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Secondary markets

Non QM reaps benefits from policy, market discipline: execs

Non QM reaps benefits from policy, market discipline: execs

LOAN PRODUCTS, Mortgage Bankers Association, Originations, Secondary markets /

Frin left to right: Moderator Devin Norales, and panelists Max Slyusarchuk, Jeremy Schneider, Peter Simon and Rudy Orman address the audience at the Mortgage Bankers Association’s Secondary and Capital Markets Conference in New York on May 19, 2025. Politics, marketing and organic growth within the borrowing public are providing momentum to non-qualified mortgage businesses, leading […]

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Trump floats a public offering for Fannie Mae, Freddie Mac

Politics and policy, Secondary markets /

President Donald Trump said Wednesday evening that he was giving “very serious consideration to bringing Fannie Mae and Freddie Mac public” after more than a decade of being under government oversight. “Fannie Mae and Freddie Mac are doing very well, throwing off a lot of CASH, and the time would seem to be right,” Trump

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Lenders bet on e-notes as adoption ramps up

Capital markets, Secondary markets, Technology /

Widespread industry adoption of electronic promissory notes presents challenges but has steadily gained momentum over time as various aggregators sign on, and one is paying up for certain downpayment assistance loans using them. Western Alliance’s Amerihome, the largest bank-owned correspondent investor in the mortgage business, recently got on board with e-notes. Also Click n’ Close,

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Unusual MSR trends emerge as the market shifts

Capital markets, MSR, Secondary markets, Servicing /

The market for mortgage servicing rights has some unusual dynamics, one panelist at the Mortgage Bankers Association’s Secondary and Capital Markets Conference said Monday. “It used to be that the bulk market wouldn’t even be attractive on an execution level if there was a billion or more. Now you’re seeing very small trades of a

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‘Don’t fix what’s not broken’: experts mull cons of GSE exit

Capital markets, Fannie Mae, Freddie Mac, GSE Reform, Secondary markets /

While some policymakers have long pushed to release Fannie Mae and Freddie Mac from government conservatorship, experts caution that a return to full privatization would be far from a fairy tale. Panelists Tuesday at the Mortgage Bankers Association’s Secondary & Capital Markets Conference weighed the many downsides of the complicated, and increasingly unlikely move if

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PMSI’s CEO on why servicers can’t ignore low exception rates

PMSI’s CEO on why servicers can’t ignore low exception rates

Capital markets, Secondary markets, Servicing /

Dan Thompson, chief executive of mortgage servicing management firm PMSI, numbers among industry veterans who managed mortgages during and prior to the Great Financial Crisis, so he’s seen worst-case scenarios and worked to help the industry avoid them since. The instances where exceptions from common servicing procedures were used averaged around 1% in 2024, which

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Mortgage bonds largely unscathed after Moody’s downgrade of US

Capital markets, MBS, Secondary markets /

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FHFA’s Pulte defers to a higher authority on conservatorship

FHFA, Fraud, Politics and policy, Risk management, Secondary markets /

Bill Pulte, director of what has been known as the Federal Housing Finance Agency, shed light on certain plans he has for the government-sponsored enterprises during an appearance at an industry event on Monday, but deferred to President Trump on a conservatorship exit. Pulte told attendees at the Mortgage Bankers Association’s secondary market conference in

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What Ginnie Mae’s newest executive is planning for mortgages

Ginnie Mae, Mortgage technology, Politics and policy, Secondary markets /

Ginnie Mae’s operations chief told the industry Monday he is pursuing data improvements and revisiting several industry suggestions for innovations that could improve operations. When asked about concepts the Mortgage Bankers Association has recommended exploring such as creating a securitization vehicle for early buyout loans, Chief Operating Officer Joseph Gormley said Ginnie is “taking a

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Lenders feel better, not exuberant, about housing market

Economy, LOAN PRODUCTS, Mortgage Rates, Originations, Secondary markets /

The Mortgage Bankers Association’s latest forecast for 2025­ expects volume to be slightly lower than previously thought, with a 14% increase in the number of units produced.  Mike Fratantoni, the group’s chief economist speaking at its Secondary & Capital Markets Conference in New York on Monday, recounted discussions he had in recent days with people

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