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The Love Affair Gets Serious: Bank Holdings of MBS Set a New Record

May 24, 2019
John Bancroft

Most of the first-quarter MBS gains came in holdings of Fannie Mae and Freddie Mac pass-throughs…


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New York State RE Investor Indicted in MF Fraud, GSEs were Victims

May 24, 2019
Dennis Hollier

Prosecutors say the defendants doctored the income and purchase prices multifamily properties by maintaining a second set of books, and using fake liens, false contracts, and inflated invoices...


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Short Takes: On the GSE Gas Pipe: Cash-out Refis? / A Mouthwatering Wholesale Market Share for UWM / Non-QM Funders Move Up / ‘Linked-Notes’ from MGIC / Mortgage Apps Up, New Homes Sales Down

May 23, 2019
Paul Muolo

Should Fannie and Freddie be allowed to purchase and securitize cash-out refis?


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Worried About Credit Risk? Stick to Retail

May 22, 2019
John Bancroft

In the first quarter of 2019, the average credit score for retail production was 725.97, 7.3 points higher than the average for correspondent production...


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Mortgage Industry Digests Calabria’s Remarks. No Details (Yet) on Recap & Release

May 21, 2019
Paul Muolo

FHFA Director Mark Calabria: "For instance, we are actively reviewing all recent expansions into new markets and activities to put an end to the era of charter creep."


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To the Rescue of Fannie and Freddie: The Spring Homebuying Season

May 21, 2019
John Bancroft

GSE purchase business totaled $40.5 billion, the strongest reading since November...


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Phillips Staying at Treasury Until Reform Plan Is Drafted

May 20, 2019
Brandon Ivey

Craig Phillips plans to stay at the Treasury Department until the agency's housing finance reform plan is drafted. President Trump noted that "many geniuses" will contribute to the plan.


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Short Takes: Great Expectations? / One Stock You Can Bet On / How Big Is PIMCO in Mortgages? Very Big / Another Departure at Ginnie Mae

May 16, 2019
Paul Muolo
Finding value in GSE equities: It's complicated...
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Jumbo Lending Stands Out in 1Q19 Production Slump

May 16, 2019
John Bancroft

Conventional-conforming loans still accounted for over half of total first-lien originations in 1Q19 but volume was down 9.0% sequentially...


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Economists at the NAR Show: Not So Fast, Mr. Calabria

May 16, 2019
Dennis Hollier
New FHFA director Mark Calabria spoke at the NAR legislative conference this week and then economists on a later panel picked apart his ideas...
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