GSEs

Consumer expectations of further mortgage rate drops leaves them seemingly in no rush to enter the purchase market which could be why their optimism on home buying is falling, a Fannie Mae report said.

Freddie Mac is now offering to buy a new form of manufactured housing loan with terms similar to that of conventional mortgages from all eligible lenders, following a test run last year.

Freddie Mac will keep building on the financial reforms that produced profitability during conservatorship as broader government-sponsored enterprise proposals take shape, according to departing CEO Don Layton.

Fannie Mae is considering sharing more risk with the private sector to reduce future strain on its earnings from the implementation of the Current Expected Credit Loss accounting standard next year.

Recapitalizing the GSEs by cutting off returns to the government would essentially be buying the GSEs from the taxpayers with money that belongs to the taxpayers.

Freddie Mac increased its origination forecast for 2019 by nearly 4% from last month as lower interest rates will result in more borrowers refinancing than previously expected.

Silverton Mortgage, an affiliate of Warren Buffett's Berkshire Hathaway, has joined a small but growing group of lenders in offering a newer form of government-sponsored enterprise financing for manufactured homes.

New FHFA Director Mark Calabria isn't just charting a future for Fannie Mae and Freddie Mac, but also fixing problems resulting from the "qualified mortgage" exemption for the GSEs and taking a "deep dive" into problems in the mortgage servicing market.

The mortgage industry identified two technology initiatives it claims have the greatest potential to improve processes and be the most broadly adopted over the next two years, according to Fannie Mae.

Adolfo Marzol, who has served as an adviser to HUD Secretary Ben Carson, will now report to the new director of the Federal Housing Finance Agency.

The new head of the agency regulating Fannie Mae and Freddie Mac will be at the forefront of reforming the housing finance system.

A bipartisan proposal would allow for the removal of the FHFA director if the agency approves CEO salary increases at Fannie and Freddie beyond $600,000.

Freddie Mac's latest nonperforming mortgage auction will include one pool targeted to smaller investors like nonprofit organizations.

Multifamily and commercial lenders had another banner year in 2018, when closed-loan originations rose 8% to a high of $574 billion.

HomeStreet Bank could receive nearly $190 million in total for selling $14 billion in mortgage servicing rights to New Residential and PennyMac, and selling its home loan centers to Homebridge.

B. Riley FBR initiated equity coverage on Fannie Mae as the chances for privatization of the government-sponsored enterprises improved in a housing finance reform package.

Housing finance reform could give banks an advantage and challenge nonbanks if it reduces Fannie Mae and Freddie Mac's involvement in the mortgage market, according to Moody's Investors Service.

The administration official will serve a five-year term as Fannie Mae and Freddie Mac's chief regulator.

Mortgage lending standards loosened in March, as a swell in jumbo credit helped drive an expansion in availability for the third straight month, according to the Mortgage Bankers Association.

This time, investors required Radian to hold on to the first 2.5% of losses it covers on the pool; by comparison, the insurer’s previous deal, Eagle Re 2018-1, had a lower “attachment” point of 2.25%.