Short Takes: Slow Progress at States on Nonbank Standards / Home Prices Essentially Flat / Ginnie to Expand MBS Disclosures / Arvest Loses Servicer Rating May 30, 2023 Brandon Ivey Minnesota becomes the fifth state to adopt the CSBS's model framework for nonbank prudential standards...Read More
Ginnie Working to Increase Participation by Smaller Lenders May 26, 2023 Monica Hogan Ginnie is expanding a working partnership with the Federal Home Loan Bank of Chicago.Read More
Short Takes: GSE Ratings on Downgrade Watch / Interest Rates Rise / Non-QM Performance Choppy May 26, 2023 Brandon Ivey The ratings of the GSEs are linked to ratings for the U.S., which are also on watch for downgrade amid an approach to breaching the debt ceiling.Read More
Proposals to Help Nonbank Ginnie Servicers May 24, 2023 Paul Muolo The fear is that if delinquencies rise significantly, nonbanks will have a tough time making the required advances to investors in Ginnie MBS.Read More
Short Takes: Applications Decline / ABA Calls for GSE Legislation / Second-Lien Securitization / Risky Areas May 24, 2023 Brandon Ivey Demand for mortgages declined as interest rates ticked up.Read More
FHFA Receives Mixed Feedback on MBS Commingle Policy May 23, 2023 Brandon Ivey In March, FHFA proposed adjustments to capital requirements for commingled securities held by Fannie Mae and Freddie Mac.Read More
Short Takes: Freddie Offers Automated Paystub Assessment / ‘Soft’ Credit Pulls From Blend / Non-QM MBS From Ares / Fintech Enters Warehouse Sector May 23, 2023 Brandon Ivey The GSE says the addition to its income assessment tool will expand access to credit.Read More
Bank Failures Spur Another Decline in MBS Investment May 22, 2023 John Bancroft A big chunk of that downturn resulted from the collapse of Silicon Valley Bank...Read More
Change Readies Its Eighth MBS, the First Rated by Fitch May 22, 2023 James Dohnert The reason the loans are considered nonprime: a lack of income and employment verification.Read More
Ginnie Issuance, MBS Payments Could Withstand U.S. Debt Default May 19, 2023 Monica Hogan If the U.S. defaults on its debts, Ginnie could still guarantee MBS and investors would still receive proceeds from the securities.Read More
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