A portfolio manager said if agency MBS investors aren’t kept in mind during the GSE reform process, the changes could hit investor demand for GSE MBS, having a negative impact on homebuyers.
Anthony Hsieh, chairman, founder and controlling shareholder of loanDepot, is returning to senior leadership as executive chairman of mortgage originations at the nonbank.
If the GSEs are released from conservatorship, some participants in the agency MBS market insist the to-be-announced market, uniform MBS and Fannie/Freddie CRT activity should remain untouched.
The Trump administration is likely to take actions that will reduce regulation for the MBS and ABS markets. Industry participants are working to shape the actions while also staying nimble.
The market share for non-agency jumbos held steady in 2024 while agency high-balance business surged. Some $53.83 billion of mortgages with balances above the baseline conforming loan limit flowed through the agencies in 2024. (Includes three data tables.)
MSR buyers believe that there will be plenty of supply of the asset this year as mortgage originators face difficulties from high interest rates. UWM, the largest lender in the industry, is willing to sell if the price is right.
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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