Agency Servicing Volume Tops $9.0 Trillion in Third Quarter December 15, 2023 John Bancroft Ginnie continued to set the pace as its single-family servicing grew by 2.4% in the third quarter.Read More
Short Takes: UWM Cuts Rates for Refis / Loan Defects Decline / New Equity-Sharing Product / Fannie’s CRT Issuance to Slow December 14, 2023 Brandon Ivey UWM is offering interest rate discounts on loans from streamlined refi programs at FHA and VA.Read More
Short Takes: Improving Outlook for Private MIs / PacWest Merges With Banc of California / Buyback on 1997 Mortgage / A Low for Home Sales December 1, 2023 Brandon Ivey and John Bancroft Fitch adjusted its outlook for the mortgage insurance industry from “deteriorating” to “neutral.”Read More
FHFA Formally Reduces Fee on Commingled Securities November 22, 2023 Dennis Hollier Several commenters argued that any capital requirement on commingled securities might interfere with the fungibility of the uniform mortgage-backed security.Read More
Fannie CEO to Take On President Role as Well November 15, 2023 Dennis Hollier Fannie President David Benson and Chief Administrative Officer Jeffery Hayward announce their retirements.Read More
Short Takes: Applications Increase / GSE Multifamily Cap Declines / FHA Property Inspection Fees / Fannie Offers CRT November 15, 2023 Brandon Ivey Mortgage applications were up 2.8% on a weekly basis while interest rates stayed put.Read More
GSE Mortgage Holdings Decline in 3Q November 9, 2023 Dennis Hollier Fannie Mae's portfolio has only been smaller once since the financial crisis.Read More
Short Takes: Nonbanks Not in FHFA’s Plans for FHLBanks / Applications Tick Up / New MBS From Verus / Pretium Wins Fannie NPL Auction November 8, 2023 Brandon Ivey FHFA left it up to Congress to decide whether nonbanks should be provided access to Federal Home Loan Bank advances.Read More
Fannie Earnings Remain Stable in an Unstable World October 31, 2023 Dennis Hollier A $491 million payout to junior preferred shareholders in the third quarter cuts Fannie Mae profits to $4.7 billion.Read More
GSE Shareholders Get Another Win October 25, 2023 Dennis Hollier A federal district court adds interest to the damages a jury awarded Fannie Mae shareholders in August.Read More