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Inside Mortgage Finance

February 17, 2011

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Industry Segments Differ Markedly Over Obama Reform Plan’s Treatment of Fannie, Freddie

It’s not clear who the big winners would be in the Obama administration’s proposal to phase Fannie Mae and Freddie Mac out of the mortgage market – without providing much of a commitment to create a new government-backed presence in their absence. But the plan appears... Read More

Private MIs Continued Slowly Regaining Share In 2010, But Performance Faltered in 4th Quarter

The private mortgage insurance industry continued to recapture lost market share in the fourth quarter of 2010, but the uptick in new business didn’t come close to offsetting a sharp increase in losses at most companies. Private MIs insured...[Includes three data charts] Read More

Private Mortgage Insurers Continue to Absorb Losses, But GSE Reform Could Save Them, Some Experts Say

The private mortgage insurance industry continued to incur hefty losses in 2010, but there is hope for their sustainability with the unveiling of the Obama administration’s plan to pull back on the reins of their primary competitor, the FHA. Higher FHA premiums and a reduction in the conforming loan limit should benefit... Read More

Obama Administration’s Mortgage Finance Reform Proposal Includes National Standards for Servicers

The Obama administration would like to see a national standard applied to mortgage servicers as part of its proposed reforms to the housing finance market, although it remains to be seen where those standards would be embodied in the increasingly complex federal regulation of the mortgage industry. In its long-awaited report to Congress released... Read More

Non-Agency Market Outlook Improving Following Obama GSE Reform Proposals To Reduce Jumbo Loan Limits

Non-agency mortgage market observers hold a positive outlook for the sector this year, particularly in light of the White House’s proposal to lower conforming loan limits, but uncertainty will linger until the final disposition of the government’s effort to reform housing finance becomes... Read More

Budget Proposal for 2012 Anticipates Less Business, Increases Insurance Premiums

The Obama administration’s fiscal 2012 budget blueprint released this week anticipates a decline in new FHA and Ginnie Mae business and a markedly lower infusion of capital from the Department of Treasury to keep Fannie Mae and Freddie Mac afloat. During the current fiscal year, FHA has... Read More

SBA May Not Be Persuasive Enough for the Fed To Delay LO Compensation, Anti-Steering Rule

The U.S. Small Business Administration has joined the growing number of entities calling on the Federal Reserve to delay the April 1 implementation of its final rule on loan originator compensation, but the SBA may not have enough clout to convince the Fed to pull back, industry sources said. In a recent letter to the Fed, the SBA’s Office of Advocacy asked... Read More

GSE Reform Will Take Time, Bachus Says, And Political Disagreements May Cause Delays

The chairman of the House Financial Services Committee said that it will be important not to rush through the pending reform of the government-sponsored enterprises. “You don’t go from 90 percent to nothing without destabilizing the market if you do it with haste, and so it has... Read More

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