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Fannie Posts Net Profit of $4.5B for 2Q, Will Upstream All of it to Treasury by Sept. 30

August 2, 2018
Carisa Chappell and Paul Muolo
Fannie Mae's "account surplus" with Uncle Sam continues to grow...
Read More

Servicing Market Continues Deconsolidation Trend, Big Banks Keep Slipping

August 2, 2018
John Bancroft
The biggest gainer among the top 50: New American Funding in California…
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Fannie Posts Net Profit of $4.5B for 2Q, Will Upstream All of it to Treasury by Sept. 30

August 2, 2018
Carisa Chappell and Paul Muolo
An $8.8 billion profit for the first-half of 2018 ... Not bad...
Read More

Prime Jumbo MBS Issuance Off to a Slow Start in 3Q18 as Redwood Brings a Smaller Deal

August 2, 2018
Brandon Ivey
Loans from United Shore account for 19.0 percent of the new issuance.
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Wells Pays $2 Billion Penalty to Feds for Disclosure Issues on Pre-Crisis Non-Agency MBS

August 2, 2018
Brandon Ivey
In settling, Wells – the nation’s largest home lender and servicer – did not admit any liability.
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Senate Lawmakers Consider Proposal to Increase VA Home Loan Fees

August 2, 2018
George Brooks
It's unclear whether the proposed increase in VA home loan fees would be used to fund an expected increase in veteran health-care costs…
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Short Takes: Roll Up Those GSE Wheelbarrows Full of Cash / Kraninger and Bright Will Have to Wait / Mulvaney and the GSEs? / Rep. Waters has Fintech Worries / Better Mortgage, Better Volumes

August 2, 2018
Paul Muolo and Yemeng Yang
Rep. Maxine Waters, D-CA, is none too thrilled with plans by the Treasury Department and Comptroller of the Currency to open up federal banking charters to fintech firms.
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OCC Tells Fintech Firms It’s Open for Business, Send In Your Charter Apps…

August 1, 2018
Paul Muolo
There are dozens of residential lenders that use the phrase “fintech” to describe their activities, but whether they will file to become a depository is a different matter.
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The Poor Performance of the Fairholme Fund? Blame Fannie and Freddie

August 1, 2018
Paul Muolo
Fairholme: “Fund performance was disappointing in the first half mostly due to the decline in the preferred shares of Fannie Mae and Freddie Mac…”
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Treasury Likes Fintech but CSBS Has Major Concerns on Handing Out Charters

August 1, 2018
Yemeng Yang
The report makes more than 80 recommendations related to fintech and nonbank financial policy.
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