GSE Desktop and Hybrid PPT

[alebrewer]

I don't disagree. Risk management is, for them, a holistic approach, not granular. When they pool and sell a batch of MBS, they know some appraisals are going to be high and some low...

 

[Joe Flacco]

GSE's have too much clout for being low level users.

 

[Joe Flacco]

I'm very excited about the future. I doubt the rest of banking follows the GSE's, but if they do then I will probably move into the tax business. I had to turn down a couple 20+ property orders this year because I just don't have the capacity for that. A lot of levers to pull for business.

 

[glenn walker]

I have a hard time believing that the direction the GSE's are going is popular with risk officers at banks.

My view of the appraisal landscape is that GSE's are the biggest users but they are low level users with the lowest expectations.

The direction the GSE are going is what banks and lenders want. When they sell loans to GSEs they are transferring the risk to them and as long as F & F design the forms and allow them to be used no sweat on banks.

 

[Joe Flacco]

The direction the GSE are going is what banks and lenders want. When they sell loans to GSEs they are transferring the risk to them and as long as F & F design the forms and allow them to be used no sweat on banks.

Yeah but not all banking appraisals are for the GSE's. GSE's are less than half of banking appraisals.

 

[glenn walker]

Yeah but not all banking appraisals are for the GSE's. GSE's are less than half of banking appraisals.

maybe in Maryland in California we have had very few lenders portfolio loans except on lines of credit and things of that nature and when rates hit 25 on the 15 and 2.5% on the 30 years nobody wants to portfolio a 30 year mortgage at 2% to 3% thats some serious risk.

 

[Joe Flacco]

maybe in Maryland in California we have had very few lenders portfolio loans except on lines of credit and things of that nature and when rates hit 25 on the 15 and 2.5% on the 30 years nobody wants to portfolio a 30 year mortgage at 2% to 3% thats some serious risk.

You are wrong.

A lot of portfolio loans being made in California.

 

[glenn walker]

You are wrong.

A lot of portfolio loans being made in California.

AK You are dead wrong and now GSE are buying super jumbo loans of almost $1,000,000 loan limits. As of two years ago in 2020, Fannie Mae and Freddie Mac owned 62 percent of conforming loans and that number rose in 2021 where it will be more like 75% or more-- This does not Include Ginnie Mae who buys government-backed mortgages.

Table 1 Mortgage Share and Selected Loan Characteristics by Origination Year and Market Segment: 2018, 2019 and the First 6 Months of 2020
All Loans	78%	5%
Conforming Market	78%	4%
Government Insured	93%	1%
Enterprise Acquired	76%	1%

 

[Joe Flacco]

AK You are dead wrong and now GSE are buying super jumbo loans of almost $1,000,000 loan limits. As of two years ago in 2020, Fannie Mae and Freddie Mac owned 62 percent of conforming loans and that number rose in 2021 where it will be more like 75% or more-- This does not Include Ginnie Mae who buys government-backed mortgages.

Table 1 Mortgage Share and Selected Loan Characteristics by Origination Year and Market Segment: 2018, 2019 and the First 6 Months of 2020
All Loans	78%	5%
Conforming Market	78%	4%
Government Insured	93%	1%
Enterprise Acquired	76%	1%

Give me the link for that so I can see exactly what they are including.

At least half of the bay area mortgage originations have to be greater than $1 million. And the percentage in LA and San Diego is not small. That includes only purchase and refinance originations. Then you have all the other banking products like construction loans and helocs.

GSE's are less than 50% of banking.

 

[George Hatch]

Appraisers work by locale. The median home value is only above $400k in 10 states and it's only above $500k in 5 states.