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Short Takes: GSEs Revise Guides / Purchase-Mortgage Lending Increases at Zillow / Fairway Touts LO Recruits / Annaly Fast With MBS

May 2, 2024
Brandon Ivey
The GSEs established a formal definition for mortgages to first-generation homebuyers.
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Non-Interest MF Income Drives Freddie 1Q24 Profits

May 1, 2024
Dennis Hollier
Risk management activities in Freddie's multifamily business generate $1 billion in revenues in the first quarter, more than doubling its 4Q23 figures.
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Fannie Increases Profits Despite Decline in Acquisitions

April 30, 2024
Dennis Hollier
Acquisitions may be the lowest they've been since the 3Q20, but accounting rules keep earnings on an even keel.
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FHFA Final Rule Codifies Equitable Housing Finance Plans

April 30, 2024
Dennis Hollier
FHFA turns the equitable housing finance plans of the GSEs and other agency-directed fair housing activities into regulations.
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Delinquencies on Agency MBS Decline in First Quarter

April 24, 2024
Namrata Bhatia
The overall delinquency rate across all three agencies declined 36 basis points in the first quarter to 2.78%.
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Nonbanks Gain More Share of GSE Servicing in First Quarter

April 23, 2024
Brandon Ivey
Mr. Cooper Group, the largest nonbank GSE servicer and second-largest GSE servicer overall, increased its portfolio by 8.6% during the first quarter.
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Climate Risks for Lenders Seen as ‘Manageable’

April 22, 2024
Dennis Hollier
Sam Khater, chief economist at Freddie Mac, described the issue as “urgent, but manageable,” an opinion shared by others at the conference hosted by Americatalyst.
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Loans With Primary MI Gain Share in First Quarter

April 19, 2024
John Bancroft
The share of mortgages with primary MI increased by 2.1% in the first quarter, based on agency MBS issuance.
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Thompson Pressed on Title Pilot at Hearing

April 19, 2024
Dennis Hollier
The decision to revive the pilot came just days before President Biden’s State of the Union address.
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Short Takes: Bank Expands Mortgage Efforts / AAA Ratings for the GSEs / Home Sales Decline / Small M&A Deal

April 19, 2024
Brandon Ivey
“We believe mortgage banking will provide additional service to our customers and eventually contribute to our profitability,” Bank OZK said.
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