IMFnews

August 18, 2017

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Those Incredibly Shrinking GSE MBS Portfolios – a 5.3 Percent Decline in 2Q17

Today, Fannie and Freddie hold $13.50 billion of subprime and Alt A MBS. At the end of 2005, they had a staggering $258.67 billion in such assets. Read More

Industry Reps Use Congressional Recess to Gear Up for Fall Legislative Push

Meanwhile, the leaders of the Senate Banking, Housing and Urban Affairs Committee have introduced S. 1751, a six-year extension bill with relatively minor reforms, as far as the Realtors are concerned. Read More

With No Ginnie Mae President on Board, Annual Summit Moved to January 2018

The Trump administration has yet to announce a nominee for the top job at Ginnie Mae... Read More

Phoenix Capital Busy with MSR Auctions

The average loan balance on the $779 million MSR package is $241,000… Read More

What We’re Hearing: The Nation’s Volume Leader in the ‘New’ Nonconforming Is… / Sales Executive Departs / Don’t Stop Believin’ (in Fannie and Freddie)? / ‘Contract Law’ and GSE Common Shares / A Legislative Snafu Called Donald Trump?

According to our calculation, Fannie common now trades at $2.80, a 20.17 percent improvement since the close of 2Q17, while Freddie’s value rose 21.08 percent to $2.70. Read More