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Home » Topics » IMFnews » Secondary/MBS

Secondary/MBS
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What We’re Hearing: President Trump and GSE Reform / The NEC and Treasury, Cheek-to-Cheek on Fannie and Freddie? / Time to Hire an Investment Banker / Tim Who? / Altisource Unloads a Division / Odeon Hires Bove

March 29, 2019
Paul Muolo
Wells Fargo ranks first among home lenders and servicers – and with or without Tim Sloan, that’s not likely to change anytime soon…
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Nonbanks Conquer Larger Share of New Agency MBS

March 29, 2019
John Bancroft
Nonbanks reached a milestone in 2018: They became the dominant source of new issuance of Fannie/Freddie MBS…
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Crapo’s GSE Plan Praised (More or Less). However…

March 29, 2019
Yemeng Yang
Former GSE regulator Ed DeMarco: “The chairman’s outline captures the consensus elements of prior reform proposals and serves as a solid workable foundation from which to develop legislation.”
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GSE Share of High DTI Mortgages Nearly Doubled from 2015 to 2018

March 28, 2019
John Bancroft
The FHA and VA loan programs also get special treatment under the ability-to-repay rule…
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How Long Will it Take for Treasury to Come Up with a GSE Plan?

March 28, 2019
Paul Muolo
Meanwhile, HUD needs to assess whether the HECM program should survive...
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Short Takes: What Happened to the GSE Rally? / Time for Treasury to Hire an Advisory Firm? / Trump Serves Notice to HUD as Well, HECMs a Big Concern / Where Did All the Senators Go? / Hugh Frater’s Other Job

March 28, 2019
Paul Muolo and Yemeng Yang
President Trump is concerned about the HECM program...
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President Trump Directs Treasury to Draft GSE Overhaul; White House Wants Final Say

March 27, 2019
Paul Muolo
“For each administrative reform, the Treasury housing reform plan shall include a timeline for implementation,” Trump writes.
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Neuberger Berman Set to Issue its Largest Expanded-Credit MBS to Date

March 27, 2019
Brandon Ivey
Most of the mortgages were sourced by Sprout Mortgage, Michael Strauss' shop...
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Hearings Commence on GSE Reform. NAHB Worries About ‘Administrative’ Changes, Academic Trashes Crapo’s Ideas

March 26, 2019
Paul Muolo
Georgetown Law Professor Adam Levitin: “I am deeply concerned about the basic direction of the chairman’s housing-finance reform proposal outline..."
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MBA Research: A Net Origination Loss of $200 Per Loan in 4Q18

March 26, 2019
Paul Muolo
Added MBA’s Walsh: “On the servicing side of the business, mortgage servicing impairments resulting from December’s drop in interest rates hurt profitability.”
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