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Short Takes: Clearing the Decks for GSE R&R / Fannie and Freddie and Their Investment Bankers? / Help Wanted: Congressional Affairs Specialist at the FHFA / In the Spotlight: MFA Financial

October 10, 2019
Paul Muolo

By now, everyone knows the Federal Housing Finance Agency plans to hire an investment banking firm to assist with recap and release plans, but what about the GSEs?


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Originations are Strong but Lenders are Careful to Hire

October 10, 2019
Paul Muolo

There's a strong demand out there for mortgage processors, but overall, residential-related hiring has been tepid...


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Once Again, Mortgage Denial Rates Vary Among Racial Groups

October 10, 2019
Yemeng Yang

On purchase mortgages, African-Americans were denied 17.5% of the time compared to 8.0% for non-Hispanic whites…


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First-Time Home Buyer Business Up 20% in 3Q19, But Repeats Even Higher

October 10, 2019
John Bancroft

The FHA program saw the slowest gain in FTHB business, up just 13.6% from the previous period…


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Mortgage Vendor Altisource Yanks the Cord on RE Advisory Unit

October 10, 2019
Paul Muolo

Altisource’s share price is trading near a 52-week low. The vendor’s largest client is Ocwen Financial, a mega nonbank that’s struggled with profitability…

 


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Depositories Stepped Up Retail Originations, Sales in 2Q19

October 9, 2019
John Bancroft

Overall, banks and thrifts sold $165.10 billion through their mortgage banking operations during the second quarter, up 34.5% sequentially…


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KBW: If Trump Isn’t Reelected, GSE Progress Could be Endangered

October 9, 2019
Paul Muolo

KBW this week significantly hiked its price target on Fannie/Freddie common to $3 and $4 a share, respectively. For years, KBW’s price target for GSE common was a mere $1.


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JPMorgan Readies Credit-Risk Transfer Deal Linked to Non-Agency Mortgages

October 9, 2019
Brandon Ivey

 Fitch said the referenced mortgages will remain on balance sheet as unencumbered assets of JPMorgan Chase.


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Freddie Single-Family Chief David Lowman Sets Departure Date

October 8, 2019
Dennis Hollier

Departing GSE executive David Lowman: “With over six years at Freddie Mac, I want to take advantage of opportunities presented by the rapidly evolving mortgage finance marketplace and its adjacent industries."


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Short Takes: FHFA Sets the ‘Deliverables’ / The Value of the Contract? / The Waiting is the Hard Part (Montgomery Nomination) / High Marks / Non-QM Lender Declares a Dividend

October 8, 2019
Paul Muolo and George Brooks

Although Brian Montgomery has been sworn in, he still faces a hearing in the Senate. Meanwhile, the Senate’s time might be taken up with a possible impeachment trial…


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Latest Imf News

  • Bayview Creates Some Distance From Other Top Ginnie Servicers

  • FHA Proposes Alternative to Partial Claims

  • AGNC Returns to Profitability in Second Quarter

  • Lenders Looking to Increase Originations With Efficiency

More Imf News

Featured Data

  • Ginnie Issuance Soars in 2Q; Purchase Mortgages Strong

  • Non-Agency MBS Issuance Declines in Second Quarter

  • MBS/ABS Issuance Rises in 2Q26, But Momentum Stalls

  • Lenders Put an Emphasis on FHA, VA Loans in 2Q

More Featured Data

Featured Reports

  • Agency Seller-Issuer Profile: 1Q26 (PDF)

  • 2026 Mortgage Market Statistical Annual (PDF)

  • GSE Repurchase Activity: Cumulative Through Fourth Quarter 2025 (PDF Format)

  • Guide to Mortgage Lending to First-Time Homebuyers

More Latest Reports

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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