A mortgage investors’ group is calling for Freddie Mac to change policies related to how delinquencies from recent storms affect certain credit risk transfer securities.
The group, the Association of Mortgage Investors, wants Freddie to adopt for all credit risk transfer deals certain policies that determine when “credit events” from storm-damaged collateral occur. Expenses and proceeds associated with credit events get passed through to investors.
Bonnie Sinnock is National Mortgage News' Capital Markets Editor at Arizent and has worked for NMN and affiliated publications since 1995. Her previous roles have included assisting in the … Read full bio
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The government-sponsored enterprise has provided language that servicers may utilize in situations involving temporary interest-rate buydowns.
MBS buying's future and what Bill Pulte's new additional role portends are among issues coming into focus, panelists and attendees at an IMN conference said.
The latest government-sponsored enterprise changes include a more flexible sampling and a longer maximum term for some manufactured housing loans, respectively.
New questions about Fannie Mae and Freddie Mac's guarantee by experts who saw conservatorship start points to tensions in a stalled secondary offering.
Fannie Mae and Freddie Mac's credit risk-transfers and some older private-label mortgage-backed securities have exposures to the Washington DC area.
