The next 12-to-24 months will be a good time for the home equity lending market because of the conditions affecting the first lien business, experts say. With elevated mortgage rates, the amount of equity homeowners hold right now and the relative shortage of inventory “it’s a really lucrative environment for home equity, and has been […]
Home equity lending has strong two-year runway ahead Read More »
New York Mortgage Trust is staging a consent solicitation to support its latest move into what it considers the right mix and amount of less credit-sensitive assets and higher yielding ones. The company is asking for certain bond investors’ permission to exceed a maximum 8-to-1 debt-to-equity ratio it’s contractually obligated to ensure it meets on
NYMT seeks leeway on debt-to-equity ratio to fuel investment Read More »
Vontive, which is a fintech specializing in business purpose mortgages, has received an investment from Citi, which also acted as lead bookrunner on its first-ever securitization. The amount of the off-cycle investment was disclosed. It is the first new capital in the company since its 2022 Series B fundraise, said Vontive CEO Charles McKinney. The
Citi invests in business purpose lender Vontive Read More »
Two, the real estate investment trust that owns Roundpoint Mortgage Servicing, is anticipating legal expenses that some analysts say could lead to asset sales. The REIT expects a $198.9 million charge for May that includes a $139.8 million fee as a contingency liability and $60 million in related expenses due to the lawsuit with its
Two expects $198.9M charge from external manager lawsuit Read More »
Experts are weighing the future of mortgage rates and guarantee fees following the Trump administration’s strong yet mixed messaging on the future of Fannie Mae and Freddie Mac. President Trump in a Truth Social post Tuesday said he’s working on taking the government-sponsored enterprises public, stating they would retain their “implicit guarantees,” and that he
What Trump’s latest GSE comments could mean for mortgages Read More »
The Mortgage Industry Standards Maintenance Organization has made two editions of its reference model, one an update and the other a new version, available for industry use. Its Version 3.6 Reference Model was released in 2023, and in a statement contained in MISMO’s 2022 annual report, then-President Seth Appleton called it “foundational to the way
MISMO releases new reference model, updates existing one Read More »
Influential government-related mortgage investor Fannie Mae will be partnering with Palantir, a company involved in introducing more artificial intelligence to financial services, as its regulator and conservator steps up its fight against fraud. Peter Thiel, who owns stakes in Trump administration ally Elon Musk’s companies, founded the AI firm that will be helping identify patterns
Fannie Mae partners with Palantir to weed out fraud Read More »
Hildene Capital has closed its fourth nonqualified mortgage securitization of 2025 with Crosscountry Mortgage, continuing what has been fairly consistent issuance amid policy shifts this year. The $453.9 million transaction that Goldman Sachs structured with JPMorgan acting as joint lead received top AAA ratings from Fitch and KBRA for 99.5% of its underlying loans. The
Hildene Capital closes new non-QM deal Read More »
Last week, during remarks to the MBA Secondary & Capital Markets event in New York City, FHFA Director Bill Pulte commented that he thought the estimates for the valuations for Fannie Mae and Freddie Mac were too low. Pulte then made clear that releasing the GSEs from conservatorship “is a decision for the President of
How President Trump can monetize the GSEs Read More »
President Trump’s stated interest in exploring a public offering of Fannie Mae and Freddie Mac’s shares had led to some shifts in how their stock and mortgage-backed securities traded at deadline on Thursday, but not to the degree a commitment to a conservatorship exit would have. Barclays reported that shares of the larger of the
Trump mulling exit nudges GSE stocks higher, MBS wider Read More »