Fannie, Freddie hit a 5-year high on plan for ‘eventual release’
Freddie Mac shares rose to $4.14 at 12:30 p.m. in New York Friday, Fannie Mae's stock climbed to about $4.23, each up 22% from the previous day's close.
Capital markets
Nontraditional loan activity to spread in capital markets
Lenders will need to lean on alternative products as limited mortgage rate relief keeps some consumers on the sidelines, but others will tire of waiting and act.
Three deals help wrap up strong year for PLS
Nonagency issuances are expected to increase 85% for this year over 2023, and rise another 36% in 2025, the second best since the financial crisis.
JPMorgan, Goldman Sachs offer prime mortgage securitizations
Unlike some recent RMBS deals, both exclude riskier interest-only loans and those supporting investment properties.
By
John Hintze
Co-sponsors roll out equipment-leasing ABS
New arrivals to the ABS market seek investors in less than stellar-rated bonds.
By
John Hintze
New type of Ginnie Mae MBS proposed by mortgage bankers
The proposal is one of several that aims to address difficulties managing early buyouts from mortgage-backed securities pools.
Government-backed credit tightens to decade-low
But the Federal Housing Administration program was the only mortgage loan type to gain market share month-to-month as measured by rate lock percentage.
Freddie Mac hiring former Ginnie Mae executive Sam Valverde
Valverde, who has a wide range of experience in capital markets and housing finance, will join the government-sponsored enterprise's single-family unit.
Unpacking the drivers and costs of GSE repurchase demands
The average cost for a loan seller to buy back a mortgage from Fannie Mae or Freddie Mac for defects is over $32,000, a study from Reggora and Stratmor found.
EBRD to transfer risk tied to $1 billion of private-sector loans
EBRD plans to transfer part of the risk tied to roughly $1 billion of private-sector loans to a group of pension funds and asset managers.
What mortgage bankers want GSEs to keep post-conservatorship
The group is calling for the Trump administration to preserve certain features if it picks up where it left off and finishes cutting ties to the Treasury.
BlackRock buys credit firm HPS in $12 billion all-stock deal
HPS founders Scott Kapnick, Scot French and Michael Patterson will lead a new private financing solutions business unit with BlackRock as the company seeks to offer the full range of public fixed-income and alternative credit funds.
Ginnie Mae finalizes reverse-mortgage buyout relief terms
Government securitization guarantor Ginnie Mae got the terms for the popular HMBS 2.0 program across the finish line ahead of a major change in federal leadership.
Goldman CEO sees capital-markets activity accelerating into 2025
JPMorgan Chase & Co. CEO Jamie Dimon said bankers would be "dancing in the street" under the lighter-touch regulatory environment expected under Trump.
Jim Fogarty joins Latham Watkins’ structured finance practice
Fogarty will represent a range of clients, including private equity sponsors, private capital lenders, financial institutions and asset managers in complex structured and securitization transactions.
Ginnie Mae acting president steps down
Sam Valverde, acting president of Ginnie Mae, has resigned after about six months in the job.
How Trump’s win impacts the 2025 RMBS outlook
Private-label securitization volume increased 75% this year versus 2023; conditions are right for that to continue, KBRA said.
How ending the GSE conservatorships affects mortgage rates
The Trump victory is considered a positive for changing the status of Fannie Mae and Freddie Mac, but what would that do to interest rates?
Capital markets platform Maxex adds to its C-suite as it grows
The two companies will retain ties as Daniel Wallace moves to an operational leadership position at a time when non-agency mortgage opportunities are opening up.
What the mortgage industry is watching on election night
Mortgage professionals are focusing on housing policies and the Federal Reserve this November.
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