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FHA, VA Deliveries into Ginnie MBS Remain Strong. But VA Has Higher Growth Rate

December 7, 2016
George Brooks
The average loan-to-value ratio for the securitized FHA and VA loans were 92.3 percent and 94.6 percent, respectively.
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Short Takes: Bulk Servicing Auctions? / Rates May Fall / Congrats to Dr. Carson on Landing the HUD Job, Though Not From All / The Listener? / Ocwen Debt Exchange

December 6, 2016
Paul Muolo
The bulk servicing market has been quiet lately. But all that could change soon...
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Trump Nominates Dr. Carson for HUD Secretary; Speculation Begins on FHA Premium Cuts

December 5, 2016
Cowen adds the nomination “also leaves the door open to FHA premium cuts, though the real driver of that will be the pick of an FHA commissioner.”
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Now that the HUD Job is Settled, Speculation Begins on Trump’s Pick for FHA Commissioner

December 5, 2016
Paul Muolo
Cowen adds the nomination “also leaves the door open to FHA premium cuts, though the real driver of that will be the pick of an FHA commissioner.”
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HUD Eases FHA Outsourcing Rules. HR Departments in Play?

December 5, 2016
George Brooks
HUD decided to ease the HR rules in new guidance issued at the end of November...
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Agency MBS Production Slowed in November. Fannie Issuance Down Sharply

December 2, 2016
John Bancroft
Freddie Mac posted a 45.9 percent market share for November – 10.2 percentage points higher than in the previous month…
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Allied Home Mortgage on the Hook for $93 Million of Damages in FHA Case

December 2, 2016
George Brooks
The case against Allied Home Mortgage stemmed from a “whistleblower” action filed in Boston back in 2011.
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Agency MBS Production Slowed in November as Fannie Issuance Fell Sharply from Previous Month

December 2, 2016
New production of agency single-family MBS in November was down 8.2 percent from the previous month, according to a preliminary Inside MBS & ABS analysis. Fannie Mae, Freddie Mac and Ginnie Mae issued a combined $134.70 billion of single-family MBS in November, the lowest monthly total since July. A decline wasn’t unexpected: the housing market is on the downslope of its seasonal trend and rising mortgage interest rates are taking some of the steam out of the refinance market. What is a little unusual is...[Includes two data tables]
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FHA Follows FHFA’s Lead and Increases Loan Limits. The Reason: Rising Home Prices

December 2, 2016
Paul Muolo
Just over a week ago, the Federal Housing Finance Agency raised the maximum conforming loan limit for GSE mortgages by $7,100 for 2017, citing an increase in home prices.
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What We’re Hearing: Will the GSE-Investing PE Firms Get Greedy? / Buy Low, Sell High? / How Plugged In is Mnuchin? / Will Trump Try to Bring White Collar Jobs Back Home Too? / The Strange Case of Nebraska and FHA Loan Limits / Meg Burns Gets Promoted

December 2, 2016
Paul Muolo
Will the GSE-investing PE firms blow it?
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