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Two thirds of FHA mortgages are finding their way into Ginnie Mae MBS
It isn’t true that all Federal Housing Administration mortgages are being pooled into Government National Mortgage Association mortgage-backed securities, an early look at 2016 HMDA numbers show. Well, it’s almost true. Early reporters of 2016 Home Mortgage Disclosure Act data to ComplianceTech show two FHA loans bought by Fannie Mae and 37 by Freddie Mac.…
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Private Label Securities Still Not Robust in 2016
The private label securitization market still hasn’t come back to full life, based on the evidence of an early look at 2016 Home Mortgage Disclosure Act data. LendingPatterns™ Early Look data, which contain more than a third of 2015’s HMDA volume, show that private securitization investors bought just 3,273 loans last year. (The numbers are…