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Short Takes: Fed Vice Chair Fischer Says Go with the ‘Explicit’ Guarantee / Asking the Fed’s Opinion on GSE Reform? / FBR Bullish on MI / A Slight Pay Cut for MGIC’s CEO / Ocwen Hires Ex-Stonegate Executive

June 20, 2017
Paul Muolo
FBR believes continued changes at FHA will benefit private mortgage insurers...
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FHFA to Seek Authority to Examine Nonbank GSE Servicers

June 19, 2017
John Bancroft
Counterparty risk appears to be on the mind of the FHFA…
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A 15.1 Percent Jump in GSE Loan Buybacks for 1Q17, But Overall…

June 19, 2017
John Bancroft
There will likely be more buyback demands on the 2015 book of business in the future, but the total may not ever get to even 0.1 percent of issuance.
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CFPB Chief Cordray Fights Back Against Threat of ‘Contempt’

June 19, 2017
Thomas Ressler
CFPB Director Cordray has responded with a detailed account that differs with the committee staff report in a number of ways...
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Moody’s Weighs in as Non-Agency MBS Participants Continue to Work on Deal Agent Specifics

June 19, 2017
Brandon Ivey
Deal agent compensation likely would include additional fees for less common, more intensive work…
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PHH Closes on Freddie Mac MSR Sale, Amends Contract

June 19, 2017
Paul Muolo
The Fannie Mae portion of the MSR sale is expected to close sometime in the third quarter.
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Short Takes: loanDepot Beefs Up Social Media Research / Fairholme Attorney on the Phone / Stated-Income Loan from Silver Hill / What Cowen Expects / Premium Title Grows Sales Team

June 19, 2017
Carisa Chappell and Paul Muolo
Fairholme is scheduled to talk about its investment in Fannie Mae and Freddie Mac...
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Fannie Mae General Counsel Rumored for a Top Post At Treasury. What Does That Mean for GSE Reform?

June 16, 2017
Fannie Mae General Counsel Brian Brooks is rumored to be up for a top post at the Treasury Department, a development that if consummated would add yet another seasoned industry veteran familiar with the government-sponsored enterprises to the agency. What that might mean for “administrative” reform of Fannie Mae and Freddie Mac is another question. As Inside MBS & ABS went to press this week, Brooks – who joined Fannie from OneWest Bank in November 2014 – had not been...
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A Historic Shift? Ginnie Mae is Now No. 2 in MBS Outstanding. Should Fannie Worry?

June 16, 2017
John Bancroft
It’s Ginnie Mae by a nose: $1.704 trillion in MBS to Freddie Mac’s $1.703 trillion…
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Trump’s Treasury Department Seeks Regulatory Changes to Spur Non-Agency MBS Market

June 16, 2017
John Bancroft
Treasury said one problem with the current risk-retention rule is that it’s promulgated jointly by six different federal regulators.
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Latest Imf News

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