Apply Online
Schedule a Call

Secondary markets

Freddie Mac raises some reimbursement limits for some fees

Distressed, Secondary markets, Servicing /

Freddie Mac is instituting higher limits for amounts it will reimburse for attorney costs associated with uncontested distressed mortgage resolutions, including mediation, and certain bankruptcy services. Specific amounts include $650 for preparing and recording a loan released after a deed-in-lieu of foreclosure gets completed, according to a bulletin. The limit for a premediation conference is […]

Freddie Mac raises some reimbursement limits for some fees Read More »

Figure HELOC securitization breaks new ground in ratings

HELOCs, Mortgage technology, Secondary markets /

Figure Technology Solutions has announced a blockchain-based home-equity line of credit securitization that it says is the first to receive a AAA rating from a major rating agency, broadening its investor base. Standard & Poor’s ratings for the $355 million, six-tranche deal, FIGRE 2025-HE3, range from a top AAA to B-minus, which is a low-end

Figure HELOC securitization breaks new ground in ratings Read More »

ALTA shakes up leadership: Tomb out, Morton in as CEO

Career moves, Originations, Regulation and compliance, Secondary markets, Title insurance, Underwriting /

Diane Tomb is out as CEO of the American Land Title Association, and there are indications that the departure was not voluntary. Chris Morton, previously senior vice president of public affairs and chief advocacy officer, has been named as Tomb’s replacement. Morton had been in that role since 2020 when he first joined ALTA. “We

ALTA shakes up leadership: Tomb out, Morton in as CEO Read More »

How DOGE could shrink federal housing spending

Distressed, HUD, Politics and policy, Secondary markets /

Enjoy complimentary access to top ideas and insights — selected by our editors. As the Trump Administration looks for cost savings at HUD and FHFA, they are learning that things that seem easy to achieve on the surface can be far more complex in practice. After the relatively easy task of headcount reductions, for example,

How DOGE could shrink federal housing spending Read More »

Ginnie Mae lifts buydown limit for custom pools

Originations, Politics and policy, Secondary markets /

Mortgage companies could soon find it easier to sell the many single-family loans with interest-rate buydowns into the Ginnie Mae market as it plans to soon exempt custom pools from a recently added restriction. Ginnie, which guarantees securitizations of mortgages that other public entities back at the loan level, said it is updating temporary rules

Ginnie Mae lifts buydown limit for custom pools Read More »

MISMO puts eHELOC specs out for comment

Digital mortgages, E-Commerce, HELOCs, Mortgage technology, Secondary markets /

In a move that could further boost a mortgage segment that’s expected to grow, the Mortgage Industry Standards Maintenance Organization has put the SMART Doc V3 eHELOC Specification out for comment for a 30-day period through July 5. MISMO, a subsidiary of the Mortgage Bankers Association, is the development standards body for the mortgage industry,

MISMO puts eHELOC specs out for comment Read More »

Low credit scores in non-QM verge on 10% default rate

Distressed, Risk management, Secondary markets, Servicing, Underwriting /

Nonqualified mortgage performance over the past decade has varied broadly by segment while generating relatively few credit losses on average, a new Kroll Bond Rating Agency study shows Weighted averages show losses from a 3.8% cumulative default rate have been just 0.03%, but the CDR is far higher for a market segment like borrowers with

Low credit scores in non-QM verge on 10% default rate Read More »

Home remodeling bond sales surge as Americans avoid moving

Homebuilders, Housing Inventory, REALTORS & HOMEBUILDERS, Secondary markets /

Wall Street is cranking up the bond machine as US homeowners, finding that buying a new house is out of reach since mortgage rates started climbing in 2022, are instead getting home equity loans and sprucing up their current properties. Roughly $18 billion of bonds, backed by consumer loans on everything from second mortgages to

Home remodeling bond sales surge as Americans avoid moving Read More »

How the secondary market is shaping home equity strategies

Capital markets, Home equity loans, Secondary markets /

Nondepository origination of home equity products has been growing as traditional mortgage opportunities have waned, leading to increased reliance on secondary market buyers whose interest may vary over time. And while investors’ collective involvement has generally kept pace with increased production as lenders have originated more second liens, volatility in broader markets has led to

How the secondary market is shaping home equity strategies Read More »

How Loandepot managed some MSR financing maturing this year

Capital markets, MSR, Secondary markets, Servicing /

Loandepot announced a new source of funding collateralized by certain cashflows from mortgage servicing rights that will allow it to redeem other similar financing due this October. The private offering of term notes secured by MSRs has an aggregate principal balance of $200 million and is somewhat similar to other financing vehicles other large nonbanks

How Loandepot managed some MSR financing maturing this year Read More »