Browse articles from IMFnews related to Freddie.

January 18, 2019 - IMFnews

What We’re Hearing: GAO Worries About Fannie & Freddie / The Return of Jeb Hensarling / Top-Ranked Nonbank Enters the HELOC Market / Quicken Courts the Refi Market / Eddy Perez to Head MORPAC / Take Our Salary Survey

The title of the new GAO report says it all: The Prolonged Conservatorships of Fannie Mae and Freddie Mac...

January 17, 2019 - IMFnews

Nonbanks Significantly Increase Agency Servicing Market Share

Eighth-ranked Mr. Cooper also had huge quarter in MSR growth…

January 16, 2019 - IMFnews

Short Takes: Mr. Cooper Cuts Jobs in California / Blackstone’s Finance of America Unit Will Close Roseville Office / loanDepot Courting Wells Fargo LOs? / Freshman Socialist Will Sit on the HFSC / A New Hire for Nations Lending

Socialist Rep. Alexandria Ocasio-Cortez, D-NY, will sit on the House Financial Services Committee, which oversees banking, mortgages, as well as Fannie Mae and Freddie Mac.

January 16, 2019 - IMFnews

Private MIs Boost Share of Agency Purchase Loans

The FHA share of insured purchase loans has been falling…

January 16, 2019 - IMFnews

GSE Market Shifted Toward Megabanks in 4Q18

Chase’s secondary market patterns are typically herky-jerky…

January 16, 2019 - IMFnews

JPM Packs GSE-Eligible Collateral into a $978 Million Non-Agency MBS

Roughly 42 originators are providing collateral for the JPM MBS…

January 15, 2019 - IMFnews

Short Takes: Worrying About What Mark Calabria Might Do / Ever Seated? / A Price War Brewing in Non-QM? / Tim Anderson’s Blockchain Job / Freddie Gets a New General Counsel

We understand a bit of a price war may be brewing in the non-QM market...

January 14, 2019 - IMFnews

Hedging Losses Likely for Fannie and Freddie in 4Q18?

The more exaggerated the rate moves, the greater the gain or loss.

January 14, 2019 - IMFnews

Retail Channel Continues to Lose Market Share as Correspondent Surges

Wholesale-broker activity saw roughly the same rate of decline as the retail channel did...

January 11, 2019 - IMFnews

What We're Hearing: The Otting Era Commences / Waiting on the Senate (It Didn’t Work for Michael Bright) / 11 Days In and All Shook Up / HFSC Chair Worries about Furloughed Workers and Delinquencies / Keep an Eye on Jan. 15 / The Milken Institute Weighs in on ‘Administrative’ Reform of the GSEs

We’re just 11 days into the new year and already things are getting interesting in the mortgage industry...

January 11, 2019 - IMFnews

What Michael Bright’s Resignation Might Mean for GSE Reform

The odds of GSE “recap and release” becoming a reality just went down…

January 10, 2019 - IMFnews

Short Takes: Who Is Maren Kasper? / Not Shy / Headed to the White House? / GSE ‘Recap and Release’ Just Got Knee-Capped / IMA Offers Bulk MSR Package

With Michael Bright's departure, GSE "recap and release" just got hurt...

January 10, 2019 - IMFnews

Private MI Volume Slumped in 4Q18 Fannie/Freddie MBS

Fannie and Freddie securitized $66.89 billion of single-family loans with private MI coverage during the fourth quarter…

January 8, 2019 - IMFnews

Short Takes: $249 Million in Mortgage Payments at Risk? / Will Trump Order Fannie and Freddie to Stand Down? / Assessing Mark Calabria / Lovell Buys ATTOM / LoanLogics Hires Mortgage Tech Vet

Overwhelmingly, industry analysts expect Mark Calabria to shake things up at the Federal Housing Finance Agency – that is, once he’s approved by the full Senate.

January 7, 2019 - IMFnews

Short Takes: IRS Cranks Up the IVES Machine Again / Otting at FHFA, Day 1 / AltLoan Enlists a New Capital Markets Partner / 45 Percent Plan to Enter the Non-QM Space This Year / Academy LO Joins Bay Equity Home Loans

Roughly 45 percent of respondents said they definitely will enter the the Non-QM market this year.

January 4, 2019 - IMFnews

What We’re Hearing: Top Production Exec Ready to Depart? / The Mel Watt Era at the FHFA is About to End / Will IBM do to Promontory What it Did to Seterus? / Ugly Mortgage Job Numbers / Selling Ditech Shares / Dynex Hires Dave Stevens as a Director

One former Fannie Mae executive familiar with Seterus opined that IBM likely received “pennies” compared to what it invested in Seterus...

