Fannie Mae

Browse articles from IMFnews related to Fannie.

July 12, 2018 - IMFnews

Short Takes: FHA in a Hiring Mode / CAIVRS, Old as Dirt? / Likening the GSEs to ‘The Blob’ And His Son / Level One Ponies up to the Mortgage Bar / MSR Auction from The Prestwick Group

One slide in the GSE presentation is entitled, “The Blob and the Return of the Blob,” a reference to the horror movie classics of the late 1950s…

July 12, 2018 - IMFnews

GSE Single-Family Business Up Modestly in 2Q18 as Purchase Market Kicks In

All of the growth in GSE volume came from the purchase-mortgage side of the business…

July 11, 2018 - IMFnews

PMI Analysts Look at Fannie’s New MI Pilot, Wondering If It Poses a Threat

But there’s a catch for lenders: Originators will have to pay an additional loan-level price adjustment…

July 10, 2018 - IMFnews

Short Takes: Fannie Launches MI Pilot / MBA Reg Counsel Joins Consulting Firm / Non Bank Market Share Grows / FHFA Capital Rule Criticized

Fannie said the new lender option allows the GSE to streamline the operational requirements of participating lenders...

July 10, 2018 - IMFnews

Purchase Market Springs to Life in 2Q18, Freddie Regains Market Share

The net result was a strong gain in Freddie’s share of the GSE market…

July 9, 2018 - IMFnews

Short Takes: Those Ginnie Warnings on VA IRRRLs Apparently Worked / The Trump GSE Plan, Going Nowhere? / NJ Lender Launches Call Center in SC / Churchill in a Hiring Mode / Walker & Dunlop Hires Capital Markets Executive

Although loan production is down this year, that isn’t stopping some lenders from moving forward with expansion plans.

July 9, 2018 - IMFnews

Phoenix Capital Selling Fannie/Ginnie Servicing Package

A few weeks back, Phoenix Capital was in the market with a flow MSR offering that carried a maximum size of $540 million…

July 9, 2018 - IMFnews

Pershing Square Tells Investors to Have Faith in the GSEs (Really)

Pershing Square bought its stake in the GSEs earlier in the decade at prices north of $2.00 a share…

July 9, 2018 - IMFnews

Agencies Leaning More on the ‘QM Patch’

The share of high-DTI loans has continued to go up this year…

July 6, 2018 - IMFnews

Short Takes: Making Sense of the BLS Mortgage Employment Numbers / Fewer Construction Workers Means… / Budget Scoring and the GSEs. Meaning? / Hey, Maybe Amazon Should buy Impac (CashCall)

So, what’s the big deal? Under FCRA, Fannie and Freddie would add $23.5 billion in revenue to Uncle Sam’s coffers for 2019...

July 3, 2018 - IMFnews

Short Takes: An MSR-Only Sale for Ditech? / Layoffs at The Money Source / Fannie and Freddie Trim Subprime Holdings / A Capital Raise for Redwood / New Rez Closes on Shellpoint Deal

TMS called it a “realignment,” explaining the cuts are part of a plan to “fuel fintech growth.”

July 3, 2018 - IMFnews

HomeStreet to Sell 20 Percent of its MSR Portfolio to Matrix Financial Services

HomeStreet continues to deemphasize its role in residential mortgages…

July 2, 2018 - IMFnews

Mortgage Insurers Waiting on FHFA and PMIERs 2.0

Keefe Bruyette & Woods believes new PMIER rules could see the light of day shortly…

June 29, 2018 - IMFnews

What We’re Hearing: A Lifeboat Too Small? / Non-QM Loans Performing Well, So Far / Ridiculous Housing Prices Continue / A 40 Percent Disappearance Rate? / A Recession Might Save the Day / Fannie Trouble? / Costly Borrowing for WMIH

Once risk-layering appears and LTV ratios climb, then all bets are off...

June 29, 2018 - IMFnews

Nonbanks Increasingly Taking Over Agency MBS Production

The tally: nonbanks grew their GSE business by 1.5 percent during the first five months of the year. Banks retrenched by 16.2 percent…

June 28, 2018 - IMFnews

Short Takes: Ralph Nader Has Some Unkind (And That’s Putting it Nicely) Words for CFPB’s Mulvaney / Mulvaney Viewed Favorably Elsewhere / Nader and the GSEs (Remember that One?) / More M&A for Union Home / A New Hire for Mello

A few years back, Nader went to bat for Fannie Mae/Freddie Mac shareholders suing the federal government over the GSE net worth profit sweep...

