SIFMA noted that in recent years both the FHFA and Congress have increased the GSEs’ guarantee fees in an effort to reduce their market share and make non-agency MBS issuance more competitive.
Mortgage origination volume was up in all three major production channels during the second quarter of 2014, with a slight shift in market share toward the retail channel as well as to brokers, according to a new Inside Mortgage Finance analysis and ranking.
The Federal Home Loan Bank of Des Moines and the Federal Home Loan Bank of Seattle jointly announced that they have entered into merger discussions, but don’t expect a rash of FHLBank consolidations regardless of the outcome, says an expert. The two institutions “entered into an exclusivity arrangement regarding a potential merger,” the two FHLBanks announced last week. The proposed merger of the FHLBank of Des Moines and the smaller, troubled FHLBank of Seattle would create an institution with more than 1,500 member financial institutions in 13 states and three U.S. territories in the Pacific Ocean.