Wall Street to FHFA Regarding IL/SH Caps: Thanks June 18, 2021 Paul Muolo When one (cash) window closes, another opens...Read More
Fannie Negotiating With Seller/Servicers on Investor-Loan Cap. Some Told 3% is the New Normal? June 16, 2021 Paul Muolo and Dennis Hollier A Fannie spokesman said the mortgage giant, at this time, is not instituting a specific broad based 6% cap but...Read More
Loan Repurchases Spike Higher in Bank Mortgage Bank Units June 16, 2021 John Bancroft Most of the jump in bank repurchases in early 2021 came from USAA Federal Saving Bank...Read More
GSE Business Tumbles in May as Refi Well Runs Dry June 14, 2021 John Bancroft Rate-term transactions, the bread-and-butter of the refi market, declined 33.6% in May. GSE purchases of cash-out refinances fell 18.1% from April.Read More
Anxious About Adhering to the Investor-Loan Cap, Freddie Trims Deliveries Even More June 14, 2021 Paul Muolo The lender bulletin was released last week and got little notice. It’s effective for mortgages with settlement dates on or after July 1, 2021.Read More
Former Trump Ax on GSEs Weighs In: Reform is Done, It's All About Capital June 11, 2021 Dennis Hollier Perhaps the lone Democrat in the Trump administration, Phillips believes the nation needs both Fannie and Freddie...Read More
Agencies Lag Behind in 1Q21 Jumbo Mortgage Lending June 10, 2021 John Bancroft All things equal, "agency" jumbo volume might be expected to grow when loan limits are raised.Read More
Denial Rates for FHA Loans Highest Among All Loan Types June 9, 2021 Lisa Burden Roughly 14.1% of borrowers who applied for an FHA-insured purchase loan were turned down last year, compared to 12.4% in 2019.Read More
The GSEs Attempt Clarity on QM Changes June 4, 2021 Brandon Ivey The switch to the new standards created some complications for single-closing construction-to-permanent loans and other products...Read More
Next Up for the Biden Administration: GSE Reform (Not Really) June 3, 2021 Paul Muolo Well, at least the White House is thinking about it...Read More