Will Higher Rates Crush Originations in 2017? Freddie Mac Thinks So December 13, 2016 Brandon Ivey Freddie Mac believes that refis will decline by 53.0 percent from 2016 to 2017…Read More
Candidates for FHA Commissioner: Homebuilder Ed Brady and HFSC GC Clinton Jones December 13, 2016 Paul Muolo The FHA commissioner in the Trump White House will have final say on the key issue of adjusting FHA premiums and loan sizes, and likely would have input on GSE reform. Read More
Short Takes: Ginnie Mae Finally Releases ‘New and Improved’ Acknowledgement Agreement / Why the AA is So Important / GSEs Issue Holiday Moratorium on Evictions / MIAC Hires Industry Vet Mike Bugbee December 13, 2016 Carisa Chappell and Paul Muolo Financiers hope the new AA will increase liquidity for nonbanks that play in the Ginnie market…Read More
GSE Buybacks Spiked Upwards in 3Q16. The Reason: The Ghost of Countrywide December 12, 2016 John Bancroft Fannie Mae largely closed the books on legacy buyback issues last year…Read More
Will Trump’s ‘No New Regs’ Mandate Apply to the CFPB? December 12, 2016 Thomas Ressler Then, if the heads of the executive agencies didn’t comply, President Trump could fire them.Read More
‘FinTech’ Firm SoFi Readies its First Non-Agency MBS; Deal will be Stocked with QMs from CA December 12, 2016 Brandon Ivey Some of the debt-to-income ratios in the new SoFi MBS are below 20 percent.Read More
As Rates Continue to Rise, $20 Billion of MSRs About to Hit the Market, At Least December 12, 2016 Paul Muolo One market watcher said two other mortgage servicing rights packages totaling $10 billion are ready for bid.Read More
Ally Bank Unveils ‘Direct-to-Consumer’ Mortgage Launch December 12, 2016 Paul Muolo With refis drying up, Ally is ready to launch a direct-to-consumer mortgage effort…Read More
Short Takes: The 10-Year Gets Ugly / Losing Refi Customers / Maybe Mortgage Bankers Should Revisit Their Volume Estimates for 2017 / Angelo Mozilo, a Good Pick for HUD Secretary? / FGMC Hires Former BofA Executive December 12, 2016 Brandon Ivey and Paul Muolo JPMorgan Chase readies its fifth jumbo MBS deal of the year...Read More
Solid Growth in Outstanding 1-Family MBS During 3Q16; Strong Demand from Investors December 9, 2016 John Bancroft The Federal Reserve continues to be the largest investor in the MBS market, though it has long since stopped growing its portfolio…Read More
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