Apply Online
Schedule a Call

Secondary markets

HUD plans overhaul of its manufactured housing program

HUD, Industry News, Politics and policy, Secondary markets /

The Department of Housing and Urban Development is weighing a number of changes to its manufactured housing program as it looks to it as a key solution to addressing the nation’s housing shortage quickly. Government officials, including the heads of Ginnie Mae and the Federal Housing Administration, outlined potential improvements under consideration, including updates to […]

HUD plans overhaul of its manufactured housing program Read More »

Pulte pushes Fannie, Freddie to count crypto assets

Capital markets, Cryptocurrency, Fannie Mae, Freddie Mac, Secondary markets /

Housing regulator Bill Pulte has instructed the two government-sponsored enterprises he oversees, Fannie Mae and Freddie Mac, to move toward recognizing crypto holdings without requiring conversion when assessing borrowers’ ability to repay, a move that could help bring digital currency further into the mainstream. He formally authorized this Wednesday and directed the GSEs to plan

Pulte pushes Fannie, Freddie to count crypto assets Read More »

Lenders get a better view of condo blacklist but want more

Condos and HOAs, Secondary markets, Underwriting /

Four years after a notorious condominium collapse that suddenly tightened home lending standards, influential government-sponsored enterprises have soothed some industry tensions, but lenders say there’s still more to be done. “Increased transparency regarding which condo projects are and are not on Fannie and Freddie’s approved list has been a big CHLA priority — so we

Lenders get a better view of condo blacklist but want more Read More »

Fannie, Freddie regulator: Powell should cut rates or quit

Mortgage Rates, Originations, Politics and policy, Secondary markets /

Fannie Mae’s and Freddie Mac’s regulator called for Federal Reserve Chairman Jerome Powell to step down on Wednesday if he doesn’t cut short-term rates, as monetary policymakers left them unchanged again. “Jay Powell is hurting the housing market by being too late to lower rates. He needs to resign, effective immediately,” Bill Pulte said in

Fannie, Freddie regulator: Powell should cut rates or quit Read More »

ICE Mortgage Technology launches its own APOR index

CFPB News & Analysis, Mortgage technology, Secondary markets /

ICE Mortgage Technology has launched its own publicly available weekly average prime offer rate [APOR] index, the company announced Tuesday. The APOR index is the underlying interest rate source used to determine what qualifies as a higher-priced mortgage loan under federal regulations. For more than a decade, the Consumer Financial Protection Bureau has published the

ICE Mortgage Technology launches its own APOR index Read More »

Fannie, Freddie need rules to avoid ‘Race to the Bottom,’ NHC says

Fannie Mae, Freddie Mac, Secondary markets /

Privatizing Fannie Mae and Freddie Mac risks a return to the kind of perilous mortgages that helped cause the global financial crisis unless regulatory safeguards are kept in place, an affordable housing nonprofit said in a paper on Tuesday.  READ MORE: GSE overhaul talk revives as key players meet “This is essential to averting the

Fannie, Freddie need rules to avoid ‘Race to the Bottom,’ NHC says Read More »

GSE overhaul talk revives as key players meet

Politics and policy, Secondary markets /

The Federal Housing Finance Board is reportedly back in action after a long hiatus, leading to speculation that the Trump administration could be working on taking its next steps forward in contemplating government-sponsored enterprise reform. The heads of Fannie Mae and Freddie Mac’s conservator and regulator, Securities and Exchange Commission, Department of Housing and Urban

GSE overhaul talk revives as key players meet Read More »

Mortgage group eyes end of tri-merge reports

Credit reporting, Originations, Secondary markets, Servicing, Underwriting /

The Mortgage Bankers Association has begun to study the feasibility of reducing the government-related mortgage market’s traditional three credit-report pull to a single one, putting a new twist on an old proposal. President and CEO Bob Broeksmit said in a recent blog that the move could fit in with an industry regulator’s interest in promoting

Mortgage group eyes end of tri-merge reports Read More »

Nada fund buys 132 home equity agreements from affiliate

Housing markets, Secondary markets, Securitization /

U.S. Home Equity Fund I, a real estate investment fund managed by Nada Asset Management, has purchased 132 home equity agreements from an affiliate in an over $10 million transaction. Nada launched the fund in February of this year, with the aim of creating a diverse portfolio of HEAs, also referred to as home equity

Nada fund buys 132 home equity agreements from affiliate Read More »

Home equity investment products set to soar, experts say

Home equity loans, Originations, Secondary markets /

A “perfect storm” is paving the way for growth in home equity investment contracts, with originations and secondary market activity both on the upswing for the emerging asset class, industry leaders said this week.   Tailwinds behind the product gives reason for optimism, according to Mark Ginsberg, an expert in securitized products originations at Barclays Investment

Home equity investment products set to soar, experts say Read More »