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A Done Deal: Fannie Mae Sells Its DC Headquarters – for $89 Million

December 1, 2016
Carisa Chappell
All three buildings hit the market in October 2015. According to records from the District of Columbia’s Office of Tax and Revenue, the parcels were once valued at almost $200 million.
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Short Takes: Mnuchin Turned Down Fannie CEO Job / Lockhart and Ross / More HUD Transition Team Members Named / SFIG Releases ‘Green Paper’ / CFPB Servicing Update / New Texas Retail Chief for Gateway

December 1, 2016
Brandon Ivey, Paul Muolo, and Thomas Ressler
The Trump administration has added two more transition team members to HUD. Still, no word yet on whether Ben Carson wants to the secretary job...
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Warehouse Sector Continues to Hum Along. Commitments Rise but Managers Express Concern About Rising Rates

December 1, 2016
Warehouse providers ended the third quarter with $58.0 billion of commitments on their books, a modest improvement over the prior period and a sign that nonbanks still hunger for residential credit. Compared to the same quarter a year ago, warehouse commitments increased an impressive 23.4 percent, according to survey figures compiled by Inside Mortgage Finance. That’s the good news. Now comes the bad: with interest rates rising since the election, warehouse managers are voicing their concern about what may lie ahead, namely lower originations. “Right now it feels...[Includes one data table]
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Mortgage Complaints Down 6 Percent from Last Year

November 30, 2016
Thomas Ressler
Despite the improvement in gripes filed, mortgage complaints are among the top three areas where consumers feel they are being taken advantage of…
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Lone Star Readies Another MBS Backed by New Nonprime Mortgages

November 30, 2016
Brandon Ivey
The mortgages were originated by Lone Star affiliate Caliber Home Loans, but also LendSure Mortgage and Sterling Bank & Trust.
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Incoming Treasury Chief Mnuchin: Resolving Fannie and Freddie a Top Priority. Share Prices Soar!

November 30, 2016
Paul Muolo
As IMFnews went to press Wednesday, Mnuchin said in a Fox TV interview that resolving Fannie and Freddie will be a top priority.
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GSE Single-Family Business Slumped in October, Credit Box Unchanged

November 30, 2016
John Bancroft
Expanding the credit box will be a major theme in the GSEs’ priorities for 2017, according to the FHFA.
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Bank Holdings of Non-Mortgage ABS Continued to Fade, But the Market Itself Stalled in 3Q16

November 30, 2016
John Bancroft
The ABS market itself shrank slightly during the third quarter, according to data reported by the Securities Industry and Finance Markets Association...
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Short Takes: High Hopes for GSE ‘Recap and Release’ / Mnuchin Will be Confirmed / Another Mortgage Deal for Incenter LLC / Arch in Huge Debt Offering / What’s $20 Trillion Among Friends?

November 30, 2016
Paul Muolo
In case you haven’t noticed: the national debt is ready to crack the $20 trillion mark – almost twice the dollar volume of outstanding residential debt in the United States.
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Trump May Mean Less Federal Enforcement, but the States Will Remain Aggressive

November 29, 2016
Thomas Ressler
A reason to worry: several federal consumer financial protection laws give direct enforcement authority to the states…
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