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GSEs Not Pleased With FHFA's Re-Proposed Capital Rule

August 31, 2020
Dennis Hollier

Fannie and Freddie warn that g-fees could spike...


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Short Takes: Another Down Week for Applications / Don’t Worry / Stellar Profits Remain / Blame the Document Custodian / Homes and Hurricane Damage, An Update

August 26, 2020
Paul Muolo and Maria Volkova

New residential applications fell once again. Time to worry? Hardly...


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Still Unsettled: HUD’s Downpayment Assistance Rule

August 26, 2020
Maria Volkova

If the language goes into effect as is, the role of government entities that provide assistance could be limited...


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Short Takes: LLPA Relief on the Way? / The White House is Aware / But Profit Margins are Strong… / With a Little Help from Their Friends / A Promotion at MGIC

August 19, 2020
Paul Muolo

A basic question: Will Treasury step in to change the trajectory of the new GSE refi fee? (The mainstream media has finally discovered the story.)


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A Dicey 2Q20 for MI Firms: A Gain in Market Share, but Profits Plummet

August 13, 2020
John Bancroft

New VA home guaranty business continued to boom, rising 21.8% from the first quarter to a record $100.52 billion. But FHA single-family endorsements fell 5.9% to $73.19 billion over that period.


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The FHA MMIF Has $72 Billion on Hand. Is It Enough?

August 11, 2020
Paul Muolo

For HUD, the central question boils down to this: Will the MMIF have enough cash on hand to weather what could turn out to be a delinquency tsunami on the FHA book of business?


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Another Monthly Record for Ginnie MBS Issuance

August 10, 2020
John Bancroft

Through the first seven months of 2020, Ginnie issued $400.14 billion of single-family MBS, excluding deals backed by FHA reverse mortgages.


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Facing COVID-Related Reserves, Radian Books a Loss

August 10, 2020
Paul Muolo

But there was good news. Thanks to the origination boom, the company’s new insurance written jumped to $25.5 billion in 2Q20, a sequential gain of 52.7%.


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GSE CRT Deals Were Once Considered an Endangered Species. Not Anymore

August 9, 2020
Dennis Hollier

Freddie recently closed on an $835 million Structured Agency Credit Risk deal that was originally sized at $735 million...


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The FHA MMIF Has $72 Billion at Its Disposal. Will it Be Enough?

August 6, 2020
Paul Muolo
With FHA late payments accelerating in the wake of the coronavirus pandemic, all eyes turn to the financial health of the Mutual Mortgage Insurance Fund. Is it time to worry?
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