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Short Takes: A Record March for Guaranteed Rate / Will Treasury Really Allow the GSE to Have More Capital? / Hog Wild or Baby Steps? / Take Off the Lobbying Strait Jacket? / Maloni? Bueller? / National MI Gets Cozy with NAMB

April 3, 2019
Paul Muolo
With Fannie and Freddie earning so much money these days (and returning almost all of it to Uncle Sam) haven’t the two earned the right to lobby Congress regarding their future?
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FHFA Authorizes GSE Payments to Affordable Housing Trust Funds

April 3, 2019
Dennis Hollier
Fannie’s contribution totals $215.0 million. Freddie will kick in $161.7 million...
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Short Takes: Tennessee Bank Exiting Third-Party Production / Plaza Home Expands Non-QM Offerings / 23 Groups Want Expedited Vote on FHFA Nominee / Calabria Knows the Risks / The Signors Are…

April 2, 2019
Paul Muolo and Brandon Ivey
The letter does not specify what these new policies might be. Some type of administrative reforms, perhaps?
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Short Takes: No April Fools Day Joke: Policy Whiplash / A Drop in Policy Risk? / Trying to Figure Out Democrats and Republicans / Drowning in Student Loan Debt? / If Loan Officers Don’t Move Up, Move Them Out / A New Branch for Castle & Cooke

April 1, 2019
Paul Muolo
One consultant advises loan officers to move up or get moved out...
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What We’re Hearing: President Trump and GSE Reform / The NEC and Treasury, Cheek-to-Cheek on Fannie and Freddie? / Time to Hire an Investment Banker / Tim Who? / Altisource Unloads a Division / Odeon Hires Bove

March 29, 2019
Paul Muolo
Wells Fargo ranks first among home lenders and servicers – and with or without Tim Sloan, that’s not likely to change anytime soon…
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Nonbanks Conquer Larger Share of New Agency MBS

March 29, 2019
John Bancroft
Nonbanks reached a milestone in 2018: They became the dominant source of new issuance of Fannie/Freddie MBS…
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Crapo’s GSE Plan Praised (More or Less). However…

March 29, 2019
Yemeng Yang
Former GSE regulator Ed DeMarco: “The chairman’s outline captures the consensus elements of prior reform proposals and serves as a solid workable foundation from which to develop legislation.”
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GSE Share of High DTI Mortgages Nearly Doubled from 2015 to 2018

March 28, 2019
John Bancroft
The FHA and VA loan programs also get special treatment under the ability-to-repay rule…
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How Long Will it Take for Treasury to Come Up with a GSE Plan?

March 28, 2019
Paul Muolo
Meanwhile, HUD needs to assess whether the HECM program should survive...
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Concerns About Profit Margins Ease, Somewhat

March 28, 2019
Brandon Ivey
Some 20% of lenders surveyed expect profit margins to increase in 2Q19, up from an 11% share the previous quarter…
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