wells Fargo’s CMO business was down 36.7 percent from the first half of 2016…
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Mortgage Reinsurance Market Shows Great Promise, but Risks Abound

September 1, 2017
George Brooks
Reinsurers coming late to the feast might find slimmer pickings as pricing continues to tighten in the sector…
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