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Lenders Call on GSEs to Rescind Property Insurance Directive

November 19, 2024
Brandon Ivey
The GSEs detailed the property insurance requirements in bulletins in February, as directed by the Federal Housing Finance Agency.
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CFPB Expected to Be Busy Prior to Chopra’s Departure

November 19, 2024
Shannon Clark
While the CFPB might not move forward with rulemaking in the coming months, Director Rohit Chopra is expected to push forward with exams and advisory opinions.
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Fed’s Small Test Sales of MBS Prompt Speculation

November 19, 2024
Dennis Hollier
While the Fed hasn’t formally announced any intention to sell its MBS holdings in the short term, many market participants expect it to happen at some point in the future.
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Short Takes: Forbearance Rate Increases / Home Price Appreciation Stalls / FHFA Increases GSEs’ Multifamily Cap Slightly / Scott Calls for Halt on Rulemaking, Guidance

November 19, 2024
Brandon Ivey
The share of mortgages in forbearance increased from 0.34% as of the end of September to 0.47% at the end of October, according to the Mortgage Bankers Association.
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Tweaks Coming to Ginnie's New Capital Relief Rule?

November 18, 2024
Paul Muolo
One analytics official said he expects changes to be made to the capital guardrails.
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Primary MI Share Shifts Toward Government in 3Q

November 15, 2024
John Bancroft
Government mortgage insurance programs captured most of the primary MI gain in the third quarter.
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Ginnie Could Face Leadership Gap in Trump Transition

November 15, 2024
Monica Hogan
During Trump’s entire first term, Ginnie didn’t have a permanent president.
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Smaller Nonbanks Largely Maintain Profitability in 3Q

November 15, 2024
Brandon Ivey
Prior to the second quarter of 2024, lenders participating in the MBA survey posted losses, on average, for eight consecutive quarters.
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Cherry Hill REIT Shifts to Internal Management, Ditching Middleman

November 15, 2024
Brandon Ivey
The REIT and Cherry Hill Mortgage Management, the external manager owned by Stanley Middleman, disagree about whether CHMI should pay an $18.4 million fee to terminate the external management agreement.
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Short Takes: Powell Sees No Need to ‘Hurry’ Rate Cuts / More Lock-In / Strong Demand for MSR Securitization From Rithm / Non-Agency MBS Flowing Again

November 15, 2024
Brandon Ivey
“The economy is not sending any signals that we need to be in a hurry to lower rates,” said Federal Reserve Chair Jerome Powell.
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Latest Imf News

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