Fannie Mae closes 2015 risk-sharing program with latest deal with insurers

S&P/Case-Shiller: Home prices rise 0.9% JW Showcase Nomura found liable for selling toxic mortgages to Fannie, Freddie US judge rules for FHFA over Nomura in mortgage bond lawsuit – Yahoo: Nomura found liable for selling toxic mortgages to Fannie, Freddie – Housing Wire: U.S. housing regulator wins bad-mortgage suit – MarketWatch: Nomura Found Liable For Selling Toxic Mortgage-Backed Securities to GSEs – The M Report

 · Rise in Home Prices Remains Steady at 6.4% According to S&P CoreLogic Case-Shiller Index. The 10-City Composite annual increase came in at 6.1%, down from 6.4% in the previous month. The 20-City Composite posted a 6.5% year-over-year gain, down from 6.7% in the previous month.

Bracing For The Next Crash: Mortgage Reinsurance Emerges.. Mortgage Insurers Generally Managed Risk Internally. In December 2015, Fannie Mae updated its private mortgage insurer eligibility.

The insurers may balk at the deals’ structures, which require them to post extra collateral and give freddie mac and Fannie Mae the power to decide which insurers can participate.

Fannie Mae estimates by the end of 2015, it will have transferred a portion of the credit risk on approximately half a trillion dollars worth of single-family mortgages. “We recently brought our ninth.

Mortgage insurers and other risk sharing partners will have to conclude that these loans are prudent to make in order for these loans to be originated and delivered to Fannie Mae in the secondary market. Fannie Mae has also worked to provide lenders with greater clarity on what circumstances would result in a loan repurchase request.

Mortgage broker pans for gold on Shark Tank’.literally Bank of America stops selling mortgages to Fannie Mae Feb 23 (Reuters) – Bank of America Corp has stopped selling some mortgages to Fannie Mae because of a dispute arising from claims related to soured home loans, the bank said in a filing on Thursday.Our mortgage brokers in Toronto deal with many lenders at a time, providing customers with a better choice of mortgage products and services. We can complete the whole home loan process online, in person or by telephone which means you won’t waste countless hours visiting bank branches.RealtyTrac’s Sharga: Banks still holding 70% of REO from market RealtyTrac: Foreclosure activity picked up in 120 metros Nomura found liable for selling toxic mortgages to Fannie, Freddie US judge rules for FHFA over Nomura in mortgage bond lawsuit – Yahoo: Nomura found liable for selling toxic mortgages to Fannie, Freddie – Housing Wire: U.S. housing regulator wins bad-mortgage suit – MarketWatch: Nomura Found Liable For Selling Toxic Mortgage-Backed Securities to GSEs – The M ReportSolar panel telemarketer faces charges over unlawful robocalls originally published by USATODAY. The federal government is asking a judge to order a California man and his solar-panel telemarketing companies to pay a possible $20.8 billion fine for making 1 million robo-calls to Americans who had specifically asked not to be hassled via phone.Fitch sees 10% drop in home prices in 2011, negative outlook for MBS Freddie extends mortgage forbearance for unemployed Average home prices increase 2.2% in May: Case-Shiller Kentucky Select Properties Blog | Louisville kentucky real estate News. From January 1 through June 30, the average sale price across the louisville. rising home prices continue to be driven by a shortage of inventory. The S&P/Case- Shiller Housing Index estimates that nationally home prices will.Such loans, however, could remain on GSE balance sheets, and if offered regulatory forbearance by FHFA to require no additional capital to be retained above what was already reserved when the original note was securitized, the interest rate on the refinanced mortgage.average home prices increase 2.2% in May: Case-Shiller Kentucky Select Properties Blog | Louisville kentucky real estate News. From January 1 through June 30, the average sale price across the Louisville. Rising home prices continue to be driven by a shortage of inventory. The S&P/Case- Shiller Housing Index estimates that nationally home prices will.LONDON, October 10 Fitch Ratings has affirmed Angola’s Long-term foreign and local currency issuer Default Ratings at ‘BB-‘. The Outlooks on the Long-term IDRs are Stable. The Country Ceiling has. · All told, foreclosure activity jumped in 149 of the country’s 206 largest metropolitan areas last year, foreclosure listing firm RealtyTrac Inc. said Thursday. The firm tracks notices for defaults, scheduled home auctions and home repossessions – warnings that can lead up to a home eventually being lost to foreclosure.RealtyTrac’s Sharga: Banks still holding 70% of REO from market HousingWire Posted on February 1, 2011 by CBPS | Leave a comment The major kink in the housing market’s recovery, and for the macro economy overall, is the work left to be done on homes currently in the foreclosure process, those about to enter it and the amount of repossessed homes the banks must shed.

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In CIRT-2015-6 which became effective November 1, 2015, Fannie Mae retains risk for the first 50 basis points of loss on an $8.2 billion pool of loans. If this $41 million retention layer were exhausted, reinsurers would cover the next 250 basis points of loss on the pool, up to a maximum coverage of approximately $206 million.

We are pleased to test new and innovative ways to diversify our risk sharing counterparties and to structure this deal in a manner that promotes efficiency and safety." In this transaction, CIRT-2014-1 which became effective November 1, 2014, Fannie Mae retains risk on the first 50 basis points of loss on a $6.419 billion pool of loans.

 · Fannie Mae and Freddie Mac have been at the forefront of credit risk sharing initiatives since 2013, having transferred to private investors a portion of the credit risk on mortgages with UPB totaling more than $1 trillion between them through various credit risk sharing programs.. Nearly all of those credit risk transactions conducted by the GSEs have been of the back-end variety, however.

As of the end of 2015, the GSEs have transferred at least some of the risk on $693.2 billion of unpaid principal balance through Fannie Mae’s CAS (Connecticut Avenue Securities) and Freddie Mac’s STACR (Structured Agency Credit Risk) transactions (see Table).

The program. insurers are a part of the program at the moment, although he would not provide their names. A similar program is currently being prepared for fannie mae. originally posted at:.