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Inside The GSEs
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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
Paul Muolo and Brandon Ivey
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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Fannie Postpones DU 10.0 Release, Cites Testing Issues

June 13, 2016
Carisa Chappell
Originally scheduled to be implemented the weekend of June 25, Fannie Mae announced on Friday that it is delaying the release of Desktop Underwriter Version 10.0 due to concerns that came up during the testing phase.
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Home-Equity Lending Declines in First Quarter, Unused HELOC Commitments Increase

June 10, 2016
John Bancroft
New home-equity originations on home-equity lines of credit and closed-end second mortgages fell by 6.3 percent from the fourth quarter to an estimated $45.0 billion. However, that was up 18.4 percent from the first quarter of last year.
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Fannie’s Guidance on Lender Self-Reporting of TRID Issues Prompts Mixed Reviews from Analysts

June 10, 2016
Thomas Ressler
Fannie noted that lenders aren’t obligated to self-report any matters related to possible TRID non-compliance except in two limited circumstances where a repurchase demand is an authorized remedy.
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