New Fed Data Clarifies Primary Dealer MBS Activity August 11, 2022 Dennis Hollier Changes to Form FR-2004 help distinguish between the specified pool and to-be-announced positions of primary dealers.Read More
One-Third of Declined Mortgage Loans Eligible for DPA August 11, 2022 Dennis Hollier Fannie Mae will allow downpayment assistance supported by lender-funded grants.Read More
FHFA: Servicers Must Maintain Fair Housing Data August 11, 2022 Dennis Hollier Fannie/Freddie servicers must collect age, race, ethnicity and language preference data from borrowers.Read More
Short Takes: Passing the (Stress) Test With Flying Colors / Why? / A Loss for Home Point / MSR Values / LD’s LO Count / Hiring: Fairway August 11, 2022 Dennis Hollier and Paul Muolo In the April-June period, Willie Newman’s shop sold some of its mortgage servicing rights, grossing $257.3 million on the transactions…Read More
GSEs Recalibrate Retained Mortgage Portfolios August 4, 2022 Dennis Hollier Both the size and the composition of the portfolios of Fannie Mae and Freddie Mac have shifted as the mortgage market slows. (Includes data chart.)Read More
GSEs’ Multifamily Business Earnings Diverge August 4, 2022 Dennis Hollier Net interest income in the second quarter was up 28% year over year at Fannie, while investment gains were down 75% at Freddie.Read More
GSEs’ 2022 Earnings Are Likely to Continue to Drop August 4, 2022 Dennis Hollier Falling origination volumes and a return to loan-loss provisions point to lower net income for Fannie Mae and Freddie Mac through the end of the year.Read More
GSEs Hear Concerns About Manufactured Home Programs August 4, 2022 Dennis Hollier Agencies and regulators are seeking stakeholder input on how to improve lending and securitization in the manufactured home space.Read More
Freddie: WI Certificates Update August 3, 2022 Dennis Hollier These new placeholder certificates are expected to become the primary way to purchase the A-M and A-2 classes of Freddie K-deals.Read More
Short Takes: Mr. Cooper Integrates Servicing Systems With Freddie's Default Management Tool / Rithm's MSR Status / Sen. Toomey Blames GSEs and Democrats for Home Price Inflation August 3, 2022 Dennis Hollier Mr. Cooper will be the first to directly integrate its proprietary servicing system with Resolve, Freddie Mac's default management tool...Read More