In his report, KBW analyst Bose George said, “While Mel Watt, director of the FHFA, was questioned about some of these issues in past congressional hearings, this will be the first hearing to focus exclusively on this topic.”

Issuers pooled $19.63 billion of FHA and VA refi loans during the third quarter, down 11.6 percent from the previous period…

One source familiar with Eli Global’s mortgage operations said layoffs have occurred at the company’s mortgage unit...

Frater was also executive vice president at PNC Financial Services...

Issuance trends for non-agency mortgage-backed securities stocked with newly-originated mortgages were mixed in the third quarter....

It appears that the Senate is ready to tackle industry complaints about Fannie Mae and Freddie Mac pilot programs. The Senate Banking Housing and Urban Affairs Committee announced this week that they will hold a hearing on Oct. 18 to discuss the oversight of pilot programs at the government-sponsored enterprises. …

 This week the Federal Housing Finance Agency asked for input on Fannie Mae and Freddie Mac’s proposed Duty to Serve Plan modification for 2018-2020. Fannie’s proposal includes modifying actions to reflect revised rural investment targets based on enhanced market insight and experience since re-entering the low-income housing tax credit (LIHTC) equity market. Fannie also proposes making low income housing tax credit equity investments in 20 properties in 2018, 30 properties in 2019 and 30 properties in…

Purchase mortgages accounted for 71.4 percent of third-quarter GSE business…

EquiFi plans to license its shared equity product to other originators…

MI analysts agree that other than a few tweaks, the new PMIER requirements aren’t terribly different than the original proposal…