Short Takes: Comment Deadline for Freddie Proposal / S&D MBS From loanDepot / Delinquencies Decline / Snapdocs a Leader in eClosing Timelines April 22, 2024 Brandon Ivey The deadline to comment on Freddie Mac's proposal to acquire second liens is May 22.Read More
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.Read More
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.Read More
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
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