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Surprise: In 4Q17, GSE MBS Issuance Actually Increased

January 4, 2018
John Bancroft
Fact: Fannie and Freddie securitized more purchase-money mortgages in 2017 – $472.77 billion – than in any year since 2007.
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GOP Tax Bill Will Boost GSE Earnings by $3 Billion. However…

January 4, 2018
Paul Muolo
And now for the bad news: The lower corporate tax rate will force Fannie and Freddie to write down the value of their deferred tax assets by $15.3 billion…
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Redwood Set to Issue First Prime Jumbo MBS Deal of the Year

January 4, 2018
Brandon Ivey
Clayton reviewed 481 mortgages that are slated for securitization…
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Incenter Out with Another MSR Offering, This One for $3 Billion

January 4, 2018
Paul Muolo
The delinquency rate on the MSR portfolio is 1.02 percent...
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Angel Oak Raises Almost $300 Million for Non-QM Investments

January 4, 2018
Paul Muolo
Angel Oak has securitized $850 million of non-QM loans since 2015.
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Short Takes: Senate GSE Bill Due Out This Month? / But Will it Pass? / The Unstoppable LendingTree / Mortgages and the Weed Trade? / Hamilton Hires Former Wells-JPM-Freddie Exec to be CEO

January 4, 2018
Paul Muolo
When Fannie and Freddie request a fresh draw of taxpayer funds from Treasury to deal with their DTA "problem," it will poison the well for conservative Republicans...
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Prime Non-Agency MBS Could Boom This Year

January 3, 2018
Brandon Ivey
Although a final tally has yet to be issued, volume for the year could total nearly $9.3 billion…
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FHA Nominee Montgomery Has to Resubmit Financials. A March Seating?

January 3, 2018
Paul Muolo
Like scores of other Trump appointees, a final vote on Montgomery’s nomination as assistant secretary for Housing was not acted upon by yearend…
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Notwithstanding Efforts to Resolve FCA Issue, Lenders Remain at Risk

January 3, 2018
George Brooks
Aggressive FCA enforcement and steep settlement amounts have caused some banks to exit from the FHA market.
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IMA Launches First MSR Auction of the New Year

January 3, 2018
Paul Muolo
The seller will consider separate bids on the conventional and government portions…
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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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