Freddie Mac

Browse articles from all of our Newsletters related to Freddie Mac.

January 18, 2019 - IMFnews

What We’re Hearing: GAO Worries About Fannie & Freddie / The Return of Jeb Hensarling / Top-Ranked Nonbank Enters the HELOC Market / Quicken Courts the Refi Market / Eddy Perez to Head MORPAC / Take Our Salary Survey

The title of the new GAO report says it all: The Prolonged Conservatorships of Fannie Mae and Freddie Mac...


January 17, 2019 - Inside Mortgage Finance

Fannie and Freddie Common On a Bull Run – to Nowhere

Right before Christmas, Fannie Mae and Freddie Mac common stocks were in the dumps, trading in the over-the-counter market at a mere $1.08 and $1.07 apiece, respectively. But since then, the two have been on a gallop, rising by roughly 70.0 percent each.


January 17, 2019 - Inside Mortgage Finance

GSE Patch Fate Undecided Despite Its Importance

Uncertainty over the future of the so-called GSE patch — which the Consumer Financial Protection Bureau says helped Fannie Mae and Freddie Mac vastly boost mortgage market share — has industry watchers worried.


January 17, 2019 - Inside Mortgage Finance

More GSE Forbearance for Federal Employees?

As the record-long government shutdown nears the one-month mark, rumors are flying that Fannie Mae and Freddie Mac may ask servicers and lenders to offer more forbearance to furloughed federal employees.


January 17, 2019 - Inside Mortgage Finance

Large Nonbanks Grow Agency Servicing Share

A handful of heavyweight nonbanks ended 2018 with significant increases in their portfolios of servicing rights tied to agency mortgage-backed securities, according to an exclusive ranking and analysis by Inside Mortgage Finance.


January 17, 2019 - IMFnews

Nonbanks Significantly Increase Agency Servicing Market Share

Eighth-ranked Mr. Cooper also had huge quarter in MSR growth…


January 16, 2019 - IMFnews

Short Takes: Mr. Cooper Cuts Jobs in California / Blackstone’s Finance of America Unit Will Close Roseville Office / loanDepot Courting Wells Fargo LOs? / Freshman Socialist Will Sit on the HFSC / A New Hire for Nations Lending

Socialist Rep. Alexandria Ocasio-Cortez, D-NY, will sit on the House Financial Services Committee, which oversees banking, mortgages, as well as Fannie Mae and Freddie Mac.


January 16, 2019 - IMFnews

Private MIs Boost Share of Agency Purchase Loans

The FHA share of insured purchase loans has been falling…


January 16, 2019 - IMFnews

GSE Market Shifted Toward Megabanks in 4Q18

Chase’s secondary market patterns are typically herky-jerky…


January 16, 2019 - IMFnews

JPM Packs GSE-Eligible Collateral into a $978 Million Non-Agency MBS

Roughly 42 originators are providing collateral for the JPM MBS…


January 15, 2019 - IMFnews

Short Takes: Worrying About What Mark Calabria Might Do / Ever Seated? / A Price War Brewing in Non-QM? / Tim Anderson’s Blockchain Job / Freddie Gets a New General Counsel

We understand a bit of a price war may be brewing in the non-QM market...


January 14, 2019 - IMFnews

Hedging Losses Likely for Fannie and Freddie in 4Q18?

The more exaggerated the rate moves, the greater the gain or loss.


January 14, 2019 - IMFnews

Retail Channel Continues to Lose Market Share as Correspondent Surges

Wholesale-broker activity saw roughly the same rate of decline as the retail channel did...


January 11, 2019 - Inside The GSEs

GSE Patch Bolsters Market Share for Fannie/ Freddie

In a report released late Thursday, the Consumer Financial Protection Bureau mulled over the future of the so-called “GSE patch,” which exempts qualified mortgages at Fannie Mae and Freddie Mac from the CFPB rules limiting debt-to-income ratios to 43 percent.


