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,...
Fannie & 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...
Remember 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...
Those 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...
In February, the Federal Housing Finance Agency (FHFA) issued a strategic plan for its ongoing conservatorship of Freddie Mac and Fannie Mae (the GSEs). The...
Once again, we find the “mortgage herd” spooked. A few weeks ago Freddie Mac announced that some of its MBS pools will experience prepayments because...
HARP…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...
Since the Federal Housing Finance Agency (FHFA) placed Fannie Mae and Freddie Mac into conservatorships September 2008 they have since received more than $180 billion...
There is plenty of blame to go around for the current credit crisis in the mortgage industry: borrowers, lenders, investors, rating agencies – the list...
Recently 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...
“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....