Over the last several years the residential lending industry has lamented practically every change. Y2K, LO comp, QM, TRID, the list goes on and on,...
Industry Outlook, Rob Chrisman's Perspectives, Secondary Markets, UncategorizedHERE’S A CATCHY INTRODUCTION. Okay, now that that’s over and I have your attention let’s get down to brass tacks and answer a question on...
Rob Chrisman's Perspectives, Secondary Markets, Uncategorized“By Rob Chrisman I speak with a lot of originators in the industry who use FHA/VA interchangeably, and for the speed and ease of the...
Rob Chrisman's Perspectives, Secondary MarketsFannie & Freddie’s end-run around the large aggregators and marketing directly to the small and mid-sized lenders is well known in the industry. But smaller...
Rob Chrisman's Perspectives, Secondary MarketsRemember in the “old days” when the Fed didn’t sop up all the new issuance, and then some, of residential agency mortgage-backed securities? When rates...
Regulation, Rob Chrisman's Perspectives, Secondary MarketsThose folks in residential lending, especially on the secondary marketing side of the business, are focused on residential mortgage-backed security (RMBS) prices, usually shortened to...
Rob Chrisman's Perspectives, Secondary MarketsIn February, the Federal Housing Finance Agency (FHFA) issued a strategic plan for its ongoing conservatorship of Freddie Mac and Fannie Mae (the GSEs). The...
Industry Outlook, Rob Chrisman's Perspectives, Secondary MarketsOnce again, we find the “mortgage herd” spooked. A few weeks ago Freddie Mac announced that some of its MBS pools will experience prepayments because...
Rob Chrisman's Perspectives, Secondary MarketsAs time passes with HARP II having been rolled out, or not, among various lenders and investors, some attention has been turned to the possibility...
Regulation, Rob Chrisman's Perspectives, Secondary MarketsHARP…HARP 2.0…HARP 6.0… will the industry have trouble keeping track of which borrower refinanced under which HARP? The Home Affordable Refinance Program certainly has its...
Regulation, Rob Chrisman's Perspectives, Secondary MarketsSince the Federal Housing Finance Agency (FHFA) placed Fannie Mae and Freddie Mac into conservatorships September 2008 they have since received more than $180 billion...
Rob Chrisman's Perspectives, Secondary MarketsThere is plenty of blame to go around for the current credit crisis in the mortgage industry: borrowers, lenders, investors, rating agencies – the list...
Rob Chrisman's Perspectives, Secondary MarketsRecently Fannie Mae reported a third-quarter loss of $5.1 billion, compared with a year-ago loss of $1.3 billion. The agency said its third-quarter loss was...
Rob Chrisman's Perspectives, Secondary MarketsIt seems that there is news about Fannie Mae and Freddie Mac nearly every day, if not in the mainstream media than in the mortgage...
Industry Outlook, Regulation, Rob Chrisman's Perspectives, Secondary Markets“Fannie Mae and Freddie Mac, given their size, prominent role in the mortgage industry, and recent heavy taxpayer subsidies are easy targets for the press....
Rob Chrisman's Perspectives, Secondary Markets