IMFnews

August 28, 2017

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GSE Loan Buybacks Edge Higher in 2Q17; Legacy Issues Fading Slowly

The vast majority of Fannie buyback activity involves loans sold into MBS issued since 2015… Read More

Texas Mortgage Bankers React to Hurricane: It’s Terrible; Thousands of Loan Closings Delayed

“Before a loan closes there will need to be [property] reinspections,” said Pete Mills, senior vice president of residential policy and member engagement for MBA. Read More

Bayview Mixes New and Seasoned Loans Together for New Non-Agency MBS

Mortgages in the deal were originated by a variety of lenders, none of which were identified… Read More

Former FHLB President Pollock: Bailout of GSE Sub Debt was a Bad Idea

Pollock criticized the Treasury Department’s decision to pay off $13.5 billion of subordinate GSE debt at the start of the conservatorships nine years ago... Read More

Short Takes: Cherry Creek Mortgage Chairman Resigns. Why? / Healthcare Benefits Extended to Same Sex Couples / Hurricane Harvey, the Aftermath / Cancelling Closings as the Storm Approached / A New High for Home Prices

The day before, Cherry Creek Mortgage issued a statement saying it would extend health care benefits to cover same-sex couples “effective immediately.” Read More