Private mortgage insurers were the largest providers of insurance coverage on purchase loans securitized by the three agencies in early 2017, according to a new Inside Mortgage Finance analysis. Private MI coverage was attached to $40.08 billion of purchase mortgages securitized by Fannie Mae and Freddie Mac during the first quarter. That equaled 26.3 percent of total purchase business by the two government-sponsored enterprises and Ginnie Mae. The FHA provided...[Includes one data table]
During his long career in mortgage finance, Marzol held senior posts at Fannie Mae where he served as executive vice president and chief credit officer...
Total issuance of agency single-family MBS rose a scant 0.6 percent from March to April, according to a new Inside MBS & ABS analysis and ranking. All of the increase came from Ginnie Mae issuance, which rose 16.1 percent from March, hitting $36.30 billion in April. Things were different for the two government-sponsored enterprises: Fannie Mae saw a 3.4 percent decline from the previous month and Freddie Mac volume was down 13.0 percent. Ginnie fared...[Includes two data tables]
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