Larger Banks Boost Mortgage-Banking Earnings in 3Q December 19, 2024 Namrata Bhatia JPMorgan Chase had the most profitable mortgage-banking operation in the third quarter, with $633.0 million of income.Read More
Groundfloor Issues RTL Securitization With Unique Payment Feature December 19, 2024 James Dohnert Georgia-based investment property lender has announced a new type of securitization backed by deferred-pay RTLs.Read More
Short Takes: Fannie Expects Steady CRT Issuance / Housing Starts Increase / Home Sales Slower Than Expected / Moody’s Affirms Assessment of Mr. Cooper December 19, 2024 Brandon Ivey Fannie Mae projects that its issuance of credit risk transfer transactions in 2025 will be similar to issuance in 2024.Read More
REITs Add to MBS Holdings in Third Quarter December 18, 2024 John Bancroft A group of 16 mortgage REITs held $196.29 billion of residential MBS on their books at the end of September.Read More
Chase Makes Splash in Expanded-Credit MBS Market December 18, 2024 Brandon Ivey Chase is marketing its first expanded-credit MBS with mortgages for primary residences.Read More
GSE Buybacks Drop in 3Q With Freddie Reporting Change December 17, 2024 John Bancroft Much of the decline was the result of a change in how Freddie Mac classifies loans subject to a repurchase claim for which the seller has provided a remedy.Read More
SCOTUS Denies Request to Take Up CFPB ABS Lawsuit December 17, 2024 Shannon Clark The Supreme Court’s decision effectively grants the CFPB authority over the ABS market.Read More
Servicing Outstanding Grows in 3Q With Push From FHA/VA December 13, 2024 Brandon Ivey Ginnie Mae servicing outstanding increased by 1.8% during the third quarter.Read More
SFA Revamps Data Fields for Prime Non-Agency MBS December 13, 2024 James Dohnert The Structured Finance Association is aiming to replace the data tape established by the American Securitization Forum in 2009.Read More
Non-Agency MBS Issuance Picks Up, Led by Expanded Credit December 13, 2024 Brandon Ivey Four non-agency mortgage-backed securities started marketing Thursday, including three expanded-credit MBS.Read More
FHFA Walks Back DEI PoliciesThe regulator of Fannie Mae and Freddie Mac will no longer enforce diversity, equity and inclusion policies, according to the FHFA website.
Pulte Revamps GSE Boards, Including a DOGE AdditionChristopher Stanley, a security engineer at SpaceX, is the first member of Elon Musk’s Department of Government Efficiency to join a GSE board.
Bessent Considers Including GSEs in a U.S. Sovereign Wealth FundSome SWFs in other countries have extensive ownership interests in major corporations and sweep much of their profits into state coffers.
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