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A Noticeable Jump in Low-Credit Score Mortgages Sold to Fannie and Freddie

May 16, 2016
John Bancroft
In the first quarter, 11.2 percent of Fannie/Freddie purchase loans had credit scores below 700 and LTV ratios of 81 percent or higher. That was up from 7.4 percent in the fourth quarter…
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A New Idea on GSE Reform: Turn Fannie and Freddie Over to Ginnie?

May 16, 2016
Carisa Chappell
To significantly reduce credit risk, all mortgages sold to Ginnie 2.0 would require a private credit enhancement attached to the loans…
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Subprime Servicing Drops, Regulatory Issues Do Not

May 16, 2016
Brandon Ivey
Ocwen Financial continues to rule the roost in terms of subprime servicing…
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PennyMac Financial Units in $300 Million Offering of Private Notes; More MSR Buys?

May 16, 2016
Paul Muolo
PennyMac Financial is a top-10 ranked lender and may soon break into the top-10 in servicing as well…
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Short Takes: M&T Joins the Growing Club of Regional Banks Settling with Uncle / More Money for the MMIF / Nice Growth for Alaska Lender / FGMC Hires Executive Away from Blackstone’s Mortgage Firm

May 16, 2016
George Brooks and Paul Muolo
M&T Bank doesn’t even rank among the top 50 FHA-direct lenders in the nation, according to a recent ranking by affiliate publication Inside FHA/VA Lending...
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DOA (For Now): The Mortgage IPO Market

May 13, 2016
Paul Muolo
The poor stock performance of this group has bloodied the water for mortgage IPOs...
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Uncertainty Remains on Capital Requirements for Nonbank Servicers

May 13, 2016
Brandon Ivey
Accelerated growth through the acquisition of mortgage servicing rights is an undertaking that remains challenging to the industry, said the MMC…
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Investor Demand for Jumbos Remains Strong. But Don’t Expect the Loans to Wind Up in MBS

May 13, 2016
Brandon Ivey
Over the past five years, the issuance market for securitization has fluctuated between feast and famine, noted one executive…
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Mortgage REITs Scale Back MBS Holdings in 1Q16, But...

May 13, 2016
John Bancroft
The MBS holdings of 16 top mortgage REITs were down 0.3 percent from the fourth quarter...
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What We’re Hearing: ‘Deferred Tax Assets’ at the GSEs Top $55B But … / Time to Wipe Out Some GSE Shareholders? / Mortgage ‘Shorts’ Reduce Their Bets / What’s a Mortgage Call Center Really Worth? / Impac Looking for Deals?

May 13, 2016
Paul Muolo
One observer noted: “Talk about a government takeover! This feels third-world to me…”
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Latest Imf News

  • Residential MBS Issuance Declines Slightly in First Quarter

  • Originations Up on Annual Basis in 1Q at Chase, Wells

  • Trump Admin Plans to Constrain Home Price Appreciation

  • Sales of Existing Homes Decline in March

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Featured Data

  • ARM Production Bounces Back in Fourth Quarter

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Featured Reports

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