Fannie Mae

Browse articles from all of our Newsletters related to Fannie Mae.

December 11, 2018 - IMFnews

Short Takes: The Six Horsemen of the GSE Apocalypse / If You Have to Ask, You’re in Trouble / G-Fees Hold Steady / Plaza Home’s New Tag Line / NAMB Giving Away Software for Free

NAMB is giving away free software...

December 11, 2018 - IMFnews

One GSE Shareholder Speaks Up: Calabria Will be Constrained in His Mission to Dissolve Fannie and Freddie

James Fenkner says Calabria will be “constrained in his mission to dissolve Fannie and Freddie.”

December 10, 2018 - IMFnews

Short Takes: Hope in Cash-Out Refis / loanDepot’s Refi Stats / Position Filled / Chicago-Area Lender Gets Fannie Mae Approvals / More on Calabria and the FHFA Job / Mulvaney, Mnuchin Up for the Chief of Staff Job? / Waterstone Hires Rocky (Rockwell)

Fannie Mae has approved Neighborhood Loans, Lombard, IL, as a new seller/servicer...

December 10, 2018 - IMFnews

New MBA President Broeksmit Toes the Party Line on GSE Reform

The MBA chief also makes it blatantly clear that he is no fan of any “recap and release” proposals for the government-sponsored enterprises either...

December 10, 2018 - IMFnews

REIT Investments in GSE CRT Deals Could Surge

Fannie and Freddie addressed that problem by beginning to structure CAS and STACR transactions as real estate mortgage investment conduits – which REITs can buy more freely.

December 7, 2018 - Inside The GSEs

GSE Roundup

Freddie Mac issues a checklist, the IG at the FHFA concludes an investigation and brokers thrive in California. [Includes one data chart.]

December 7, 2018 - Inside Mortgage Trends

Retail Lost Share in Major Product Groups

Retail originations declined more than third-party production in the three major mortgage-product categories during the third quarter of 2018, according to a new analysis by Inside Mortgage Trends. Based on survey data from a broad cross-section of lenders, retail originations fell 8.8 percent from the second to the third quarter. The wholesale-broker sector was down 1.9 percent, while correspondent production posted a 1.9 percent increase. The data ... [Includes two data charts]

December 7, 2018 - IMFnews

What We’re Hearing: Mark Calabria to Head the FHFA (Looks That Way) / Can Mulvaney Fix the U.S. Debt Problem? / Keeping the Debt Clock at the HFSC? / Kraninger Yes, Michael Bright No / Nomura and Ditech (More) / CMG Mortgage Hires Regency Executive / Home Point Goes All-TPO / The Midwest Mortgage Mecca

If Michael Bright is not confirmed in the current Congress, President Trump will have to re-nominate him...

December 7, 2018 - IMFnews

How to Shrink the GSE Footprint Without Having to Ask Congress To Do Anything

Want to shrink Fannie and Freddie? Cut investor loans, then move on to cash-out refis…

December 7, 2018 - IMFnews

Agency MBS Issuance Not-So-Bad in November 3Q18, Off by Just 1.0 Percent

Agency production last month was buoyed by an increase in securitization of refinance loans…

December 6, 2018 - IMFnews

Short Takes: Stock Market Ugly / Bring on the Cash-out Refis? / GSE Stocks Can’t Catch a Break / Carrington Readies First Non-QM MBS / New Penn Unveils New Name: NewRez

Carrington Mortgage is working on its first non-QM securitization...

December 5, 2018 - IMFnews

HFSC Hearing on GSE Bill Postponed. Time is Running out for Chairman Hensarling…

Some industry lobbyists believe the Senate Banking Committee hearing on GSE pilot programs will not be held this year at all.

December 4, 2018 - IMFnews

Short Takes: Nomura and Ditech? / Ocwen Sets a New Low / Fannie, Freddie and NPL Sales / Citadel’s Growth in Nonprime Servicing / A New Hire for Mortgage Network

Fannie Mae and Freddie Mac continue to sell NPLs but for how long?

December 4, 2018 - IMFnews

With No Chance of Passage, Hensarling’s GSE Reform Bill Gets an Airing on Thursday

When the measure was first introduced, one housing lobbyist quipped: “This is like someone laying on their death after drinking and sinning and finally realizing they need to get baptized. This is not being introduced for good political reasons.”

December 3, 2018 - IMFnews

Short Takes: The Hearing That Keeps Getting Postponed: GSE Pilot Programs / Remembering the Financial Accomplishments of President George H.W. Bush / Too Many Servicing Workers? / Mortgage Layoffs at SoFi / Vantage Score Hires Former Fannie Executive

Under the watch of President George H.W. Bush, S&Ls were re-regulated and given a core housing mission.

December 3, 2018 - IMFnews

Freddie Brings Conventional Financing to New Generation of Manufactured Homes

Although the manufactured home industry is lobbying for chattel lending, Fannie Mae and Freddie Mac still require real property for collateral.

