GSEs transfer $5.5B of credit risk in 1Q: FHFA

Credit Risk Transfer Programs Thriving – January 27, 2016 National Mortgage News Highlights Changes to Mortgage Investment in 2016 – January 20, 2016 GSE Reform and Regulatory Relief Among Some of the Legislative Battles in New Year – January 6, 2016

Following the housing market crash, mortgage default rates increased dramatically, and the GSEs became more aggressive in terms of enforcing the reps and warrants. In some cases, lenders were required to repurchase loans from the GSEs for relatively minor breeches with little obvious impact on credit risk.

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The government-sponsored enterprises transferred $5.5 billion of credit risk on $174 billion of mortgages in their portfolios during the first quarter, according to a Federal Housing Finance Agency Report. Debt issuances from the agencies were the primary risk transfer method.

– FHFA / Freddie Mac / MBA. the GSEs transferred $5.5 billion of credit risk in the first quarter. F&F transferred $5.5B of credit risk on $174B of mortgages in their portfolios to buyers with.

* Credit Risk Transfers required by FHFA should be continued and expanded. Credit risk transfer must be a real transfer of risk and must be economically viable for the GSEs and the lenders they serve.

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Certainly, their role is changing gradually. For example, looking at earlier this year, the GSEs transferred $5.5 billion of credit risk in the first quarter. F&F transferred $5.5B of credit risk on $174B of mortgages in their portfolios to buyers with an appetite for that.

Lower application volume cuts CoreLogic’s net income by 54% When it comes to getting a VA home loan, one of the key financial metrics for lenders is debt-to-income (DTI) ratio. The debt-to-income ratio is an underwriting guideline that looks at the relationship between your gross monthly income and your major monthly debts, giving lenders insight into your purchasing power and your ability to repay debt.

Credit costs, while still at elevated levels, fell for the sixth consecutive quarter. additionally, delinquencies 30 days past due or more and still accruing, excluding Federal Housing Administration.

To remove the barriers preventing borrowers current on their payments from refinancing their loans, the bill would: * Extend streamlined refinancing for GSE borrowers FHFA recently expanded..

Trump’s housing agency cracks down on no-money-down home loans The administration is concerned about the risk to the government’s portfolio of federally-insured mortgages. (Bloomberg)-The Trump Administration is cracking down on national affordable housing programs because of concern over growing risk to the government’s almost $1.3 trillion portfolio of federally insured mortgages.

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