January 11, 2019 - Inside The GSEs

Freddie Commits to First Non-LIHTC Forwards

Merchant Capital, an affordable housing lender based in Carmel, IN, announced in late December that it used Freddie Mac’s first official non-LIHTC forward commitment to secure financing for a $19.7 million workforce housing development in Rochester, MN.


January 11, 2019 - Inside The GSEs

GSE Policies for Selling, Servicing During Shutdown

At 21 days, the current government shutdown ties for the longest on record, and its impact on the GSEs and housing finance remains fluid.


January 11, 2019 - Inside Mortgage Trends

TPO Production Channels Grew in Agency Market

Retail mortgage lending continued to lose market share in the second half of 2018, mostly due to a surge in correspondent production. A new Inside Mortgage Trends analysis of mortgage-backed securities data shows that the retail share of loans sold to Fannie Mae, Freddie Mac and Ginnie Mae fell to 48.6 percent last year. During the fourth quarter, sales of retail-originated loans declined by 14.9 percent, the sharpest downturn among ... [Includes two data charts]


January 11, 2019 - IMFnews

What We're Hearing: The Otting Era Commences / Waiting on the Senate (It Didn’t Work for Michael Bright) / 11 Days In and All Shook Up / HFSC Chair Worries about Furloughed Workers and Delinquencies / Keep an Eye on Jan. 15 / The Milken Institute Weighs in on ‘Administrative’ Reform of the GSEs

We’re just 11 days into the new year and already things are getting interesting in the mortgage industry...


January 11, 2019 - IMFnews

What Michael Bright’s Resignation Might Mean for GSE Reform

The odds of GSE “recap and release” becoming a reality just went down…


January 11, 2019 - Inside MBS & ABS

Hedging Losses Likely for Fannie & Freddie in 4Q

Fannie Mae and Freddie Mac, scheduled to report fourth-quarter results in early February, are likely to once again show strong earnings, but the black ink likely will pale a bit from the $6.7 billion they posted (combined) in the third quarter.


January 10, 2019 - Inside Mortgage Finance

Otting Takes Charge as FHFA Acting Director

Joseph Otting, the comptroller of the currency, added the title of the Federal Housing Finance Agency acting director to his brief this week, effectively bringing the Mel Watt era at the agency to an end.


January 10, 2019 - IMFnews

Short Takes: Who Is Maren Kasper? / Not Shy / Headed to the White House? / GSE ‘Recap and Release’ Just Got Knee-Capped / IMA Offers Bulk MSR Package

With Michael Bright's departure, GSE "recap and release" just got hurt...


January 10, 2019 - Inside Mortgage Finance

Private MI Volume Slumped in 4Q18 Fannie/Freddie MBS

The flow of conventional mortgages with private mortgage insurance coverage into Fannie Mae and Freddie Mac mortgage-backed securities fell sharply in the fourth quarter – tracking a broader slump in purchase-mortgage business. [Includes three data charts.]


January 10, 2019 - IMFnews

Private MI Volume Slumped in 4Q18 Fannie/Freddie MBS

Fannie and Freddie securitized $66.89 billion of single-family loans with private MI coverage during the fourth quarter…


January 8, 2019 - IMFnews

Short Takes: $249 Million in Mortgage Payments at Risk? / Will Trump Order Fannie and Freddie to Stand Down? / Assessing Mark Calabria / Lovell Buys ATTOM / LoanLogics Hires Mortgage Tech Vet

Overwhelmingly, industry analysts expect Mark Calabria to shake things up at the Federal Housing Finance Agency – that is, once he’s approved by the full Senate.


January 7, 2019 - IMFnews

Short Takes: IRS Cranks Up the IVES Machine Again / Otting at FHFA, Day 1 / AltLoan Enlists a New Capital Markets Partner / 45 Percent Plan to Enter the Non-QM Space This Year / Academy LO Joins Bay Equity Home Loans

Roughly 45 percent of respondents said they definitely will enter the the Non-QM market this year.


