PennyMac Financial Services, the nation’s second largest Ginnie servicer overall, listed buyouts of $11.6 billion for the six-month period ending June 30...
Chase is marketing a $1.61 billion deal with prime jumbos and a $566.4 million security with investment-property loans, many of which were eligible for sale to the GSEs.
For the most part, the uniform MBS 2.0 (Fannie Mae/Freddie Mac) remains the industry’s benchmark as lenders continue to produce new loans —and MBS — at a decent clip but under a cloud of lower profit margins.
Restrictions placed on the GSEs earlier this year by their regulator are prompting loan aggregators and lenders to sell agency-eligible mortgages for investment properties into the non-agency market.
In a recent advisory bulletin, the regulator directed the FHLBs to limit the size of their exposure to CMBS issued by Fannie Mae and Freddie Mac, and to ensure proper diversification of their portfolios.
Some SWFs in other countries have extensive ownership interests in major corporations and sweep much of their profits into state coffers.
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