How Ginnie Mae could break stalemate on GSE reform
Housing finance reform is still likely years away, but a growing chorus of lawmakers say the government guarantor has the ability to clear the path to a final plan.
MBS
GSE reform could increase costs to borrowers: CBO
The Congressional Budget Office has found that restructuring the mortgage market would save the government billions of dollars but may increase the cost of housing.
Annaly gets the approvals needed for acquisition’s exchange offer
Annaly Capital Management will be able to proceed with a delayed exchange offer needed for its acquisition of MTGE Investment Corp. because it has been able to satisfy incomplete deal conditions.
Annaly Capital Management extends exchange offer to acquire MTGE
The expiration of Annaly Capital Management's offer to purchase MTGE Investment Corp. was delayed until Sept. 7 so the two real estate investment trusts have more time to satisfy deal conditions.
Blockchain firm creating mortgage fraud prevention tool
Startup Block66 is using blockchain to create a mortgage audit trail for fraud prevention purposes and also plans to enable trading of securities lenders can use to increase their liquidity.
10 secondary market abbreviations every mortgage pro must know
Test your knowledge of the secondary mortgage market with this quiz of key industry abbreviations.
FHFA announces start date for new common mortgage security
After several years of preparation, Fannie Mae and Freddie Mac will start issuing a new, common mortgage-backed security starting June 3, 2019, the Federal Housing Finance Agency said Wednesday.
Reverse mortgages surge at Ginnie Mae
Issuance of Ginnie Mae securities backed by reverse mortgages rose above $1 billion for the second time in two years, according to the government agency's latest monthly report.
GSE credit risk transfer programs are a housing reform model
The success of the government-sponsored enterprises' credit risk transfer programs shows that they can be the basis for housing finance reform.
As 10 year Treasury yields spike, local mortgage rates will matter more
As inflation fears put upward pressure on 10-year Treasury bonds and mortgage rates nationally, borrowers could start to take more notice of what lenders are charging them locally.
Why the biggest private mortgage insurer is turning to the capital markets
James Bennison, head of alternative capital markets at Arch Capital Group, says that a new insurance-linked security helps with regulatory capital requirements and provides information that can help the company to better manage risk.
Barclays, U.S. are said to renew talks over toxic mortgages
Barclays and the Justice Department, engaged in a legal battle over the suspected fraudulent sale of mortgage securities a decade ago, have revived discussions about reaching an out-of-court settlement, according to people with knowledge of the situation.
