A Slight Sequential Decline in Fannie/Freddie MBS Issuance February 18, 2020 John Bancroft Still, January production was more than double the volume produced by the two GSEs in the first month of 2019. Read More
In the G-Fee Race, Freddie Finishes First February 14, 2020 John Bancroft Fannie’s average g-fee in the fourth quarter was up as well, but by just one basis point.Read More
Strong 4Q Profits for the GSEs. However... February 13, 2020 Paul Muolo For GSE watchers the bottom line boils down to this: Both continue to earn money hand over fist and for now get to keep all their earnings instead of forking it over to the U.S. Treasury in the form of dividends.Read More
Plan to Hike Capital for Nonbank Servicers Met with Disdain February 11, 2020 Dennis Hollier Some industry trade groups have an uneasy feeling about the proposal... Read More
Trump Proposes a Hike in Fannie/Freddie Guarantee Fees February 11, 2020 Paul Muolo A 10 basis point hike in g-fees will not go over very well with the industry... Read More
FHFA Moves to Shore Up Servicer Liquidity. Is the Industry Prepared? February 7, 2020 The FHFA is tweaking standards regarding minimum net worth and liquidity. The tangible net worth ratio is unchanged at 6% of total assets.Read More
A Mortgage Slowdown Afoot? Hardly. Agency MBS Issuance Stays Strong February 7, 2020 John Bancroft Fun fact: January’s new issuance was more than double the total produced in the first month of 2019. Read More
FHFA Moves Closer to Ditching LIBOR February 5, 2020 Dennis Hollier The GSE regulator said its expects SOFR ARMs to be delivered in the second half of 2020...Read More
GSE Credit-Risk Transfers Set Record in 4Q19 February 5, 2020 John Bancroft The fourth-quarter burst of CRT issuance represented a 70.7% increase from the prior period… Read More
JPM and Wells Fargo Losing Interest in Agency Servicing? February 5, 2020 John Bancroft Despite the slippage, Wells and JPM still rank first and second, respectively, in agency servicing… Read More
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