IMFnews

June 30, 2017

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On the Senate Banking Committee a Consensus for GSE Reform: An Explicit MBS Guaranty is Needed

Committee Chairman Mike Crapo, R-ID, listed maintaining the TBA market and the 30-year fixed-rate mortgage among his important principles for reform… Read More

A Growing Fear: Using the False Claims Act to Punish Mortgage Servicers

Over the past 18 months or so, the DOJ has expanded FCA use to reverse mortgages and loan servicing, according to attorneys Phil Schulman and Kristie Kully… Read More

(Certain) Nonbanks Ponder the Unthinkable: Owning a Depository

“This is a big step for them [Movement],” said consultant David Lykken, president of Transformational Mortgage Solutions. Read More

Fitch Edged Out DBRS (Barely) in Rating Non-Agency MBS in 1Q17

Fitch was on top, although both companies had equal shares at 36.5 percent… Read More

What We’re Hearing: Looks Like All Systems Go for GSE Reform (Not Really) / Does Jeb Know? / $2.726 Trillion is a Lot of Subprime Mortgages / An Abrupt Departure at the FHLB Topeka / New Hires for UWM

FUN FACT: Between 2000 and 2007, roughly $2.726 trillion of subprime residential loans were originated nationwide. Last year, just $2.0 billion were funded. Read More