IMFnews

April 24, 2018

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Stars May be Aligned for Strong Profits at Fannie and Freddie

Both GSEs likely will be “winners” when it comes to hedging their derivative positions simply because interest rates were higher at March 31 compared to yearend. Read More

Western Asset Management Preparing to Issue Non-QM MBS

Clayton Services reviewed 2,164 mortgages for the planned Arroyo Mortgage Trust MBS… Read More

The FHA Share of Mortgage Complaints Filed with the CFPB: 13 Percent

According to the CFPB’s annual report on consumer disputes, the bureau received roughly 37,300 mortgage complaints in 2017... Read More

Originations Fall 19 Percent at Flagstar; Bank Keeps Selling MSRs

Flagstar sold $12 billion of mortgage servicing rights as well… Read More

A Trio of Prime Non-Agency MBS Deals Ready to Hit the Market

Loans in Chimera’s forthcoming deal were underwritten to guidelines established separately by Bank of America, Caliber Home Loans and Quicken… Read More

Short Takes: In Service of Fannie, Freddie and the Common Good / Fannie Ponies up to the REITs / Amazon a Bank? Good Luck with That / NYDFS Investigates RTO / FofA Hires loanDepot Manager

A new policy change implemented by Fannie Mae will allow REITS, come May 1, to start investing in the GSE’s Connecticut Avenue Securities risk-transfer deals. Read More