Cart

Inside Mortgage Finance

July 15, 2010

View Archived Issues

Ginnie Mae Market Share Continues Climbing In 2010, Program Becomes More Top-Heavy

Ginnie Mae’s venerable mortgage-backed securities program continues to rack up huge increases in market share in 2010, although most of the gains are being made by just two companies. A total of $181.98 billion of Ginnie Mae single-family MBS were issued during the first six months of this year. That represented 29.6 percent of total mortgage securities production for... [Includes two charts and one graph] Read More

Industry Pros Suggest Reforming GSEs With Countercyclical Portfolios to Absorb Shocks

Although the retained portfolios of Fannie Mae and Freddie Mac have been widely blamed for heavy losses at the government-sponsored enterprises, some industry experts suggest that the future mortgage finance market should include the capacity to build up significant mortgage investment portfolios that could help the market during times of duress and shrink when conditions improve... Read More

OCC Takes Lead in Paving Way for LO Registration, As OMB Takes More Time to Review Agencies’ Rules

The Obama administration early this week finally cleared a final rule allowing federal bank regulators to implement the Secure and Fair Enforcement for Mortgage Licensing Act after an unusually long seven-month review by the Office of Management and Budget. eanwhile, the Office of the Comptroller of the Currency is working with state mortgage and banking... Read More

Improved Credit Profile on Mortgages Acquired Last Year by Fannie, Freddie Leads to Drop in G-Fees

The average total guarantee fee charged by Fannie Mae and Freddie Mac on single-family mortgages fell 3 basis points in 2009, thanks to a big improvement in the credit profile of the mortgages they acquired last year, according to a new report from the Federal Housing Finance Agency. “There were improvements across the product, credit score and loan-to-value ratio spectrums... Read More

Financial Institutions Urged to Use BCFP’s Transition Period to Analyze Impact of Preemption Changes

The Dodd-Frank Wall Street Reform and Consumer Protection Act makes significant changes to preemption standards that won’t become clear until most of the consumer protection powers of existing federal agencies are consolidated in the new Bureau of Consumer Financial Protection in six to 18 months. Until then, legal experts are urging national banks and federal thrifts, including their operating... Read More

HUD Seeks Input on Proposal to Adopt Credit Score Minimum, Cut Seller Downpayment Aid

The Department of Housing and Urban Development this week proposed three adjustments in FHA underwriting designed to address risk factors that have led to higher losses in the single-family mortgage insurance program. According to the notice published in the July 15 Federal Register, HUD “proposes to tighten only those portions of its underwriting guidelines that have been... Read More

Latest Imf News

More Imf News

Featured Data

More Featured Data

Featured Reports

More Latest Reports

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

View Results