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Home » Topics » News » Inside FHA/VA Lending

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Fannie Reclaims (Some of the) Share it Lost in First-Time Homebuyer Market

August 22, 2016
John Bancroft
By itself, the FHA insured 37.1 percent of first-timer business in the first half of 2016…
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Short Takes: Will Ocwen Come Roaring Back? / A 29 Percent Decline in MSR Contracts / Finally, A Stock Deal / HUD Left Money on the Table / A New Director for Altisource

August 22, 2016
Paul Muolo
Is Ocwen's share price extremely undervalued?
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The Love Affair Continues: Bank Holdings of MBS Hit a New High in June. GSE Paper Leads the Way

August 19, 2016
John Bancroft
Depositories also added to their Ginnie Mae pass-through investments, but by only 0.7 percent…
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Phoenix Selling Flow MSR Package that Could Yield $4.8 Billion

August 19, 2016
Paul Muolo
Meanwhile, MountainView Servicing Group is selling a $1.9 billion Fannie Mae/Freddie Mac bulk MSR portfolio…
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All Production Cylinders Firing in 2Q16 but Conventional Lending Increased the Most

August 18, 2016
John Bancroft
Some 61.0 percent of loans securitized by Ginnie Mae in the first half of 2016 were purchase mortgages, compared to 46.2 percent for Fannie Mae and Freddie Mac…
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It’s Not Going to Happen Anytime Soon: A Cut in FHA Premiums

August 18, 2016
George Brooks
The private MI share of new primary insurance rose 6.0 percentage points to 37.8 percent during the second quarter, while the FHA share fell 5.4 percentage points to 34.4 percent…
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Short Takes: Freedom, Now the Big Kahuna of FHA & VA / Quite an FHA Decline for BofA / Job Cuts at Ditech / Bad Timing / A New Subprime MBS?

August 18, 2016
John Bancroft and Paul Muolo
Will the last megabank left in the FHA market please turn off the light...
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With Falling Market Share, Analysts Doubt if FHA Would Do Another MIP Cut; Factors Other than Share Influence Agency

August 18, 2016
Despite the FHA loss of market share to the private mortgage insurance business in the second quarter of 2016, stakeholders continue to believe that an FHA premium reduction is not likely to occur any time soon. Analysts with Keefe Bruyette & Woods said that, while investor concern about an FHA price cut remains elevated, the likelihood of a cut “is not very high” and the impact would be limited since the FHA is likely to cut rates only by about 30 basis points before hitting the ...
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HUD IG Not Done with Scrutiny of Downpayment Assistance Program

August 17, 2016
George Brooks
The IG suggested that state HFA downpayment assistance programs are no different than the seller-funded DPA arrangements that led to huge losses for the FHA…
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MountainView Selling $3 Billion of Ginnie Mae Servicing Rights

August 16, 2016
Paul Muolo
In a tough Ginnie MSR market, servicing advisors believe deals can get done as long as the seller has realistic expectations on price.
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