January 4, 2019 - Inside Nonconforming Markets

Non-Agency Market May Get a Boost from FHFA

Industry analysts expect Mark Calabria to shake things up at the Federal Housing Finance Agency – that is, once he’s approved by the full Senate. “The nomination of Calabria should, in our view, be taken as an indication of the administration’s and the Treasury Department’s will to tackle housing reform proactively, rather than maintain the status quo,” analysts at Bank of America Merrill Lynch said. According to Wells Fargo Securities, Calabria’s nomination is one of the most significant ...


January 4, 2019 - IMFnews

What We’re Hearing: Top Production Exec Ready to Depart? / The Mel Watt Era at the FHFA is About to End / Will IBM do to Promontory What it Did to Seterus? / Ugly Mortgage Job Numbers / Selling Ditech Shares / Dynex Hires Dave Stevens as a Director

One former Fannie Mae executive familiar with Seterus opined that IBM likely received “pennies” compared to what it invested in Seterus...


January 4, 2019 - IMFnews

MBS/ABS Market Ends Year with Lackluster Production. Weakest Reading in Five Years

The biggest reason for the slump: the decline in single-family MBS production by Fannie, Freddie and Ginnie…


January 4, 2019 - IMFnews

A New Year and a New MBS from Redwood Trust

Servicing will be handled by six different firms with Shellpoint Mortgage Servicing getting a large chunk of the contract…


January 4, 2019 - Inside MBS & ABS

Freddie Says Single-Family Rental Program Was a Hit

After having initially been brushed off as unnecessary, a pilot program that allowed Freddie Mac and Fannie Mae to help finance single-family rental activity is now being hailed a success.


January 3, 2019 - Inside Mortgage Finance

GSE Single-Family MBS Business Declined Sharply in 4Q18

Seasonal factors slowed production of Fannie Mae and Freddie Mac MBS during the fourth quarter, although the refi sector showed some resilience in cash-out transactions. [Includes three data charts.]


January 3, 2019 - IMFnews

MIAC Closes $8 Billion MSR Sale. Several Auctions in the Works

Several brokerage firms are working on MSR transactions…


January 3, 2019 - IMFnews

A Not-So-Pretty 4Q18 for GSE MBS Issuance

Fannie and Freddie continued to see a slippage in the purchase market…


December 31, 2018 - IMFnews

Short Takes: Worrying About the IRS / NRMLA Talking to Members about the HECM Situation / Most Underwriting Can Continue / Mnuchin’s Future / OCC Hires SBC Attorney

Capital Alpha Partners: “Mnuchin’s job is in danger the same as any cabinet member under Trump...."


December 31, 2018 - IMFnews

GSE Credit Scoring Models: The Future is Unwritten

Fannie and Freddie tossed out the idea of creating their own internal models as impractical...


December 26, 2018 - IMFnews

Short Takes: Trouble Ahead for FHA? / Steve Mnuchin’s Christmas Eve Massacre / Significant Players in the Mortgage Market / Who Knows / Who Put the Thought in the Treasury Secretary’s Head? / Craig Phillips Rising? / A New Hire for StoneHill

Was it Mnuchin’s idea to call the six bank CEOs or did President Trump put him up to it? That storyline has yet to be fully explored…


December 26, 2018 - IMFnews

GSE Seller Buybacks Hit Record Low, Uptick in Unresolved Claims

Buybacks by GSE seller/servicers set a new quarterly low…


December 26, 2018 - IMFnews

FHFA Nominee’s Past Comments Could Come Back to Haunt Him (With Democrats at Least)

As the former director of financial regulation studies at the Cato Institute, Mark Calabria brings a decidedly libertarian perspective to housing finance.


