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The New White House Budget: $151.5 Billion of GSE Dividends to Come – Right to Uncle Sam

February 9, 2016
Paul Muolo
The White House still wants to kill Fannie and Freddie, but in the meantime it benefits from the their healthy revenue streams...
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Jefferies Rolls Out MBS Backed by a Revolving Warehouse Line

February 9, 2016
Brandon Ivey
The loans backing the bond will be originated by nonbanks Ditech Financial and loanDepot.
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Short Takes: Margin Calls May Pose a Risk to Nonbanks? / Who Thought Rates Would Go This Low? / FHA Subject to ‘Black Swans’ / HUD, Philadelphia and the X-Files / FHA Condo Financing Relief on the Way?

February 9, 2016
George Brooks and Paul Muolo
In its new annual budget, the White House declares that the FHA mutual mortgage insurance fund is vulnerable to “Black Swans...”
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Quicken Asks Mortgage Insurance Firms to Cut a Deal on MI

February 8, 2016
Paul Muolo
Quicken said it "will evaluate all bids once received and make the decision to partner with one or two providers. Our plan is to reevaluate this process regularly."
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Fitch Issues MBS Warning on Home Prices in the San Francisco Area; 14 Percent Overvalued?

February 8, 2016
Carisa Chappell
Other parts of the nation with the caution light on include Florida and Texas…
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Short Takes: More Jumbo TRID Woes? / Prosperity Looks to Train Young LOs on ‘TRID’ / No LO Prima Donnas, Please / Quicken’s Grade on MI Audits / A Correction

February 8, 2016
Paul Muolo
TRID has become such a serious problem that some lenders are starting the education process early with new loan officers.
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Finally, Signs of Credit Loosening in the GSE Market

February 8, 2016
John Bancroft
In the fourth quarter, 20.3 percent of refi loans sold to the GSEs were in the low-score category, the highest level for the year.
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Fairholme Continues Push to Have FHFA Cough Up More PSPA Documents

February 8, 2016
Carisa Chappell
In November, Judge Sweeney denied Fannie Mae’s motion to quash or invalidate a subpoena issued by the plaintiff’s counsel…
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A $470 Million Settlement for HSBC; Bank Continues to Pay for the Sins of Household Finance

February 8, 2016
Brandon Ivey
During the subprime boom, HSBC owned Household Finance, a once-top ranked subprime lender and servicer that was later cited for lending and servicing violations.
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Issuance of Agency MBS Down Slightly in January; But Ginnie Production Rises

February 5, 2016
John Bancroft
Ginnie Mae even posted a 5.6 percent increase in refinance loan securitizations...
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Latest Imf News

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Featured Data

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