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Inside Mortgage Finance

January 27, 2011

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GSE Business Carries 2010 Production Volume To Strong Finish; FHA May Be Losing Steam

Mortgage lenders leaned heavily on Fannie Mae and Freddie Mac to finance a heady surge in new mortgage refinance business during the final three months of 2010, according to a new ranking and analysis by Inside Mortgage Finance. Mortgage production levels rose...[Includes two data charts] Read More

Treasury Still Mulling Over the Options In Long-Awaited Obama Reform Plan

More than a year after it launched a fact-finding mission to research potential reforms in the mortgage finance system, the Obama administration apparently needs a few more weeks to wrap up a report that had been widely expected this month. During the enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010, Republican legislators blasted... Read More

House Republican Leaders Begin Systematic Attempt to Dismantle or Downsize New Consumer Protection Agency

The Bureau of Consumer Financial Protection’s introduction to the financial regulatory landscape may be bumpier and rockier than expected as House Republican leaders began to carry out a post-election pledge to revamp parts of the new finance reform law, including... Read More

Housing Market Showed Little Sign of Recovery in 2010, Latest HousingPulse Tracking Survey Finds

The U.S. housing market ended 2010 much the way it started the year – with distressed properties accounting for more than 40 percent of all transactions and cash purchases representing nearly 30 percent of total financings. As a result, the housing market appears very weak going into 2011. According to year-end numbers from the Campbell/Inside Mortgage Finance HousingPulse Tracking Survey, the U.S. housing market showed... Read More

New SEC Final Rule Will Bring Much Light to GSE Sellers’ Repurchase Histories With Fannie, Freddie

The Securities and Exchange Commission has finalized its new rule on representations and warranties in asset-backed securities offerings that goes where no other SEC rule has gone: it covers Fannie Mae and Freddie Mac mortgage-backed securities. Although lenders doing business with the government-sponsored enterprises won’t have... Read More

MBA Concerned About ‘Dueling Rules’ as Regulators Push to Implement Dodd-Frank

Implementation of the Dodd-Frank Act, regulatory clarity, taxes and risk retention issues top an ample list of priorities for the Mortgage Bankers Association in 2011, even as MBA members are bracing for continued uncertainty this year. “Uncertainty about jobs, the economy and home prices is impacting... Read More

TARP Hasn’t Done Enough for Distressed Borrowers, IG Report Says, Servicing Reform May Be Needed

The Troubled Asset Relief Program may have prevented the collapse of the financial market, but it failed to meet the “Main Street goals” set by Congress, including homeownership preservation, according to a new report by the government’s top watchdog of the program. As of the end of 2010, there were... Read More

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