Black Knight creates model to measure CMBS prepayment risk
Black Knight introduced a model to gauge prepayment speeds and credit risk for investors that purchase commercial mortgage-backed securities.
Risk
Is Ally’s leap into subprime credit cards worth the risk?
Investors are reacting skeptically to the auto lender's deal to acquire CardWorks for $2.65 billion.
Freddie Mac earnings mixed as it builds net worth
Freddie Mac saw a decline in net profit in 2019 due to decreased interest rate income, lower amortization revenue and risk-reducing investment costs, but its consecutive-quarter results improved.
Fannie Mae rededicates itself to hedge accounting, multifamily CAS
Fannie Mae identified the adoption of hedge accounting and regular issuance of multifamily Connecticut Avenue Securities deals as among strategies it could continue to pursue while navigating regulatory uncertainties and change. “While we cannot be certain that the company will exit FHFA conservatorship, the actions we are undertaking position us to be stronger regardless of […]
FDIC advises banks to exercise caution with agricultural loans
To guard against headwinds in the agricultural sector, the Federal Deposit Insurance Corp. recommended that institutions consider the “overall financial status” of farm loan borrowers.
FDIC issues warnings on leveraged lending, CRE concentration
The board- and management-level handing of CRE concentration was the chief concern of FDIC examiners, making up more than 56% of all the supervisory recommendations regulators made in the two-year period.
OCC flags risks from banks’ tech overhaul, Libor transition
The agency’s semiannual report warned institutions to be mindful of operational risks from the innovation in core banking systems, and detailed supervisory steps to monitor the adoption of a new reference rate.
FHFA will repropose capital rule for Fannie, Freddie
The Federal Housing Finance Agency is scrapping a capital proposal it released last year and will seek comments on a new plan in 2020.
Fannie further narrows a gap with Freddie in multifamily CRT
The Federal Housing Financial Agency's latest report on credit risk transfers shows Fannie Mae continues to slowly improve a multifamily mortgage risk-sharing metric that lags Freddie Mac's by a wide margin.
Risk management shift among mortgage insurers could accelerate: USMI
An increase in credit risk transfer activity since 2015 signifies a sea change for private mortgage insurers that may be about to intensify, according to an industry trade group.
Fannie Mae’s risk management advances support stable earnings in 3Q
A risk management model revision that decreased single-family loan-loss allowances and a strong mortgage lending environment contributed to consistent earnings results at Fannie Mae in the third quarter.
Freddie Mac plans to push hard toward conservatorship exit
Freddie Mac will make haste to leave conservatorship in line with new regulatory directives, but it's uncertain how quickly it can move, CEO David Brickman said in an earnings call.
Hotel, suburban office outlook iffy for properties backing CMBS
The outlook for hotels and suburban offices is still questionable, but the prognosis for other property types in the securitized commercial real estate market remains fairly strong, according to Moody's Investors Service.
Mortgage groups back change to FDIC disclosure requirement for RMBS
The housing finance industry supports a proposed rule revision that would exempt banks regulated by the Federal Deposit Insurance Corp. from an RMBS disclosure requirement.
The risk lurking in banks’ car loan portfolios
While demand is strong and loan performance generally remains solid, the prevalence of longer loan terms has sparked concern that losses will eventually spike.
JPMorgan’s contrarian move: Stockpiling securities
The bank started buying more Treasurys and mortgage-backeds over a year ago, long before talk about rate cuts. What did it know that its rivals didn't?
By
Andy Peters
Ginnie Mae looking more closely at MBS issuers’ secured debt ratios
Ginnie Mae followed through with plans to look more closely at secured debt ratios in its latest round of new and revised issuer requirements.
Could there ever be negative long-term mortgage rates in the U.S.?
The potential for negative long-term mortgage rates is surfacing around the world, and with global tensions building in the U.S. market, there's a small but growing chance it could happen here, too.
LendingClub eyes 3Q profit, looks to reopen credit spigot
The San Francisco company forecast a modest profit in the third quarter because its cost-cutting plans are ahead of schedule. It's also starting a program to sell riskier loans to sophisticated investors.
‘Continuity and consistency’ fortify Freddie Mac’s 2Q earnings
Freddie Mac continues to churn out steady financial returns, with the growth in first-time home buyers and credit risk transfers providing the GSE stable footing when a recession comes, according to new CEO David Brickman.
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