Freddie Asks for Permission to Acquire Second Liens April 17, 2024 Dennis Hollier Because this would technically be a new product, it’s subject to FHFA approval and requires a 30-day public notice period.Read More
Short Takes: Inflation Reaction / No Give in Home Prices, Yet / LoanCare Rated on Servicing Second Liens / BofA Servicer Ratings Upgraded April 12, 2024 Brandon Ivey There's a disconnect between inflation readings and reactions to the figures, according to Sam Khater, chief economist at Freddie Mac.Read More
Refi Business With Primary MI Jumps in First Quarter April 10, 2024 Namrata Bhatia The share of refis with MI coverage in the agency MBS market grew from 10.3% in the fourth quarter of 2023 to 14.6% in the first quarter.Read More
Fairholme GSE Lawsuit Is Over; Time for the Appeal? March 21, 2024 Dennis Hollier Now that Judge Lamberth has issued his memorandum and order, the litigants can prepare for the (inevitable?) appeal.Read More
Freddie Mac Taps President as Interim CEO March 18, 2024 Dennis Hollier If Hutchins becomes the "permanent" CEO of Freddie, the change, ironically, would result in a pay cut...Read More
Biden Administration in No Rush on GSE Reform March 12, 2024 Brandon Ivey President Biden's budget proposal for fiscal year 2025 included a brief section addressing the future of the housing finance system.Read More
FHFA Plans to Revise Survey of Borrowers March 12, 2024 Dennis Hollier FHFA said changes to the survey will help to inform its oversight of the GSEs and Federal Home Loan Banks.Read More
Short Takes: Biden Proposes Mortgage Tax Credit / Mixed Pricing Trends for Fannie’s CRT / New CRT From Freddie / Bank’s ARMs Go Into Annaly MBS March 8, 2024 Brandon Ivey President Biden proposed a tax credit of $400 a month to put toward a mortgage.Read More
Short Takes: Appropriations Bill Includes a Boost for Ginnie / MBA Hopes SEC Rule Is the Ceiling / Another Loss for FoA / Freddie Selling NPLs March 7, 2024 Brandon Ivey The appropriations bill includes $54 million in funding for Ginnie for fiscal year 2024 compared with $40 million in funding for FY 2023.Read More
Short Takes: Demand for Purchase Mortgages Increases / Rate Locks Up in February / New CEO at Carrington / Freddie Securitizing RPLs March 6, 2024 Brandon Ivey A small decline in interest rates last week helped to increase applications for purchase mortgages.Read More
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