December 21, 2018 - Inside The GSEs

CBO Renews Calls for G-Fee Increase, Loan Limit Reduction

In what’s become a nearly annual event, the Congressional Budget Office this week suggested raising the guarantee fees charged by Fannie Mae and Freddie Mac, and/or lowering the loan limit, in order to reduce the federal deficit.


December 21, 2018 - Inside The GSEs

GSE Seller Buybacks Hit Record Low, Uptick in Unresolved Claims

Repurchases of GSE loans by Fannie Mae and Freddie Mac sellers continued to decline in the third quarter, though the pipeline of unresolved buyback demands ticked higher. [Includes one data chart.]


December 21, 2018 - Inside Mortgage Trends

GSE Buyback Activity Down to a Whisper

Fannie Mae and Freddie Mac sellers had to repurchase just $173.34 million of home loans during the third quarter of 2018 due to defects in the origination process, according to a new analysis by Inside Mortgage Trends. It was the lowest quarterly buyback total since the two government-sponsored enterprises began filing repurchase activity disclosures with the Securities and Exchange Commission in early 2012. There was, however, a 12.9 percent increase ... [Includes two data charts]


December 21, 2018 - IMFnews

What We’re Hearing: The Senate Waiting Game and Mark Calabria / What Might Mnuchin Come Up With? / Otting and Mnuchin and One West / Angelo Mozilo Makes it Rain Once More / MorVest’s MSR Auction / George Bailey Lives (A VA Story) / A Short Publishing Break

The news of Otting’s appointment and what might transpire afterwards did nothing to boost the share price of Fannie and Freddie common...


December 21, 2018 - IMFnews

As Expected, OCC Chief Otting Tapped by White House to be Interim FHFA Director

Joseph Otting will be joining the Trump administration's "two-hat" club...


December 21, 2018 - IMFnews

SIFMA Meets with White House Officials on GSE Single-Security Initiative

The Wall Street group’s advisory council on TBA guidelines met earlier this week with several key Trump administration officials...


December 21, 2018 - IMFnews

Securitization Rates Nudge Higher in 3Q18 as Issuance Catches Up with Primary Market

The securitization rate increased to 71.6 percent in 3Q18 compared to 65.0 percent in the previous period…


December 20, 2018 - IMFnews

Short Takes: loanDepot CEO: Nothing but Blue Skies for Loan Officers / It’s Not Cancelled Until It’s Cancelled / An Op-Ed Counterweight / A Pile of Coal for Stocks / Second LP Analogies / Don’t Look at the Dow / A New CEO for PRMI

Hindes’ piece is entitled “Fannie and Freddie didn’t get a bailout. It was a stick-up.”


December 20, 2018 - IMFnews

Mortgage Debt Outstanding Approaching Pre-Crash High Set Back in March 2008

Banks, savings institutions and credit unions held a combined $3.005 trillion of unsecuritized single-family mortgages in portfolio as of Sept. 30…


December 19, 2018 - IMFnews

Short Takes: Do GSE Servicers Need to Worry About Liquidity? / MF Cap Set at $35 Billion / New American Buys Minnesota Lender / Humble Beginnings / Kraninger Will Keep the CFPB Name / BoNY Mellon to Enter Non-Agency Market as Master Servicer

Liquidity means access to cash – and is a chief concern of Ginnie Mae acting president Michael Bright as well…


December 18, 2018 - IMFnews

Short Takes: Freddie Mac’s New CEO? / Jeb’s Last Stand? Maybe Not / A ‘Comical’ Situation / A Low Grade for Hensarling? / Fannie’s New Chairman

As one veteran industry lobbyist explained with a hint of ire: “You’re telling me that a bunch of lame duck Congressmen who lost an election are going to show up on the Friday before Christmas?”


Poll

Do mortgage lenders really need a new credit-scoring model or is the current FICO system adequate?

It’s fine. Stick with what works.
Time for a change. Borrowers are different today.
Undecided, still assessing the situation.

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