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Concerns Regarding Expiration of the GSE 'Patch' Overblown?

July 29, 2019
Paul Muolo

According to calculations made by Inside Mortgage Finance, the patch currently accounts for as much as 30% of single-family mortgages purchased by Fannie Mae and Freddie Mac. 


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What We’re Hearing: Timing is Everything (GSEs) / Dropping a Bomb / Can Fannie and Freddie Live with Less Business? / A Major Opportunity for Second Liens? / Alarm Bells / MGIC CEO Steps Down

July 26, 2019
Paul Muolo

Steve Harris of MIAC Capital Markets: “I guess this means less risk for the agencies and perhaps more for the private sector."

 


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A New Non-QM MBS From Deephaven

July 26, 2019
Paul Muolo

The presale report notes income on 47.5% of the loans was verified using “alternative methods,” which means personal or business bank statements.


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Non-Mortgage ABS Issuance Sees Modest Increase in 2Q19

July 26, 2019
John Bancroft

Although MBS issuance was strong in the second quarter, ABS deals were less robust...


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Another Bank Enters the Non-QM Arena: Waterstone

July 26, 2019

To date, much of the revival in the new “subprime” mortgage market (non-QM) has been driven exclusively by nonbanks, but that’s beginning to change...


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CFPB Declares the GSE ‘Patch’ Will Expire in January 2021; MBA Issues Statement of Caution

July 26, 2019
Yemeng Yang

MBA worries that if the GSE patch expires without any corresponding reforms to "preserve access to credit," the residential mortgage market will be disrupted...


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Short Takes: What About the GSE Shareholders? / Deal or No Deal? / The Authority to Sell a GSE Charter / Record Revenue for Lending Tree / How Much do Private Mortgage CEOs Earn?

July 25, 2019
Paul Muolo

How much do mortgage CEOs at private firms earn each year? We’ve been asking around of late and the answers we received offer a wide range... 


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HUD Discloses FHA Tech Snafu, Lost Documents and Data

July 25, 2019

To ensure lenders are not adversely impacted by the outage, FHA will make adjustments to response due dates.


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Time to (Seriously) Consider the Public Utility Model for the GSEs?

July 25, 2019
Dennis Hollier

Harvard's Don Layton on creating more competition for Fannie and Freddie: “I have not encountered any knowledgeable people who think it could happen quickly."


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A Blowout Origination Quarter for Home Lenders: A Hefty $565 Billion for 2Q19

July 25, 2019
John Bancroft

Which top-10 home lender had the largest sequential gain in 2Q19? Quicken? UWM? Guess again. It was Freedom Mortgage with 81.9%.


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Latest Imf News

  • Refis Drive Up Originations in Fourth Quarter

  • Pennymac’s Earnings Decline in 4Q With Competition for Refis

  • State Regulators Oppose OCC’s Proposal on Preemption

  • FHFA Adjusts Cap on GSEs’ Investment Portfolios

More Imf News

Featured Data

  • Ginnie Refi Issuance in 4Q Surges Closer to Pandemic Levels

  • Non-Agency MBS Issuance Jumps 61% in 2025

  • ABS Issuance Hits Record in 2025 Despite Late Decline

  • Private MI Business Stronger Than FHA in 4Q

More Featured Data

Featured Reports

  • IMF HMDA Dashboard: 2024

  • Top Mortgage Players: 3Q25 (PDF)

  • Lender Profiles 3Q25: Top 25 (PDF subscription)

  • Agency Channel Analysis: 3Q25 (PDF)

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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