President Donald Trump said his administration is still considering a public offering of shares in mortgage giants Fannie Mae and Freddie Mac, days after he said he was appointing his top housing official to oversee the government’s network of intelligence agencies. Processing Content Trump, speaking to reporters on Air Force One on Friday, was asked […]
Trump says US still weighing share sale for Fannie, Freddie Read More »
Reduced projections for interest rate cuts this year has lenders mulling the extent to which they need to diversify their product sets, several experts at an industry conference said Wednesday. Processing Content “Inflation is starting to move through the system and I think it’s going to keep rates elevated for quite some time,” Scott Buchta,
Rate outlook shift renews interest in the ‘other refi boom’ Read More »
Bill Pulte’s new intelligence role is reshaping expectations for reform of Fannie Mae and Freddie Mac, industry experts said Wednesday. Processing Content Experts on the panel focused in part on the precedent set by the government sponsored enterprises’ mortgage-backed securities buying, and addressed audience questions about the implications of their oversight chief’s new acting role.
Fannie, Freddie reform outlook shifts as Pulte takes on new role Read More »
Onity Group announced Tuesday that it was able to get an essential approval for a reverse mortgage transaction with Finance of America by reducing the amount of servicing rights it’s agreeing to sell. Processing Content The plan the company announced in its recent earnings call to get government securitization guarantor Ginnie Mae’s blessing by roughly
Onity updates reverse mortgage deal, preps share buyback Read More »
The Federal Reserve should avoid any move to significantly shrink its balance sheet, two prominent economists warned Tuesday — arguing against a strategy that the US central bank’s new chairman has specifically called for. Processing Content “There may be changes that would pass a cost-benefit test that would shrink the Fed’s balance sheet somewhat,” Christina
Fed warned on shrinking balance sheet in lookback at Powell era Read More »
Multiple organizations in the mortgage industry sent a joint letter to the Federal Housing Finance Agency expressing support in President Donald Trump’s March executive order and asking Director Bill Pulte to update the appraisal process. Processing Content The consortiums requested Pulte and the agency to consider expanding the use of hybrid valuation methodologies, increasing the
Mortgage groups urge FHFA to modernize appraisals Read More »
Fannie Mae reclaimed the lead in retained portfolio growth last month, pushing to a new record after a year in which Freddie Mac had outpaced its rival. Processing Content Fannie reported that its retained portfolio jumped to $174.84 billion in April from $168.74 billion the previous month. Freddie’s inched up to $141.81 billion from
Fannie leads portfolio growth but Freddie ahead in acquisitions Read More »
Global interest appears to be fueling a notable pickup in issuance of real estate mortgage investment conduit securities at Ginnie Mae, Freddie Mac and Fannie Mae, according to a new report. Processing Content REMICs made up $80 billion or 40% of Ginnie Mae single-family mortgage-backed securities issuance year-to-date in April. In addition, financial disclosures show
REMIC share grows at Ginnie Mae, Fannie Mae and Freddie Mac Read More »
The mortgage securitization market is facing two significant shifts: a proposed regulatory change that could reduce risk weights for private-label MBS, and an industry push for due diligence standards aimed at keeping up with surging growth in second-lien products. Processing Content The risk weighting for investment-grade MBS in the private market would fall from 20%
Securitization standards evolve for mortgages, home equity Read More »
Artificial intelligence could soon upend how secondary market assets are priced and traded, and mortgage technology leaders say the industry may never look the same. Processing Content Its abilities are only set to improve just as they are on the originations side of the industry, resulting in a possible reset of asset trading processes as
AI set to reshape secondary market pricing and trading Read More »