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Secondary markets

UMBS a key risk in any GSE ownership change: report

Capital markets, Mortgages, Secondary markets, U.S. Fintech /

The idea of potentially unwinding all or part of the uniform mortgage-backed securities process has resurfaced in an analysis of government-sponsored enterprise ownership changes. Processing Content The report by capital markets and policy experts who are part of the Treasury Market Practices Group looks more broadly on what potential ownership changes contemplated at the GSEs could portend, […]

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Should conforming loan limit math change?

LOAN PRODUCTS, Originations, Politics and policy, Secondary markets, Underwriting /

A bill proposing a new way of determining what qualifies as a conforming loan would expand the jumbo market and invite more private capital into mortgage lending — but critics warn it could also push more borrowers into higher-rate loans and worsen an already severe affordability crunch.  Processing Content Rising home prices have swelled the

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Basel draft leaves nonbank warehouse financing in limbo

Basel draft leaves nonbank warehouse financing in limbo

Capital markets, Mortgages, Politics and policy, Secondary markets /

The latest Basel III proposal could encourage banks to hold more mortgages, but its impact on financing they provide to nonbanks selling home loans is “murkier,” according to a new report. Processing Content Pennymac’s early analysis of the proposed bank-capital rules’ impact on warehouse lending indicates that they currently preserve part of an earlier draft

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Freddie, Fannie updates lead wave of secondary market news

Freddie, Fannie updates lead wave of secondary market news

Capital markets, Secondary markets /

Fannie Mae, Freddie Mac, Vice Capital Markets, Better Mortgage and Wolters Kluwer are among companies adding new secondary market offerings, financing or related technology this week. Processing Content Freddie has released two new types of low-loan balance 30-year mortgages that receive cash pay-ups, according to Vice Capital Markets, which has added the products to its

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GSEs ease prefunding rules, extend manufactured housing terms

Mortgage technology, Mortgages, Secondary markets, Servicing, Underwriting /

Freddie Mac and Fannie Mae have respectively released a mix of new flexibilities and requirements for single-family mortgages they purchase as April has gotten underway. Processing Content Fannie is pulling back on some prefunding measures it had previously emphasized, while Freddie is making changes that affect loans in an underserved market that advocates and housing

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What President Trump can do about mortgage rates

GSEs, MBS, Mortgage Rates, Secondary markets /

Enjoy complimentary access to top ideas and insights — selected by our editors.Want unlimited access to top ideas and insights? Subscribe Now Since the US-Israeli war with Iran erupted, yields on the ten-year Treasury note have risen almost half a point, pulling residential mortgage coupons up a similar amount for 30-year fixed rate loans. Markets

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Mortgage credit costs jumped 10x in 4 years: CHLA

Credit, Mortgages, Originations, Secondary markets /

A community lenders group is pressing for more competition in GSE credit scoring and reporting, and a new report backs the push, quantifying recent price hikes and warning that more are coming.   Processing Content Credit metric costs have gone from a range of $150 to $250 for a conventional loan in April 2024 to an

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Double-pledging risk: What mortgage lenders should know

Capital markets, Mortgages, Originations, Risk management, Secondary markets /

As recent incidents of double-pledging risk increase outside the domestic single-family mortgage market, questions arise as to whether they could soon be a concern for home lenders in the United States. Processing Content Double pledging occurs when an asset such as a mortgage or auto loan gets used as collateral for more than one source

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Fannie Mae, Freddie Mac shares rebound on Ackman statement

Fannie Mae, Freddie Mac shares rebound on Ackman statement

Capital markets, Secondary markets /

Bill Ackman, chief executive officer of Pershing Square Capital ManagementJeenah Moon/Bloomberg Government-sponsored enterprise stocks staged a recovery in the wake of a social media post from an influential figure on Wall Street who holds shares. Processing Content Billionaire and legacy GSE investor Bill Ackman’s X post on Sunday indicating the stocks were “stupidly cheap” gave

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Ginnie Mae gives issuers a break, adds new prepayment data

Ginnie Mae, Mortgages, Secondary markets, Servicing /

Government mortgage-backed securities guarantor Ginnie Mae is providing some deadline relief to issuers who may be rushing to file annual audited financial statements this week. Processing Content Ginnie has announced that it’s removing the 15-day advance notice requirements for extension requests on the statements, which are due March 31 for most issuers. The financial statements

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