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March 2026

Ginnie Mae gives issuers a break, adds new prepayment data

Ginnie Mae, Mortgages, Secondary markets, Servicing /

Government mortgage-backed securities guarantor Ginnie Mae is providing some deadline relief to issuers who may be rushing to file annual audited financial statements this week. Processing Content Ginnie has announced that it’s removing the 15-day advance notice requirements for extension requests on the statements, which are due March 31 for most issuers. The financial statements […]

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States score win as Flagstar denied escrow rehearing

Law and legal issues, Mortgages, Regulation and compliance, Servicing /

The Conference of State Bank Supervisors celebrated an appellate court’s decision not to grant a request by Flagstar Bank for the full panel in an interest-on-escrow case. Processing Content The organization used the ruling to call on the Office of the Comptroller of the Currency to end its efforts to create a national preemption. This

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Powell says Fed cautious as Iran war drives inflation risks

Federal Reserve, Interest rates, Monetary policy, Politics and policy /

Key Insight: Federal Reserve Chair Jerome Powell said there is uncertainty about how the Iran war will affect the economy, but that the central bank’s monetary policy is well positioned to “wait and see” how conditions unfold. Expert Quote: “You have to carefully monitor inflation expectations, because a series of these supply shocks can lead

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Treasury curve steepens after weeks of flattening

Mortgage Rates, Treasury bonds, Treasurys /

Bullish gap openings have sent yields back into Thursday’s ranges, the 5-year even back into the gap it left Thursday morning. Treasuries closed mixed on Friday as the yield curve, which has been in a flattening cycle all year, steepened a bit just as it’s doing this morning. Processing Content The flattening trade accelerated the

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JPMorgan, Pimco say bond market is misjudging slowdown risk

Economic indicators, Treasury bonds, Treasurys /

Some of Wall Street’s biggest bond-fund managers say financial markets are underestimating the risk that the US war in Iran will cause a sharp slowdown in an already sputtering economy.  Processing Content As oil pushes over $116 a barrel and the conflict shows little signs of ending, traders have largely focused on the inflation shock.

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REMIC servicers may have fiduciary duty under retirement law

REMIC servicers may have fiduciary duty under retirement law

Law and legal issues, Retirement planning, Securitization, Servicing /

A residential securitization trustee could be held to a fiduciary standard under federal retiree law as the Second Circuit Court of Appeals looked to split definitional hairs on whether the mortgages are considered plan assets. Processing Content The case was brought by six trustees of the United Food & Commercial Workers Union & Employers Midwest

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Mortgage industry baffled by Trump’s MLO order

Originations, Politics and policy, Regulation and compliance /

A section of President Donald Trump’s recent executive order, titled “Promoting Access to Mortgage Credit,” caused confusion throughout the mortgage industry, seemingly addressing a nonissue. Processing Content Section 10 of the order called for “eliminating duplicative or unnecessary requirements regarding licensing or registration for mortgage loan officers of any smaller bank.” The directive fits with

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Housing demand holds up despite mortgage rates at yearly highs

Housing Inventory, Housing Market, Housing Market Tracker, Mortgage Rates, New listings, Purchase Applications /

As shocking as it may seem with all the crazy things that have happened in 2026 — AI labor disruption headlines, epic snowstorms and especially the Iran conflict — housing demand, even last week, still showed year-over-year growth with mortgage purchase applications data and our weekly pending home sales. However, that growth has slowed and

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Fannie, Freddie portfolios surge to multiyear high

Capital markets, Secondary markets /

Fannie Mae and Freddie Mac’s total retained portfolios hit a new multiyear high last month, and March’s numbers could be even higher amid reports they may have stepped up MBS buying to counter market disruption. Processing Content Fannie held $150 billion in its portfolio in February, including nearly $77 billion of its own MBS, $63

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