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.
Secondary markets
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.
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.
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.
Fannie Mae single-family loan acquisitions reach 3-year high
The government-sponsored enterprise recorded $98.7 billion in single-family loan acquisitions to begin the year, including over $43 billion in refinances.
Jumbo loans are creeping into non-QM, HELOC securities
Large loan balances are increasingly common in non-QM and HELOC securitizations, bringing faster prepayments and higher delinquency risks, Bank of America Securities research shows.
UMBS a key risk in any GSE ownership change: report
It doesn't have to be all or nothing, but all paths are complex, capital markets and policy experts in the Treasury Market Practices Group say.
Basel draft leaves nonbank warehouse financing in limbo
A new Basel III proposal offers mixed results for warehouse lending, with some risk-weight relief for banks but tougher terms that could crimp credit availability for nonbank mortgage lenders.
GSEs ease prefunding rules, extend manufactured housing terms
The latest government-sponsored enterprise changes include a more flexible sampling and a longer maximum term for some manufactured housing loans, respectively.
Fannie Mae, Freddie Mac shares rebound on Ackman statement
Stock prices jumped notably following the billionaire and legacy GSE investor's comment indicating Fannie and Freddie have been "stupidly cheap."
Ginnie Mae gives issuers a break, adds new prepayment data
The government MBS guarantor ended a 15-day advance notice mandate for extensions on a filing deadline so those with a March 31 due date can still ask for one.
Freddie Mac’s former chief charts path to GSE capital reform
Lowering minimum standards and using a 2018 proposal as a basis for change may be the quickest path, according to Donald Layton, Freddie Mac's CEO from 2012 to 2019.
Fannie, Freddie owe taxpayers for their guarantee
New questions about Fannie Mae and Freddie Mac's guarantee by experts who saw conservatorship start points to tensions in a stalled secondary offering.
Fannie, Freddie share sale likely after midterms or later
Caution around the move is growing as focus has shifted to affordability, and current trading prices make near-term action unlikely, according to Wedbush.
Fannie, Freddie join Anthropic ban, address DHS shutdown
The government-sponsored enterprises' oversight chief severed ties with the AI firm following President Trump's dispute with it over boundaries on military use.
Fannie Mae, Freddie Mac’s total portfolio at multiyear high
MBS numbers at both soared in January, when Trump directed the enterprises to accumulate more bonds, but a decline in loans shrunk Freddie's total number.
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