December 3, 2018 - IMFnews

FHFA IG Sends Report on Watt’s Alleged Misconduct to President, Others

The specific nature of the allegations was not disclosed…

December 3, 2018 - IMFnews

Prime Non-agency MBS May Plateau, Nonprime and Expanded Prime Expected to Grow

KBRA said nonprime issuance in 2019 should benefit from an increase in origination volume and other efficiencies…

November 30, 2018 - IMFnews

Retail Channel Posted Highest FICO Scores in 3Q18

However, average debt-to-income ratios were all over the map…

November 29, 2018 - Inside Mortgage Finance

Agency Share of Jumbo Mortgage Lending Up in 3Q18; Will Higher Loan Limits Make a Difference?

Fannie Mae, Freddie Mac and Ginnie Mae saw a slight increase in their share of big-ticket mortgage lending in the third quarter as the non-agency jumbo sector cooled, according to an Inside Mortgage Finance ranking and analysis. [Includes three data charts.]

November 29, 2018 - IMFnews

Short Takes: News Soon from Trump on the FHFA Job? / A Place-Holder / A Bright Spot, If You Can Find One / The Better Question Might Be: Who Isn’t Going Digital? / Upcoming: CFPB Advisory Board Meeting

Joseph Otting would not be the permanent director but would be a place-holder until...

November 29, 2018 - IMFnews

Agency Share of Jumbo Mortgage Lending Increased in 3Q18

Year-to-date agency securitization of conforming-jumbos totaled $72.36 billion as of the end of September…

November 28, 2018 - IMFnews

GSE Purchase Market Lost Steam in October

Most of the refinancings facilitated by Fannie and Freddie are cash-out deals…

November 28, 2018 - IMFnews

Industry Has a Muted Reaction to High GSE Loan Limits. However…

Former MBA Chief Dave Stevens on the higher conforming loan limits: “For an industry led mostly by conservatives, this dependence on a socialized financial system is really ironic.”

November 27, 2018 - IMFnews

Short Takes: Homebuyers Hitting the Brakes / But No Reason to Panic / Senate Moves Closer to Vote on Kraninger / Freddie’s ‘Sweat Equity’ Deal / A New Hire for Embrace Home Loans

Arch Chief Economist DeFranco says despite lower sales, it’s still a seller’s market in most cities…

November 27, 2018 - IMFnews

GSE Loan Limit Set at $484,350 for 2019, a Gain of Almost 7.0 Percent

HERA allows exceptions for the maximum conforming loan limits for “high cost areas.”

November 27, 2018 - IMFnews

What Might a New FHFA Director Do to the Secondary Market?

Stakeholders don’t anticipate the FHFA, with a new director nominated by President Trump, to move immediately to reduce the current benchmark loan limit...

November 26, 2018 - IMFnews

Short Takes: Steven Mnuchin Packing His Bags? / Probably Not / The Key to Administrative Reform of the GSEs: The Next FHFA Director / According to the AEI / A Promotion at Ocwen Financial

Cowen believes Mnuchin will survive the turbulence but notes the situation still poses a risk to Fannie Mae, Freddie Mac and the big banks…

November 26, 2018 - IMFnews

White House Contemplating Calabria for the FHFA Job. Big or Gradual Changes in the Wings?

The implication is that banks – which seems to have excess capacity on their balance sheets – could simply hold conventional loans in portfolio…

November 26, 2018 - IMFnews

Bank Holdings of MBS Drifted Lower in 3Q18

A huge chunk of the fall-off in Fannie/Freddie MBS holdings occurred at Wells Fargo, which reduced its investment in these securities by $7.31 billion.

November 26, 2018 - IMFnews

Biting Comments on FHFA’s Proposed Rule on UMBS

Making sure the MBS issued by the two GSEs perform identically, within narrow limits, is key to convincing traders…

November 21, 2018 - Inside Mortgage Trends

Retail Channel Produces Best FICO Scores in 3Q18

Retail-originated loans securitized by Fannie Mae, Freddie Mac and Ginnie Mae during the third quarter generally had stronger credit scores than similar loans produced by third-party lenders, according to a new Inside Mortgage Trends analysis of loan-level data. The average credit score for a retail purchase loan pooled in an agency mortgage-backed security during the period was 735.47, compared with 720.20 for correspondent purchase ... [Includes two data charts]

November 23, 2018 - Inside The GSEs

GSE Roundup

Fannie Mae and Freddie Mac extended disaster relief provisions to areas in California that have been ravaged by wildfires and declared major disaster areas by President Trump.

November 23, 2018 - Inside The GSEs

New GSE Servicer Guidelines for Short Sales and Deeds-in-Lieu

At the direction of the Federal Housing Finance Agency, Fannie Mae and Freddie Mac have simplified policies on short sales and deed-in-lieu of foreclosures. The new policies are intended to mitigate losses for the government-sponsored enterprises and servicers by spelling out when servicers can consider borrowers for these actions and what documentation is necessary.

