UWM, Rocket drive early VantageScore 4.0 adoption, others lag
On Aug. 14, over 30% of the loans sent to Fannie Mae and Freddie Mac from each company were scored using VantageScore 4.0.
Secondary markets
What Fannie Mae’s new rate outlook means for originations
So far, annual home lending growth is on track to slow, but not stop, with some positive developments surfacing amid broader challenges.
Investor debates Fannie Mae, Freddie Mac valuations
Jon Oksenholt, who holds more of Freddie's shares, recently took issue with a Pershing Square assessment of the two government-sponsored enterprises.
Home equity, non-QM deals dominate summer RMBS
Homeowners won't trade in their cheap mortgages so lenders keep finding other ways to reach that equity. Bond buyers keep showing up.
How AD manages non-QM, second liens in securitization
The company's affiliate has been issuing non-QM deals that include a small percentage of second liens, some of which also involve alternative documentation.
Proprietary reverse loans overtake HECMs for 54% market share
Lenders reported July declines of HECM endorsements and new securities issuances, but proprietary lending drove a 28% year-over-year surge in originations.
Angel Oak repositions capital for careful non-QM competition
The real-estate investment trust affiliate has been focusing on making more funding available for new loans but also seeks to hold the line on credit quality.
How much are the GSEs’ retained portfolios growing?
Fannie Mae and Freddie Mac are under directives to make mortgage-backed securities purchases that can exert downward pressure on rates or limit increases.
Freddie Mac’s earnings soar, competition for loans heats up
Positive changes in credit provisions contributed to a multiyear high in net income as the GSE and its rival fought to purchase lenders' single-family loans.
New expense projections could revive interest in GSE reform
The Congressional Budget Office's latest read on loan and guarantee costs points to the risks and value of government-sponsored enterprises in conservatorship.
Second-lien issuance expected to reach $41 billion this year
So far this year, the volume of closed-end second and home equity line of credit securitizations is near last year's $29 billion, Bank of America Securities said.
Budget for 6.3% rates through 2027, Fannie Mae warns
Economists at the government-sponsored enterprise have been lowering their single-family origination volume estimates for several months.
Agency MBS issuance slows in June on fewer refis
However, for the second quarter, increased home purchase mortgage activity contributed to an industry-wide 11% increase in agency securitizations, BTIG said.
Bank uses a twist on credit-linked notes for capital relief
OceanFirst Financial worked with an asset manager to apply the structure to a $1.5 billion portfolio of residential mortgages.
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.
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.
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.
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.
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