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Okay, So the MMIF is North of 2 Percent, but Don’t Expect a Premium Cut

November 16, 2015
George Brooks
So, will the FHA cut the MIP? Absolutely not, at least not at this time.
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Short Takes: Private MIs Want Higher FHA Capital Standards / Ocwen Sells Short-Term Paper / CoreLogic Updates Risk Model on Jumbos / Due Diligence Providers Added / Correction

November 16, 2015
Brandon Ivey and Paul Muolo
Some believe the FHA MMIF minimum capital standard should be 4.5 percent, not 2.0 percent.
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Bank Demand for Jumbos Expected to Continue

November 16, 2015
Brandon Ivey
Jumbo mortgages have provided commercial banks and thrifts with good profits margins. Of course, it helps that deposit rates are almost non-existent.
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Freddie Mac’s Planned Whole Loan Securities Transaction Receives Rating

November 13, 2015
Brandon Ivey
The loans to be included in the deal are similar to the types of mortgages that have been included in jumbo MBS issued in recent years.
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Jumbo MBS on the Mend? Three Recent Deals Spark (Muted) Optimism

November 13, 2015
Brandon Ivey
Industry analysts suggest that while liquidity for new jumbo MBS remains limited, the securities can be a good investment.
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Recapping the GSEs While Promoting Affordable Housing – Can Such a Concept Fly?

November 13, 2015
Carisa Chappell
The authors want the Treasury Department to end the quarterly profit sweep and allow Fannie and Freddie to raise about $100 billion in additional capital through several rounds of new common stock sales...
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FHA Issues Interim Guidelines for Condo Project Approval

November 13, 2015
George Brooks
The interim guidelines modify three key areas where lender-complaints have been common, including a revision to the calculation of the owner-occupancy ratio.
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What We’re Hearing: loanDepot, What the Heck Happened? / Marketing Itself as Technology and Consumer Finance Firm / Eventually, the IPO Will Happen / Salivating Short Sellers? / Waiting on the FHA MMIF Audit

November 13, 2015
Paul Muolo
A handful of hedge funds were salivating at the prospect of shorting loanDepot's stock...
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A Break for MSAs? In PHH Filing, CFPB Does Not Assert That All Arrangements are Inherently Unlawful

November 12, 2015
Thomas Ressler
“I didn’t see any bold, new assertions in here,” said one legal source. “I think the CFPB has its theory and they’re sticking to it…”
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Another Milestone for Private MIs: 3Q Highest Business Volume Since the Bust

November 12, 2015
John Bancroft
The third-quarter figure was the largest new insurance written total for the industry since 1Q 2008, when private MIs booked $72.17 billion of new coverage.
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Latest Imf News

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