June 28, 2018 - IMFnews

Freddie Extends Appraisal Waivers to Condo Purchases and Refis

Now, eligible condo loan borrowers can take advantage of the appraisal waiver if ACE deems it unnecessary.

June 27, 2018 - IMFnews

Short Takes: HUD Chief Carson Gives a Target Date for FHA Condo Rule / Different Agencies, Different Criteria / No Changes in Ratings on Fannie and Freddie / Angel Oak Promotes Jumbo Loan / FHFA IG Official Steps Down

FHA may soon have a new condo lending rule, but one lobbyist called it "four years too late..."

June 26, 2018 - IMFnews

Servicing Advisors Worry About the GSE Role in the ‘Flow’ MSR Market

Incenter Mortgage Advisors, Denver, is getting ready to launch a flow MSR marketplace of its own…

June 26, 2018 - IMFnews

A Spike in Fannie Mae Loan Repurchases

Virtually all of the repurchase activity is now focused on newer production.

June 25, 2018 - IMFnews

Phoenix Capital Selling $1.2B of GSE MSRs

The seller of the bulk package is a depository that lends heavily in the South…

June 22, 2018 - IMFnews

What We’re Hearing: Mick Mulvaney, Conservative? / A GSE Starting Point? / Mortgage and Big Tech. Can it Work? / Amazon v. Quicken – is Dan Gilbert Ready? / Movement Mortgage? / LenderLive Hires an Advisor / New Hires for Ditech

One former loanDepot official had this to say about the rumor: “It makes sense. loanDepot has plenty of loan officers handling inbound leads. Amazon could create a ton more and compete with Quicken….”

June 22, 2018 - IMFnews

Securitization Rate Holds Steady in Early 2018, but GSEs Lost Market Share

Mortgage lenders started diverting high-balance GSE-eligible loans into non-agency MBS last year…

June 21, 2018 - IMFnews

Surprise: White House Publishes Ideas for Ending the GSE Conservatorships

The Trump blueprint would remove the federal charter from statute and fully privatize the government-sponsored enterprises.

June 21, 2018 - IMFnews

Short Takes: Sounds Logical, Right? / Warning: More Mortgage M&A Ahead / Fannie Warns about Cost-Cutting / Ginnie Wants to Know… / loanDepot Gets a Chief Innovation Officer /

When it comes to counter-party risk, Ginnie Mae isn't messing around...

June 21, 2018 - IMFnews

And the MSR Deals Keep Coming. IMA Selling a $10B-Plus Bulk Package

At $10.3 billion, the package is believed to be one of the largest in the auction market right now.

June 20, 2018 - IMFnews

Incenter and MIAC Out With Bulk MSR Auctions

The delinquencies on the MIAC package total 5.3 percent…

June 20, 2018 - IMFnews

Cowen: FHFA Chief Watt Won’t Act on a Capital Restoration Plan for the GSEs. However, Team Trump Might

But Cowen also offers up a ray of hope to GSE “recap and release” backers…

June 19, 2018 - IMFnews

Short Takes: Sen. Warren Will Block CFPB Nominee / Midwestern Humility / Yet More Regulations Proposed for Home Servicers / If Maxine Waters Becomes Chairman… / The GSEs, More Dominant Than Ever?

Sen. Elizabeth Warren: "Now Donald Trump wants her to run the CFPB. I will put a hold on her nomination – and fight it at every step – until she turns over all documents..."

June 19, 2018 - IMFnews

Nine Groups Want Fannie and Freddie to Have a Regulatory-Mandated Capital Restoration Plan

Consultant Joshua Rosner of Graham-Fisher said the letter is significant because it marks the first time that the ICBA has joined with civil rights groups and housing organizations on a GSE-related matter.

June 18, 2018 - IMFnews

Prestwick Selling Fannie MSR Package Into a Strong Market

Prestwick’s George Christo cites “float earnings” as a significant value driver…

June 15, 2018 - IMFnews

What We’re Hearing: There Goes the GSE Footprint / MBA Chief Tackles GSE Stock Speculators / Underwater: Pershing Square / Fannie-Freddie Charter Creep or are They Just Helping the Little Guy? / New Hires for TCF

It’s official: The Treasury Department’s goal is to reduce the footprint of Fannie Mae and Freddie Mac. Who says so? Treasury counselor Craig Phillips...

