IMFnews

October 13, 2017

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Non-Agency MBS Issuance Weakened in 3Q17 Despite Upswing in Prime Jumbo Deals

The bright spot was the prime jumbo MBS market where some $2.97 billion of new bonds were issued during the third quarter… Read More

A (Slight) Drop in Originations at BofA for 3Q17

Home equity lending fell even more at BofA: down 12.7 percent from the prior period... Read More

A Modest Uptick in Home Lending for Wells Fargo in 3Q17; Meanwhile, a $1 Billion Legal Charge for Mortgage Investigations

Gain-on-sale profits came to 124 basis points, flat from the prior period, and the weakest reading of the past five quarters... Read More

HUD Secretary Ben Carson Open to Excising HECMs from the MMIF

Rep. Heck said he will ask the GAO to study and recommend options for improving the reverse-mortgage program, including shifting HECMs out of the MMIF... Read More

What We’re Hearing: FHFA Chief Has a ‘Number of Options’ on Zero Capital / Is That a ‘Hard’ Deadline? / Once Tax Reform is Done, Next Up: the GSEs / Can HUD Secretary Carson Get the IG to Back Off on the FCA? / Ocwen Kills Wholesale. Meaning?

Meanwhile, one detail about the capital buffer falling to zero remains unclear: On Jan. 1 will every single penny of the $600 million (at each) be carted away? Read More