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GSE Foreclosure Preventions Surpass $4M in 4Q, Hurricanes Raise Delinquencies

March 23, 2018
Carisa Chappell
The Federal Housing Finance Agency reported this week that the GSEs completed 67,569 foreclosure prevention actions in the fourth quarter of 2017.
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Short Takes: CRTs Criticized/Existing Sales Up in South, West/Fannie Wins Green Award/Closing Time Shrinks/FHLBank Divide

March 23, 2018
Carisa Chappell
Former Fannie Mae executive and critic of the government-sponsored enterprises’ credit-risk transfer programs, Tim Howard, said on his blog this week that CRTs only help “sustain what has become a very profitable program for Wall Street firms and capital market investors.”
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Ginnie and Freddie Drive Agency Servicing Increases in 2017, Nonbanks Expanding

March 22, 2018
John Bancroft
The mortgage servicing business racked up its third consecutive year of steady growth in 2017.
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UBS Reaches $230 Million Settlement with New York on Issues with Pre-Crisis Non-Agency MBS

March 22, 2018
Brandon Ivey
UBS agreed to a $230.0 million settlement on Wednesday with the New York attorney general to resolve issues with pre-crisis non-agency mortgage-backed securities.
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Freddie Mac Has First Nonperforming Loan Sale of 2018

March 22, 2018
Carisa Chappell
Freddie Mac announced its first non-performing loan sale of the year this week.
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Study Shows Borrower Counseling Spurs Buyers to be More Vigilant

March 22, 2018
Carisa Chappell
Consumers who take part in homebuyer education and counseling classes are more satisfied with the mortgage process.
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Former CEO of Payday Lender Wants to Run the CFPB

March 22, 2018
Yemeng Yang
Former World Acceptance Corp. CEO Janet Lewis Matricciani wants to apply for the position of CFPB director .
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GSE Repurchases Hit Record Low in 2017, Freddie Shows a Faster Decline

March 21, 2018
John Bancroft
GSE buyback volume fell 11.6 percent from the 2016 total, including an 11.4 percent drop from the third to the fourth quarter of last year.
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Chase Set to Issue Another Non-Agency MBS Mixing Jumbos and GSE-Eligible Loans

March 21, 2018
Brandon Ivey
Some 1,348 loans will be included in the issuance, divided nearly evenly between jumbo mortgages and loans eligible for sale to the government-sponsored enterprises.
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MBA Pushes CFPB for Guidance Instead of Regulation by Enforcement

March 21, 2018
Yemeng Yang
“On previous occasions when the bureau has issued guidance, its value has been negated by disclaimers making the guidance non-binding on the bureau,” the Mortgage Bankers Association said.
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Latest Imf News

  • Pulte Orders VS4 Rollout, Considers Bi-Merge for GSEs

  • Castlelake and Redwood Bring First Joint Jumbo MBS

  • Pending Inflation Reading Key for Rates With Jobs Market Resilient

  • Bank Holdings of Residential MBS Tick Up in 2Q

More Imf News

Featured Data

  • Slowing Refis Drag on Ginnie Issuance in July

  • Chase Non-Agency RMBS Servicing Rebounds in 2Q

  • Fitch Retains Top Ranking in MBS & ABS Ratings in 2Q

  • Refis Trail Off in 2Q, Purchase Lending Slightly Ahead of 2025

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Featured Reports

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More Latest Reports

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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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