Volume of Fannie Mae risk-sharing deals hits $2.6B in 2018

Fannie Mae completed 10 traditional and front-end credit risk insurance transactions during 2018 sharing .6 billion of risk, including $192 million in its final deal of the year. The final deal for this year, CIRT 2018-8, consisted of 15-year and 20-year mortgages with an unpaid principal balance of $12.8 billion.

On June 30, 2015, Fannie Mae and Freddie Mac further revised the PMIERS to include financial requirements for loans with lender-paid mortgage insurance. In the 2017 and 2018 Scorecards, FHFA directed the Enterprises to evaluate the existing PMIERS and whether changes or updates were appropriate.

Contents Digital mortgage john schleck Digital banking report Home sales fell 12.4 Residential mortgage industry Chase launches mortgage-credit card cross promotion Volume of fannie mae risk-sharing deals hits $2.6B in 2018 Chase Bank Reviews, Rates & Fees – MyBankTracker – Find out how Chase Bank is rated and compare its.

Investments Fannie Mae makes more information available for risk-sharing investors Will now make monthly loan-level disclosure data on for CIRT deals

HFA Preferred is Fannie Mae’s only product that allows up to a 97% LTV (for DU Underwritten mortgages) and 105% CLTV (with a Community Seconds); reduced MI coverage when compared to standard coverage (e.g., 18% on 97% LTV) and no Loan Level Price Adjustments (LLPA’s).

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The high loan-to-value refinance programs replacing the Home Affordable Refinance Program will require a change to the structure of Fannie Mae and Freddie Mac’s credit-risk transfer deals. The new high LTV refinance programs will be available on loans originated on or after Oct. 1, 2017.

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The fund’s management emphasized that in order to end Fannie’s and Freddie’s conservatorship, new equity capital must be raised in the public markets.chase launches mortgage-credit card cross promotion Volume of Fannie Mae risk-sharing deals hits $2.6B in 2018 Chase Bank Reviews, Rates & Fees – MyBankTracker – Find out how Chase Bank.

Fewer consumers say home prices, mortgage rates will grow in 2019 Here’s a snapshot of expert predictions for what consumers will see in mortgage rates and housing activity in 2019.. is expected to grow 2.2 percent in 2019 from. rates and home prices.

Volume of Fannie Mae Risk-Sharing Hits $2.6B in 2018 National Mortgage News, Nov. 15, 2018–Brad Finkelstein (subscription) Fannie Mae completed 10 traditional and front-end credit risk insurance transactions during 2018 sharing $2.6 billion of risk, including $192 million in its final deal of the year.

How to Improve Fannie and Freddie’s Risk Sharing Effort HOW TO IMPROVE FANNIE AND FREDDIE’S RISK SHARING EFFORT 3 Lender recourse The GSEs have executed only a small number of front-end lender recourse transactions to date, all of which have been opaque, customized deals with select mortgage lenders. Because these transac –