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IMFnews

August 24, 2018

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GSE Mortgage Portfolios Continued to Shrink in Second Quarter, Emphasis on Loss Mit and New Issuance

Both government-sponsored enterprises are comfortably within the maximum $250.0 billion mortgage portfolios they are permitted to have under the terms of their conservatorship. Read More

Rating Services Increasingly Differ on Assessments of Residential MBS

Among the tranches of residential MBS issued this year that received ratings from multiple firms, nearly 40.0 percent of the bonds had so-called split ratings, with different assessments by different rating services. Read More

Guild Mortgage Offering $3,500 in Gift Cards and Grants to First-Time Homebuyers

Guild noted that unlike other low-down payment programs, the 3.0 percent downpayment can be funded by a gift. Read More

Short Takes: Low Rates Not a Differentiating Factor / Relationships Matter / New-Home Sales / Home-Price Trends

Borrowers cited “best interest rate” as the reason they went with a particular lender in only 2.0 percent of purchase-mortgage transactions and 6.0 percent of refinances. Read More

Wells Fargo Laying Off 683 Mortgage Employees

“After carefully evaluating market conditions and consumer needs, we are reducing to better align with current volumes,” Wells said. Read More

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