$713M in GSE, Ginnie Mae servicing rights up for bid
Incenter Mortgage Advisors is putting up for bid a $712.8 million package of government-sponsored enterprise and Ginnie Mae mortgage servicing rights concentrated in the Southeast.
GSEs
3 conditions before Ocwen and PHH are clear to close
From investor angst to regulatory scrutiny, here's a look at three obstacles that must be addressed before Ocwen Financial can acquire PHH Mortgage.
Supreme Court rejects hedge funds on Fannie, Freddie suits
The Supreme Court dealt hedge funds and other big investors a blow Tuesday by refusing to revive core parts of lawsuits that challenged the federal government’s capture of billions of dollars in profits generated by Fannie Mae and Freddie Mac.
Fannie Mae testing mortgages refinanced using Airbnb income
Quicken Loans, Citizens Bank and Better Mortgage are refinancing loans using Airbnb income as part of a pilot project with Fannie Mae.
Ginnie Mae threatens to dump lenders from veterans mortgage program
Nine lenders have been warned by the U.S. that they will be kicked out of a top mortgage program within months unless they find ways to stop costly rapid refinances of veterans' loans.
FHFA extends comment period on credit scoring changes
The Federal Housing Finance Agency said Friday it will give commenters more time to weigh in on a potential update to the credit scoring requirements for Fannie Mae and Freddie Mac.
By
Joe Adler
Fannie sets multifamily record as Wells pulls back, others step up
Fannie Mae's multifamily volume hit another record high of $67 billion in 2017 as former top producer Wells Fargo nearly halved its volume and nonbank competitors increased their market share.
5 ways a government shutdown affects mortgage lending
Here's a look at what happens at five federal agencies that support the mortgage industry during a government shutdown.
Cheat sheet: Senate goes own way on housing finance reform
Senate negotiators are working on a bill that would place Fannie Mae and Freddie Mac into receivership and replace them with multiple mortgage guarantors, according to sources.
MountainView brokering $3.5B in Fannie and Freddie MSRs
MountainView is brokering a nonrecourse $3.5 billion package of Fannie Mae and Freddie Mac mortgage servicing rights on behalf of an unnamed seller.
Freddie debuts another front-end risk transfer product
A group of reinsurers has committed to provide up to $650 million of coverage for credit risk on some $21 billion of 30-year, fixed-rate loans that the government-sponsored agency will acquire over the next two years.
Fannie Mae’s delinquency rate returns to high last seen in March
Fannie Mae's serious delinquency rate climbed to a high not seen since March 2017, but remained lower than it was 12 months prior.
Treasury, FHFA strike deal to let GSEs retain ‘limited’ capital
Fannie Mae and Freddie Mac will be allowed to build capital buffers to protect against losses under an agreement between the Treasury Department and the Federal Housing Finance Agency announced on Thursday.
FHFA seeks input on Fannie and Freddie’s credit score models
The two government-sponsored enterprises have relied on the “classic” FICO credit scoring model for the past 12 years. But the Federal Housing Finance Agency is weighing whether the GSEs should upgrade to more recent scoring alternatives.
Freddie Mac offering new type of tax-exempt multifamily security
Freddie Mac is broadening its capital markets vehicles with its first offering of participation certificate securities backed by multifamily tax exempt loans.
Freddie Mac’s next K-Deal raises stressed leverage levels
The $1.5 billion FREMF 2017-K1 has a in-trust stressed loan-to-value ratio of 120%, as measured by Kroll; that's projected to fall to 108.7% when the deal matures.
By
Glen Fest
Fannie and Freddie: Should they stay or should they go?
Until recently, there was a consensus among policymakers that Fannie Mae and Freddie Mac needed to be eliminated. That just changed. Here's why.
Farmer Mac fires CEO for violating company policies
Farmer Mac has terminated President and CEO Timothy Buzby for violating company policies not related to its financial and business performance.
Breaking down Hensarling’s GSE reform overture
House Financial Services Committee Jeb Hensarling shifted tactics on housing finance reform Wednesday, acknowledging that a bill he’s pushed for years to virtually eliminate the government’s role in the mortgage market lacks the support to become law.
Common securitization platform testing taking longer than expected
Testing of the common securitization platform is taking longer than expected, but the Federal Housing Finance Agency said it won't delay the 2019 launch of Fannie Mae and Freddie Mac's new single "uniform mortgage-backed security."
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