Issuance of single-family rental securitizations has seen sharp swings in recent years. Moderate growth is expected this year and deal performance is forecast to remain strong.
Trump has nominated Bill Pulte to be director of the Federal Housing Finance Agency; Fitch upgrades master servicer rating on Mr. Cooper; new ABS issuer.
The transaction, which will allow the real estate investment trust to leverage its ownership of Fannie Mae mortgage servicing rights, appears to be one of the largest deals of its type.
The new model used for rating securitizations of closed-end second liens will be more lenient than the previous model, thanks to improvements to underwriting standards following the financial crisis.
Rick Jones, a longtime industry lawyer, wants commercial MBS participants to strike a grand bargain, including changes to servicing practices and moves to increase demand from investors.
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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