November 23, 2018 - Inside The GSEs

New FASB Rules May Require Boost in GSE Loan-Loss Reserves

Fannie Mae’s and Freddie Mac’s loan-loss reserves could be substantially impacted by a new accounting standard that requires companies to immediately book potential losses.

November 23, 2018 - Inside The GSEs

Moelis Proposes Starting GSE Recapitalization Before Reform

Moelis & Co. last week released an updated version of its “Blueprint for Restoring Safety and Soundness to the GSEs” that calls for recapitalizing Fannie Mae and Freddie Mac immediately.

November 23, 2018 - Inside The GSEs

GSEs Favor FHFA’s Bifurcated Alternative Capital Plan

Fannie Mae and Freddie Mac say they support the Federal Housing Finance Agency’s proposal to include a leverage ratio on their future capital requirements.

November 22, 2018 - Inside Mortgage Finance

Servicers Call for Uniform Data Standards, Seek Better Process for Servicing Transfers

Fannie Mae and Freddie Mac announced plans for uniform servicing data standards in 2012 but stopped the project the following year due to concerns from servicers already dealing with elevated delinquencies.

November 21, 2018 - IMFnews

FHFA Trying to Find a Capital Balance That Can Handle Market Cycles

In its comment letter to the FHFA, Fannie Mae suggests the rule should use original credit scores and LTV ratios, rather than mark-to-market values…

November 20, 2018 - IMFnews

Short Takes: A New 52-Week Low for Ocwen / John Britti’s Stock Awards / The Dow Swoons, Rates Fall / Freddie’s ACIS Deal / Ed Pinto Weighs in on GSE Capital / Merry Christmas, Buy a House (The Day After) / UWM Still #1 in Wholesale

Ed Pinto wants a 4.0 percent capital ratio for Fannie Mae and Freddie Mac...

November 19, 2018 - IMFnews

MIAC Hits the Market with a $7B MSR Package

Loans in the pool have an average age of 24 months.

November 16, 2018 - IMFnews

What We’re Hearing: GNMA’s Michael Bright is Taking No Chances / Ginnie Servicing is Now Worth… / Bright and the FHFA Job / The Bigger You Are… / 47 Percent of Lenders Eyeing the Non-QM Market? / Radian Gets a New Controller

A new poll being conducted by Inside Mortgage Finance/IMFnews shows that 47 percent of lenders are contemplating originating non-QM mortgages in 2019...

November 16, 2018 - IMFnews

House Power Shift May Have Little Impact on GSE Reform While Dampening Reg Relief

In a recent eight-page memo outlining her priorities, Rep. Maxine Waters did not address the conservatorships of Fannie Mae and Freddie Mac…

November 15, 2018 - IMFnews

Short Takes: Who is Andrew Olmem and Why Does He Matter? (GSE Reform) / A Production Gain for Ditech / Citywide Home Loans Signs Partnership Deal with Stearns / Caliber Readies Nonprime MBS

If you haven’t heard of Andrew Olmem before, it’s because he tends to keep a low profile.

November 15, 2018 - IMFnews

JPM Packages Jumbos with Relatively High LTV Ratios in Unique MBS

Moody’s Investors Service said 47.0 percent of the dollar volume of the loans in the MBS were underwritten by United Shore…

November 14, 2018 - IMFnews

Short Takes: MMIF Audit Due Thursday / Good News Expected but no FHA Premium Cut / Trades Voice Support for Kraninger at the CFPB / A Promotion at Stewart Title

The groups expressed their view that Kraninger has the ability to lead and manage the CFPB and protect the financial interest of consumers.

November 14, 2018 - IMFnews

1,400 Stakeholders Contacted as Part of GSE UMBS Conversion

Fannie and Freddie and their joint venture, Common Securitization Solutions, will implement the SSI and issue the first UMBS on June 3 of next year…

November 14, 2018 - IMFnews

Goldman Preps Large Non-Agency MBS Backed by Seasoned Mortgages Acquired from a ‘GSE’

Loans in GSMBS Trust 2018-RPL1 were acquired from a government-sponsored enterprise, though Fitch didn’t identify which GSE.

November 13, 2018 - IMFnews

Short Takes: Assessing the Value of GSE Common / The Prior Decade and GSE Share Prices / Worrying About Home Values in California / Another MBS Settlement for Wells Fargo / Vendor Hires Fannie Mae Official

Early last decade, Fannie common once traded as high as $85.03, Freddie $68.20.

November 13, 2018 - IMFnews

KBW Raises Earnings Estimates on Fannie and Freddie, Questions CRTs

As of Sept. 30, Fannie and Freddie had some form of risking sharing on 38 percent to 42 of their guaranteed portfolios, respectively.


With loan volumes declining, does your shop have plans to enter the non-QM lending market in 2019?

Yes, definitely. A solid move forward.
Yes, but only incrementally.
We’re pondering a move into non-QM, but haven’t made up our mind.
No, definitely not. We view it has too risky.

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