Fannie Mae has yet to implement a red flag system to identify trends and data anomalies for servicer reimbursements, according to a new report from the FHFA Inspector General.
The top 20 bank and thrift mortgage servicers all reported increases in their MSR valuations, according to exclusive figures from Inside Mortgage Trends.
Mortgage buybacks can vary significantly among seller/servicers because its driven by business and legal processes rather than current market dynamics.
Despite growth in the non-agency jumbo market, primary market lenders remain focused on production that they can safely securitize through the GSEs and Ginnie Mae.
As Fannie Mae prepares to emulate the risk-sharing bond recently issued by Freddie Mac, concerns are arising that the government-sponsored enterprises are giving away a bit too much yield. Former GSE officials who have looked at Freddie Macs recent $500 million Structured Agency Credit Risk bond say the debt offering is a good investment for investors who are taking little risk while garnering a nice yield. According to Freddie Macs July offering circular on its STACR deal, the notes are divided...