DFG names Virani as new CEO
Virani was most recently head of business development for private debt for the Americas and Asia at Partners Group
By
Glen Fest
Capital markets
Mr. Cooper safeguards its profits with Ginnie Mae-related financing
The origination boom generated another profit for the company in the third quarter, when also it obtained a novel source of liquidity to support its servicing operations.
Opinion Election won’t impact mortgage industry like CARES Act problems will
How we resolve millions of delinquent mortgages due to COVID is the only question that matters.
Christopher Whalen
Whalen Global Advisors LLC
Non-QM RMBS loan performance improving after impairment spike: dv01
The recent decrease in the rate at which current loans became impaired could further encourage the cautious return of the non-QM market currently underway.
Ginnie Mae to bar Libor-based loans from pools
The restrictions on the pooling of loans with any interest term based on Libor will be effective for traditional mortgage-backed securities issued starting Jan. 21, 2021, and earlier for reverse-mortgage securitizations.
Private equity using loans for payouts at fastest pace in years
Private equity firms are hitting the U.S. leveraged loan market at the fastest pace in years to fund shareholder payouts with about $8.6 billion of dividend recapitalization deals launched this month.
Weak contract language could lead to post-Libor ARM securities losses
Bondholders could see principal losses if, due to the way the documents are worded, the rate is frozen at the last published amount.
Growing e-note use catches FHFA watchdog’s attention
Electronic notes did come in handy this year given the mortgage industry's need to operate remotely, but they also increase the government-sponsored enterprises' responsibility for monitoring the risk of multiple counterparties.
Ginnie Mae issuance breaks a record for the second month in a row
Also the Federal Housing Administration, which is a key contributor of government-insured loans to Ginnie securitizations, recently set new conditions on mortgage applicants that have been in forbearance.
KKR Looks to boost private credit bets in asset-based financing
KKR & Co. is looking to grow its asset-based private lending business to capitalize on a retreat by banks and more traditional market participants in the wake of the coronavirus pandemic that has led to mis-priced risk.
Podcast Making sense of a bull market in a bear economy
The stock market has reached record highs despite rampant unemployment, recession and a global pandemic. What gives?
Opinion Fannie, Freddie lessons learned: The folly of the GSE profit sweep
The pandemic drives home the point that without those funds being siphoned off, the recent fee hikes would not be necessary.
Michael Delehanty
Community Home Lenders Association
FHFA to hold listening sessions on capital plan feedback
Following its deadline for written comments on the topic last month, the Federal Housing Finance Agency is scheduling events that will focus on two key themes emerging in responses.
Trillion-dollar fund manager taps alternatives in yield hunt
Investors should consider alternatives such as private credit as they search for positive yield in a world of low or negative interest rates, according to asset manager Nuveen LLC.
Plummeting mortgage rates drive Ginnie Mae issuance to a record high
Ginnie Mae helped to fund more than $70 billion in loans aimed at helping low- and moderate-income borrowers in July.
$6.3 billion portfolio deal tests the bulk MSR market’s appetite
The mortgage servicing rights package going up for bid adds to signs that the market for large offerings is becoming more active.
Blackstone Mortgage Trust bounces back in second quarter
The private equity megalith's mortgage trust made a second-quarter net income of over $17.5 million and $85.2 million in core earnings.
5 mortgage-related policies that are in flux due to the coronavirus
From guidelines for remote appraisal alternatives to the ways that forbearance affects borrowers' ability to get new loans, here are five examples of mortgage requirements that have been in flux since the coronavirus outbreak in the United States.
Two Harbors seeks for-cause termination as manager dispute escalates
The mortgage REIT's external manager responded by filing a new lawsuit against it, calling the move "baseless and retaliatory."
Former Ginnie Mae chief calls for liquidity facility
The measures currently ensuring mortgage companies have sufficient cash to cover advances aren't necessarily sustainable, warns Ted Tozer, a senior fellow at the Milken Institute and a former government official.
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