June 15, 2018 - IMFnews

MBS Outstanding on a Steady Growth Track. Ginnie MBS Balance: $1.83 Trillion

Year over year, MBS outstanding grew by 4.8 percent, according to a new tally from Inside MBS & ABS…

June 15, 2018 - IMFnews

MountainView Offers Fannie/Freddie MSR Portfolio

The average loan size of the package is $224,106…

June 14, 2018 - IMFnews

Short Takes: FHFA Ignoring HERA? / A Refresher Course / How Fannie and Freddie Dismantled Legislative Bomb Threats / A Large RPL Auction from Fannie / OCC to Finally Weigh In on Fintech

It might be said that OFHEO was a weak federal regulator...

June 14, 2018 - IMFnews

MSR Market Heats Up, New Auctions from Phoenix, MIAC

Bank buyers of MSRs favor packages that are at least $2 billion in size…

June 14, 2018 - IMFnews

Jumbo Mortgage Production Down Sharply in First Quarter

Wells Fargo ranked first among non-agency jumbo originators, followed by Chase and Bank of America…

June 13, 2018 - IMFnews

MBS Business Up Modestly, but GSE Credit Box Unchanged

In the first quarter, average credit scores on purchase mortgages were virtually unchanged…

June 12, 2018 - IMFnews

Short Takes: No Relief in Sight for GSE Common / Pershing Square in a World of (GSE) Hurt? / JMP Likes Impac / Consumer Data Collection Returns to the CFPB / Plaza Home Promotes Fontaine

JMP likes the higher profit margins that accompany non-QM lending…

June 12, 2018 - IMFnews

FHFA Proposes Minimum Capital Requirements for Fannie and Freddie. An RBC ‘Bill’ of $181 Billion

By comparison, commercial banks must have tier 1 capital of 8.0 percent of risk-weighted assets.

June 12, 2018 - IMFnews

Lenders Pessimistic About Profit Margins for 3Q18, Cuts to Staff Expected

Fannie Mae: “We expect this will prompt businesses to turn to cost-cutting..."

June 11, 2018 - IMFnews

Short Takes: Celebrity Wants to be a Player in Mortgage M&A / Commercial Bank Seeks Mortgage Company / Garrett on LO Pay / Genworth Sale Clears a Hurdle / Wells Fargo LO Bolts for Nonbank

Consultant Joe Garrett: "Salesmen don’t get paid less just because the company didn’t do well..."

June 11, 2018 - IMFnews

American Action Forum: Merge the GSEs into HUD. (You Heard that Right)

The AAF warns against the GSEs becoming private entities again, noting there’s no way for them to raise enough capital…

June 8, 2018 - IMFnews

Don’t Worry, Nothing Will Derail the GSE Single-Security Project

Treasury counselor Craig Phillips advised meeting participants to assure their bosses and government affairs offices that Treasury is fully committed to the project. “If you have problems, tell them to call me,” he quipped.

June 8, 2018 - IMFnews

On the Rise Again: Agency Single-Family MBS Issuance

All three agencies saw gains from April volume with Fannie posting the biggest increase…

June 6, 2018 - IMFnews

Short Takes: Hey, Hands Off of GSE Multifamily / What Ed DeMarco Wanted To Do / Cuts at Stearns? / More Non-QM Lenders Target Self-Employed Borrowers / New Hires at Promontory MortgagePath

Over the years it seems as though commercial banks have basically ceded the multifamily market to nonbanks that use the GSEs as their secondary market takeout…

June 5, 2018 - IMFnews

Short Takes: Angel Oak Buys Stake in Commercial MB / Questions Being Asked about Trading in GSE Corporate Bonds / Texas Mortgage Shop Closes? / A New Hire for Pavaso

Another mortgage company has closed. This one in Texas...

June 5, 2018 - IMFnews

MBA Wants FHFA to be More Transparent on New GSE Activities

MBA: “An important recent example is the use of a single vendor for various aspects of a major enterprise technology project, thereby forcing many lenders to choose whether to retain their existing vendors or switch to the lone ‘approved’ vendor.”

June 4, 2018 - IMFnews

Incenter Auctioning Off Corporate Mortgage Shell of SoCal Lender

The corporate shell includes 27 state licenses…


With mortgage production down noticeably this year from 2017, how many lenders might disappear via M&A or failure during the next 12 months?

10% or less. It’s not that bad out there.
11% to 25%. It’s a challenging market.
25% to 40%. It’s going to be very ugly.
No opinion.

vote to see results