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Short Takes: Ginnie Limiting Buydown Deliveries / PennyMac Upsizes Debt Offering / Flurry of Non-Agency MBS / Profits Down Slightly at BPL Lender

May 2, 2025
Brandon Ivey
Ginnie Mae is instituting a temporary 10% cap on the share of mortgages with buydowns delivered into multiple issuer pools of Ginnie MBS.
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Lower Revenues, but Steady Profit at Freddie

May 1, 2025
Dennis Hollier
FHFA Director Bill Pulte didn't participate in Freddie's first-quarter earnings call, as he did for Fannie's on Wednesday, but his presence was felt.
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Short Takes: House Committee Approves Large Cut to CFPB’s Budget / Pending Home Sales Up / Large Nonbanks in Good Spot / New Expanded-Credit MBS From Ares

May 1, 2025
Brandon Ivey
The House Financial Services Committee moved a bill forward that would reduce the budget for the Consumer Financial Protection Bureau by close to 70%.
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Fannie Earnings Stable in First Quarter

April 30, 2025
Dennis Hollier
FHFA's new director made an appearance at Fannie Mae's first-quarter earnings call.
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Trump Administration Orders End of Disparate-Impact Analysis

April 29, 2025
Shannon Clark
The Consumer Financial Protection Bureau has already followed through with the directive.
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Short Takes: Home Price Appreciation Slows / More Judicial Scrutiny of CFPB Layoffs / Rate Launches Expanded-Credit Products / FHA Revises Foreclosure Sale Policy / Wells Free From CFPB Consent Order

April 29, 2025
Brandon Ivey
Home prices increased by 0.1% on a monthly basis in February.
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NCUA in Limbo as Trump Fires Democrats on Board

April 17, 2025
Brandon Ivey
The move leaves the board with just Kyle Hauptman as chairman, limiting what the regulator can do.
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Short Takes: Powell on Tariffs / Pulte Threatens Mortgage ‘Recall’ / New Credit Score Model From VantageScore / RTL Securitization From Temple View

April 17, 2025
Brandon Ivey
“The level of the tariff increases announced so far is significantly larger than anticipated,” said Fed Chair Jerome Powell.
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Ackman Pitches Re-Privatization of GSEs

April 16, 2025
Dennis Hollier
Pershing Square founder Bill Ackman says both GSEs could exit conservatorship by the end of 2027 if certain assumptions are met.
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Short Takes: New Leader at Ginnie / Mortgage Applications Slow / Appraisal Relief Tied to LA Wildfires / FHFA Seeks Fraud Tips

April 16, 2025
Brandon Ivey
Joseph Gormley is the new executive vice president and chief operating officer at Ginnie Mae.
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