Fannie Mae, Freddie Mac gear up for change involving g-fee
Freddie Mac also indicated that it will be proceeding with its closely watched second-lien pilot, while Fannie reported gains in serving credit invisible borrowers.
Capital markets
Hedge-fund veterans do rare SRT deal in emerging-market risk
The transaction will free up as much as $500 million for loans in Latin America and the Caribbean to help alleviate poverty and protect the environment.
Ginnie Mae giving investors a deeper look at MBS profiles
The agency is disclosing the percentage of unpaid principal balance held by borrowers in rural areas as classified by the U.S. Department of Agriculture.
Latest repo volatility raises new concerns about QT’s future
Quantitative tightening has helped to keep mortgage rates elevated, but new concerns over how it impacts market liquidity could lead the Fed to end the program.
How Fed rate cut impacts housing finance agency activity
State housing finance agencies had a resurgent fiscal 2023 and the recent fed funds rate reduction could have a mixed impact on them, Fitch Ratings said.
More homeowners disaster-proofing homes, Freddie Mac finds
Awareness of disaster risk has increased in the public and private sectors, and it appears to be prompting more interest in home improvements in particular.
Fed’s large cut has complex effect on mortgages
Short-term rate cuts often don't immediately translate to lower financing costs for 30-year home loans, and there are some unique circumstances this time.
How short-term rental leases are changing non-QM securitizations
More "Airbnb-style" rental property loans are making their way into non-qualified mortgage securitizations and could they be acting differently from the traditional non-owner occupied loans, a Standard & Poor's report asks.
How a Trump win would impact GSE reform
A former housing regulator confirmed that he anticipates a release from conservatorship would occur if Trump's elected, adding to other signs a plan is brewing.
Huntington expands corporate financing for mortgage companies
The bank has brought in mortgage industry veteran Ken Logan as senior managing director to oversee a broader range of financing it's offering to home lenders.
Brazil plans to help mid-sized companies tap debt, equity markets
The ideas, which are still being hashed out, include lowering fees associated with issuances and simplifying audit requirements.
Wells Fargo commercial servicing sale makes Trimont a leader
The banking giant's sale of the non-agency, third-party portion of its commercial servicing business will boost the buyer's position in the securitized market.
Janus’ acquisition of VPC seen as latest in M&A trend
Asset manager-led transactions targeting asset-based finance (ABF) gained momentum following the regional banking crisis, which are typically the go-to for consumer and small business loans.
Why non QM bids have been in a sweet spot for loan sellers
Investor demand for loans made outside the qualified mortgage definition can shift over time. It's recently been going through a period of particular strength.
Scotiabank adds JPMorgan exec in warehouse lending expansion
Thanh Roettele will help guide the Canadian bank's growth in the mortgage warehouse space in one of its latest moves aimed at the U.S. market.
Ginnie Mae reports strongest MBS issuance since September 2022
Issuance of new mortgage-backed securities guaranteed by Ginnie Mae has returned to levels last seen during the year monetary policymakers began raising rates.
Two Harbors adding new mortgage products, selling some MSRs
While the REIT still seeks to grow servicing, it's been willing to sell for the right price as it responds to new rate-related risks and opportunities.
Real estate-heavy bank lays out a strategy overhaul
First Foundation in Dallas recently got a $228 million capital injection led by Fortress Investment Group. Now it's announced plans to pivot away from its heavy focus on multifamily loans, which lost value as interest rates rose.
HUD floats permanent distressed-note sales program
The proposal would add reforms aimed at broadly prioritizing owner-occupant access and end the "test" or "demonstration" mode these sales have been in since 2002.
Are e-notes about to take off in private label RMBS?
A Rocket Mortgage securitization is the first private investor deal with a high share of e-notes, and the company is considering use with another loan product type.
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