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Inside The GSEs
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Mortgage Debt Outstanding Hits $10 Trillion Mark for the First Time Since 2012

June 16, 2016
John Bancroft
The residential servicing market is a slow-changing glacier…
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FHFA Chief Rebuts IG Claim Regarding Not Controlling Costs on New Fannie Mae HQ

June 16, 2016
Paul Muolo
FHFA chief Mel Watt also points out that the sale of Fannie’s existing properties will result “in substantial additional financial benefits.”
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Short Takes: Hillary, Donald, Fannie and Freddie? / NAHB Prefers ‘Ranieri-Zandi’ Plan / Spend It. Otherwise Uncle Sam Gets That Money! / Fannie Eventually Will Make a Killing in RE / Former New Century Chief Lands at Carrington

June 16, 2016
Paul Muolo
Eventually, Fannie Mae will sell its historic HQ site at 3900 Wisconsin Avenue in Washington, DC, and making a killing on the sale...
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JPM’s Jumbo Originations Performing Exceptionally Well, 60+ Delinquency Rate Below 1.0 Percent

June 15, 2016
Brandon Ivey
Performance in Chase’s jumbo program has remained strong even with the lender loosening underwriting standards somewhat...
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A Trend Continues: Depositories Trim Non-Mortgage ABS Holdings

June 15, 2016
John Bancroft
It was the ninth consecutive quarterly decline in bank ABS investment since the end of 2013…
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As Rates Drop, Mortgage Lenders Increase Hiring – Even the Megabanks are Looking for Workers

June 15, 2016
Paul Muolo
One trend that appears to be gaining momentum is the increased use of call centers and loan officers working at such shops who are compensated at lower commission rates…
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Short Takes: Mortgage Trade Group v. Mortgage Trade Group? / MBA’s Stevens Reacts / Quicken Selling Loans to Berkshire’s Mortgage Unit / Why Moody’s Can't Rate JPM’s LO System / Fannie Hires New Chief Audit Executive

June 15, 2016
Brandon Ivey and Paul Muolo
MBA President Dave Stevens told IMFnews: “We respect the work of Glen [Corso, CMLA director] and his organization greatly...."
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Lenders Say No More to Loosening Credit Standards

June 14, 2016
Carisa Chappell
Lenders reported a moderate net easing of credit standards across all loan types over the past three months, according to Fannie Mae’s second quarter 2016 Mortgage Lender Sentiment Survey released this week.
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FHFA’s Attempt to Consolidate Shareholder Cases Denied

June 14, 2016
Carisa Chappell
A key judicial review panel recently said the Federal Housing Finance Agency’s March bid to consolidate all the Fannie Mae and Freddie Mac shareholder lawsuits and transfer them to one court was “inappropriate” and rejected the government’s request.
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Surge in Purchase Activity Drives GSE Business Higher in May

June 13, 2016
John Bancroft
Fannie Mae and Freddie Mac produced $73.23 billion of single-family mortgage-backed securities in May, a solid 6.3 percent increase from April, according to a new ranking and analysis by Inside The GSEs.
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