January 4, 2019 - IMFnews

MBS/ABS Market Ends Year with Lackluster Production. Weakest Reading in Five Years

The biggest reason for the slump: the decline in single-family MBS production by Fannie, Freddie and Ginnie…

January 4, 2019 - IMFnews

A New Year and a New MBS from Redwood Trust

Servicing will be handled by six different firms with Shellpoint Mortgage Servicing getting a large chunk of the contract…

January 3, 2019 - IMFnews

MIAC Closes $8 Billion MSR Sale. Several Auctions in the Works

Several brokerage firms are working on MSR transactions…

January 3, 2019 - IMFnews

A Not-So-Pretty 4Q18 for GSE MBS Issuance

Fannie and Freddie continued to see a slippage in the purchase market…

December 31, 2018 - IMFnews

Short Takes: Worrying About the IRS / NRMLA Talking to Members about the HECM Situation / Most Underwriting Can Continue / Mnuchin’s Future / OCC Hires SBC Attorney

Capital Alpha Partners: “Mnuchin’s job is in danger the same as any cabinet member under Trump...."

December 31, 2018 - IMFnews

GSE Credit Scoring Models: The Future is Unwritten

Fannie and Freddie tossed out the idea of creating their own internal models as impractical...

December 26, 2018 - IMFnews

Short Takes: Trouble Ahead for FHA? / Steve Mnuchin’s Christmas Eve Massacre / Significant Players in the Mortgage Market / Who Knows / Who Put the Thought in the Treasury Secretary’s Head? / Craig Phillips Rising? / A New Hire for StoneHill

Was it Mnuchin’s idea to call the six bank CEOs or did President Trump put him up to it? That storyline has yet to be fully explored…

December 26, 2018 - IMFnews

GSE Seller Buybacks Hit Record Low, Uptick in Unresolved Claims

Buybacks by GSE seller/servicers set a new quarterly low…

December 26, 2018 - IMFnews

FHFA Nominee’s Past Comments Could Come Back to Haunt Him (With Democrats at Least)

As the former director of financial regulation studies at the Cato Institute, Mark Calabria brings a decidedly libertarian perspective to housing finance.

December 21, 2018 - IMFnews

What We’re Hearing: The Senate Waiting Game and Mark Calabria / What Might Mnuchin Come Up With? / Otting and Mnuchin and One West / Angelo Mozilo Makes it Rain Once More / MorVest’s MSR Auction / George Bailey Lives (A VA Story) / A Short Publishing Break

The news of Otting’s appointment and what might transpire afterwards did nothing to boost the share price of Fannie and Freddie common...

December 21, 2018 - IMFnews

As Expected, OCC Chief Otting Tapped by White House to be Interim FHFA Director

Joseph Otting will be joining the Trump administration's "two-hat" club...

December 21, 2018 - IMFnews

SIFMA Meets with White House Officials on GSE Single-Security Initiative

The Wall Street group’s advisory council on TBA guidelines met earlier this week with several key Trump administration officials...

December 21, 2018 - IMFnews

Securitization Rates Nudge Higher in 3Q18 as Issuance Catches Up with Primary Market

The securitization rate increased to 71.6 percent in 3Q18 compared to 65.0 percent in the previous period…

December 20, 2018 - IMFnews

Short Takes: loanDepot CEO: Nothing but Blue Skies for Loan Officers / It’s Not Cancelled Until It’s Cancelled / An Op-Ed Counterweight / A Pile of Coal for Stocks / Second LP Analogies / Don’t Look at the Dow / A New CEO for PRMI

Hindes’ piece is entitled “Fannie and Freddie didn’t get a bailout. It was a stick-up.”

December 20, 2018 - IMFnews

Mortgage Debt Outstanding Approaching Pre-Crash High Set Back in March 2008

Banks, savings institutions and credit unions held a combined $3.005 trillion of unsecuritized single-family mortgages in portfolio as of Sept. 30…

December 19, 2018 - IMFnews

Short Takes: Do GSE Servicers Need to Worry About Liquidity? / MF Cap Set at $35 Billion / New American Buys Minnesota Lender / Humble Beginnings / Kraninger Will Keep the CFPB Name / BoNY Mellon to Enter Non-Agency Market as Master Servicer

Liquidity means access to cash – and is a chief concern of Ginnie Mae acting president Michael Bright as well…

December 18, 2018 - IMFnews

Short Takes: Freddie Mac’s New CEO? / Jeb’s Last Stand? Maybe Not / A ‘Comical’ Situation / A Low Grade for Hensarling? / Fannie’s New Chairman

As one veteran industry lobbyist explained with a hint of ire: “You’re telling me that a bunch of lame duck Congressmen who lost an election are going to show up on the Friday before Christmas?”

