GSE capital rule revamp plan coming soon, investor predicts
Recent signals indicate this could be on the horizon and potentially add new value to a Fannie Mae/Freddie Mac stock offering, a Seeking Alpha analyst wrote.
Capital markets
Fannie Mae names buyer of its first RPL deal in 2026
The portfolio for sale contains hundreds of millions of dollars worth of reperforming loans that the government-sponsored enterprise co-marketed with Citigroup.
Commerce to acquire boutique middle-market investment bank
The Kansas City bank plans to purchase St. Louis-based Nolan & Associates, adding to its investment banking advisory capabilities.
By
Jasmine Ni
Fannie’s portfolio dips, but duration gap widens
The move may have been related to the government-sponsored enterprise's duration gap but could also have resulted from many other considerations.
Bond heavyweights target market sweet spot for new Warsh era
From Capital Group to Insight Investment, Natixis and Pacific Investment Management Co., the message is the same: The sweet spot is the "belly," or the five-year area of the Treasury curve.
Rocket, Fannie and Freddie downgraded to neutral by BTIG
Rithm and UWM Holdings are the favorite names among publicly traded lenders, while BTIG adds coverage of Better Home & Finance at a buy rating.
Freddie Mac adds optional amendment for mod agreements
The government-sponsored enterprise has provided language that servicers may utilize in situations involving temporary interest-rate buydowns.
Securitized market stepping up preparations for new scores
The government-related market's push has intensified efforts to draw up classic FICO comparisons or set up interim rating policies pending more data.
Fannie, Freddie reform outlook shifts as Pulte takes on new role
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.
Thomas Hansen joins Canyon Partners as partner
Hansen will oversee all the firm's finance and operations.
Fannie leads portfolio growth but Freddie ahead in acquisitions
The retained portfolios' latest record monthly number puts Fannie Mae in front while Freddie Mac has held onto a lead in quarterly single-family loan purchases.
Report: Private credit opacity poses risk to financial system
A report from the Financial Stability Board said limited transparency in the private credit market makes it difficult for regulators to monitor and understand risks, potentially masking challenges to the financial system.
Securitization standards evolve for mortgages, home equity
Certain private-label securities may get a lower risk weighting for bank capital and separately, second liens have new uniform guidelines for TRID.
The non-agency market is bigger than you think
Lenders at the MBA conference say non-agency is more than just non-QM — and those still treating it as a niche product are falling behind as it becomes a core part of the business.
Ginnie Mae foresees a day when FHA waterfall impacts end
Department of Housing and Urban Development officials indicated that there are improvements in some delinquency stages and cure rates are better than expected.
Without GSEs’ bond buying, mortgage rates may be even higher
Secondary market experts are split on whether the Fed's next move will be a rate decrease in 2027 or an increase, as more observers are now thinking.
S&P says VantageScore 4.0 could work for MBS ratings
Standard & Poor's found modeled foreclosure frequency and loss coverage to be in similar ranges as classic FICO but showed concern about potential bias.
NewRez parent Rithm Capital prices note offering
Two other nonbank mortgage firms also recently got in position to raise capital while NVR, a builder and lender, added new authorization for share repurchases.
Treasury meets with life insurers to discuss private credit
The Treasury Department held a high-stakes huddle with state insurance officials to discuss risks associated with the rapid growth of private credit in the economy and whether those investments could pose systemic vulnerabilities.
Iran war fears push Angel Oak REIT to Q1 loss
Economic uncertainty weighed on risk appetite, but the current performance of the non-QM market is "durable," Angel Oak leaders said in an earnings call.
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