House Republicans urged federal regulators to strip down the broad exemption they proposed late last month that would exempt all Fannie Mae and Freddie Mac single-family MBS from new risk-retention requirements. Rep. Scott Garrett, R-NJ, was...
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After taking a steep drop in production during the first quarter, the agency MBS market will likely see another downturn in new issuance in the second half of this year. A total of $340.8 billion of single-family MBS were issued during the first quarter by Fannie Mae, Freddie Mac and Ginnie Mae. That was...[Includes three data charts]
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Systematic inspections of asset pools prior to securitization could go a long way to improving confidence in the securitization market, and rating services may be the best candidates to undertake this work, according to a new study. Leading to the financial market collapse of 2008, operational failures snowballed...
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Ginnie Mae is changing its loan eligibility requirements to prohibit lenders from including mortgages that are more than one month delinquent from being included in MBS pools. Separately, the agency announced plans to require issuers to provide...
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A six-month probe by Washington state attorney general Rob McKenna into foreclosures practices revealed some unsavory legal issues with a handful of trustees, who are consequently barred from executing any foreclosure sales until they become compliant with the law. “Foreclosures run...
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