December 17, 2018 - IMFnews

Short Takes: CBO Wants to Raise G-Fees to Reduce the Federal Deficit / On-Balance Sheet GSEs or Off? / 5 to 15 Basis Points / The Cash Cows are Ready to Give Milk / It’s All About the Math

The Congressional Budget Office wants to hike g-fees by 5 basis points in October 2019 and then 15 basis points after 2021.

December 14, 2018 - IMFnews

What We’re Hearing: FHA Loan Limits / What a Shutdown Means / The Return of Angelo Mozilo / The Finger of Blame Points to Wall Street / New Disclosures from Ditech / A Subservicing Business Dominated by One Client

The panel Mozilo spoke on was billed: “Join two titans of the industry as they discuss the past, present and future of the mortgage industry.”

December 14, 2018 - IMFnews

Calabria Gets the Nod for the FHFA Job. Rebuilding Capital on His Agenda?

A fool’s bet: that the GSE conservatorships will end anytime soon…

December 14, 2018 - IMFnews

FHFA’s Proposed Rule on Credit Scores a Setback for Vantage Score

VantageScore is not happy with the FHFA's latest action...

December 13, 2018 - IMFnews

Short Takes: Headed Into Receivership: Fannie and Freddie? / Politically Pragmatic / No Life in the Common / Coming Soon: A Platform Closure at Ocwen / A New 52-Week Low

Federal Financial Analytics calculates the trigger will be pulled by mid-2019.

December 12, 2018 - IMFnews

Pick of GSE Critic Mark Calabria Will Mark a New Era at the FHFA

Tom Piercy of Incenter Mortgage Advisors: “Calabria is not an advocate for our industry – but he is also being appointed by the president, who does not want housing to falter between now and 2020.”

December 11, 2018 - IMFnews

It’s Official: Trump Picks GSE Critic Mark Calabria to Head the FHFA

The nomination had been expected for several weeks now and paves the way – quite possibly –for limitations on GSE pilot programs, loan parameters and secondary market liquidity.

December 11, 2018 - IMFnews

Short Takes: The Six Horsemen of the GSE Apocalypse / If You Have to Ask, You’re in Trouble / G-Fees Hold Steady / Plaza Home’s New Tag Line / NAMB Giving Away Software for Free

NAMB is giving away free software...

December 11, 2018 - IMFnews

One GSE Shareholder Speaks Up: Calabria Will be Constrained in His Mission to Dissolve Fannie and Freddie

James Fenkner says Calabria will be “constrained in his mission to dissolve Fannie and Freddie.”

December 10, 2018 - IMFnews

Short Takes: Hope in Cash-Out Refis / loanDepot’s Refi Stats / Position Filled / Chicago-Area Lender Gets Fannie Mae Approvals / More on Calabria and the FHFA Job / Mulvaney, Mnuchin Up for the Chief of Staff Job? / Waterstone Hires Rocky (Rockwell)

Fannie Mae has approved Neighborhood Loans, Lombard, IL, as a new seller/servicer...

December 10, 2018 - IMFnews

New MBA President Broeksmit Toes the Party Line on GSE Reform

The MBA chief also makes it blatantly clear that he is no fan of any “recap and release” proposals for the government-sponsored enterprises either...

December 10, 2018 - IMFnews

REIT Investments in GSE CRT Deals Could Surge

Fannie and Freddie addressed that problem by beginning to structure CAS and STACR transactions as real estate mortgage investment conduits – which REITs can buy more freely.

December 7, 2018 - IMFnews

What We’re Hearing: Mark Calabria to Head the FHFA (Looks That Way) / Can Mulvaney Fix the U.S. Debt Problem? / Keeping the Debt Clock at the HFSC? / Kraninger Yes, Michael Bright No / Nomura and Ditech (More) / CMG Mortgage Hires Regency Executive / Home Point Goes All-TPO / The Midwest Mortgage Mecca

If Michael Bright is not confirmed in the current Congress, President Trump will have to re-nominate him...

December 7, 2018 - IMFnews

How to Shrink the GSE Footprint Without Having to Ask Congress To Do Anything

Want to shrink Fannie and Freddie? Cut investor loans, then move on to cash-out refis…

December 7, 2018 - IMFnews

Agency MBS Issuance Not-So-Bad in November 3Q18, Off by Just 1.0 Percent

Agency production last month was buoyed by an increase in securitization of refinance loans…


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