Issuance - Page 12 | Inside Mortgage Finance

Will the GSE Capital Plan Kill CRT?

July 9, 2020

The CRT market is showing signs of post-pandemic recovery. But Freddie Mac’s former CEO believes the re-proposed capital rule for the GSEs could make the whole CRT program pointless.

COVID-19 Infection at BNY Mellon Delays MBS Deals

June 25, 2020

Paul Muolo

A COVID-19 infection in the Dallas office of document custodian BNY Mellon is causing MBS transactions to backup.

New Residential Readies Security Backed by MSRs

June 25, 2020

Paul Muolo

New Residential is coming to market with a security backed by Fannie Mae MSRs. As for the cost of the paper, details were sketchy.

FHFA Moderates Guidelines for UMBS Alignment

June 18, 2020

Dennis Hollier

Instead of larger, multi-issuer uniform MBS pools, FHFA wants seller/servicers to closely monitor the prepayment speeds of their broker/correspondent channels to ensure closer alignment of Fannie/Freddie pools.

FHFA Asks the GSEs to be Vigilant About Fast Prepays

June 11, 2020

Paul Muolo

To ensure the uniform MBS is a “continued success,” the FHFA has asked Fannie and Freddie to be watchful of “key patterns and measures.”

FHA Rolls Out Forbearance Policy, Wants 20% Indemnification

June 4, 2020

Paul Muolo

With Ginnie Mae forbearance requests now at 13% of outstandings, FHA has introduced a “temporary” policy to cover loans in progress.

Ginnie Mae PTAP Funding a Bit Light at $3M

May 28, 2020

Paul Muolo

Nonbank Ginnie Mae issuers increased their borrowings under the PTAP program in May but not significantly. Next up: FHA’s forbearance policy on loans in progress.