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Inside Mortgage Finance

May 16, 2008

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Private MIs Lose Market Share in Early 2008 as Flow Business Slows and Underwriting Stiffens

Most private mortgage insurers saw a significant downturn in new business during the first quarter of 2008, even though overall mortgage originations were increasing. A new ranking and analysis by Inside Mortgage Finance reveal that... [Includes six charts] Read More

GSEs Closely Watch Financial Condition Of Private MIs as Ratings Deteriorate

Fannie Mae and Freddie Mac face a difficult challenge in their reliance on the private mortgage insurance business as a significant portion of this credit enhancement no longer meets the government-sponsored enterprises’ counterparty standards... [Includes one chart] Read More

Prospects for Housing Bill Remain in Limbo Even as Some Republicans Voted for Version Approved by the House

The key factor in the evolving political fight over increasingly ambitious mortgage relief legislation may be the simple fact that the housing market probably won’t be any better on Nov. 4 than it is now – and it could easily be worse. House lawmakers last week... Read More

Dodd Unveils GSE Reform Bill, Amendment Sponsors Line Up for Decisive Committee Vote This Week

Nearly one year after the House of Representatives buried some hatchets and passed comprehensive legislation to reform the oversight of Fannie Mae, Freddie Mac and the Federal Home Loan Banks, the Senate is going to get serious on the issue. The Senate... Read More

FHA Moves Ahead on Risk-Based Pricing Plan, Implements Expanded FHASecure Guidelines

No longer willing to wait for Congress to enact FHA modernization legislation, the Department of Housing and Urban Development this week moved ahead with a more limited risk-based pricing scheme that had been put on hold earlier this year. Separately, HUD released... Read More

Agencies Wind Down FACTA Rulemaking with Proposal To Provide Consumers with Risk-Based Pricing Notice

The Federal Reserve Board and the Federal Trade Commission have announced a joint proposal to finally implement the last major regulation pending under the Fair and Accurate Credit Transactions Act of 2003 requiring a risk-based pricing notice to consumers in... Read More

Freddie Faces Huge Credit Costs, Sharply Cuts Losses; Anticipates Higher Revenue

Freddie Mac experienced a surge in credit costs in the first quarter, just as rival Fannie Mae had, but did a much better job in cutting its losses. The government-sponsored enterprise announced this week it had lost $151 million, its third consecutive... Read More

Freddie Yields to Industry Pressure Over Declining Markets Policy, Agrees to Make Some Concessions

Under pressure from the National Association of Realtors and some consumer groups, Freddie Mac is trying to clarify its controversial pricing adjustments for mortgages in declining markets. Freddie said it is clear “that some, or perhaps even many, lenders have adopted... Read More

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