Splitero Trust’s $255 million ABS raise is steeped in home values
A large majority of the pool assets, 86.2%, are second-lien home equity investment contracts that have a weighted average (WA) multiple share rate of 2.00x.
Mortgages
SFA hopes to bring back public RMBS from private issuers
The Structured Finance Association is adding its weight to recent support for a Securities and Exchange Commission action that could modernize Reg AB II.
How Basel, GSE changes may upend MSR dynamics
Policy reviews of GSEs and Basel rules could reshape the MSR market, opening opportunities for banks and altering Fannie, Freddie MBS dynamics.
Mortgage delinquency levels rise on softer FHA performance
Delinquencies are at their second highest level in three years, led by deterioration in the performance of FHA loans, the Mortgage Bankers Association said.
Fitch flags cooling housing market through 2027
While Fitch and Kroll have differing views on mortgage rates next year, both are looking for mortgage delinquencies to rise in their rated portfolios.
50-year mortgage plan piles on interest, analysis finds
A 50-year mortgage would make borrowers susceptible to higher interest rates, significantly more payable interest and slower equity gains, LendingTree analysis showed.
Fed Gov. Miran has a view on the economy. Is it persuasive?
Fed Gov. Stephan Miran has spent his short tenure at the central bank arguing that disinflation in housing and immigration reforms will tamp down inflation in the near term. But other economists say the timing, degree and context of those effects is very much in question.
Refi spike tapers off despite falling rates
Rate-and-term refinances dropped 14% month over month in October, but were still up 143% from last year.
Fannie, Freddie eyeing assumable or portable loans: Pulte
Two government-sponsored enterprises are looking into expanding mortgage transfers between borrowers, according to the head of their oversight agency.
Mortgage credit availability hits 3-year high
Mortgage credit availability increased 2.3% to 106.8 last month, marking the fourth consecutive month of growth.
Treasuries rally as bleak jobs spur Fed-cut bets: markets wrap
Investors have turned to private readings such as the Challenger, Gray & Christmas Inc. report showing companies announced the most job cuts for any October in over 20 years.
Finance of America reports 3Q loss, nine-month profit
Home price modeling changes hurt FOA's third-quarter interim results but it was in the black between January and September on a continuing operations basis.
Mortgage rates tick down following Fed’s cut
The 30-year rate dropped just 0.2 percentage points, as Federal Reserve Chair Jerome Powell's recent comments caused Treasury yields to rise.
Pending home sales stall as labor market concerns build
An index of contract signings held at 74.8 after climbing a revised 4.2% a month earlier to the highest level since March, according to National Association of Realtors data released Wednesday.
Delinquencies rise, signaling borrower pressure
Late-stage mortgage delinquencies hit the highest level since January 2020 in September, a new report from VantageScore found.
KBW says loan level pricing cuts could hurt GSE earnings
Bill Pulte's X post has the industry excited that loan level price adjustments could change, but the impact would not be as beneficial as some think, KBW said.
FHA foreclosures drag down strong mortgage performance
FHA loans accounted for about half of the annual rise in foreclosure starts and 80% of the rise in active foreclosures in September, according to ICE.
Treasuries set to fall, oil prices surge ahead of inflation report
Traders are shifting their focus to Friday's release of the consumer price index, the first real glimpse on the state of the economy since the start of the US government shutdown.
Mortgage rates fall to lowest mark in over a year
While expectations that another federal rate cut is on the way next week, other economic trends may be having a larger influence on mortgage lending.
Senior home equity holdings rise to record level
The NRMLA/Riskspan Reverse Mortgage Market Index set a new high of 502.42, with the dollar amount of home equity for those 62 or over reaching $14.4 trillion.
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