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Secondary markets

FHFA plan renews its effort to grow counterparty oversight

FHFA, Mortgages, Politics and policy, Secondary markets, U.S. Fintech /

The Federal Housing Finance Agency’s latest performance review plan emphasizes interest in having more power to review Fannie Mae and Freddie Mac’s business partners. Processing Content “Currently, US Federal Housing does not have statutory authority to oversee third-party service providers. These third-party relationships can potentially pose risks,” the agency — which Director Bill Pulte alternately […]

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Major GSE investor echoes Ackman’s call for Fannie, Freddie uplisting

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

Oksenholt Capital Management, an investor in Fannie Mae and Freddie Mac’s stock, is echoing earlier calls by billionaire Bill Ackman for the government-sponsored enterprises’ shares to be moved back to a major exchange. Processing Content “In my view, the time has come for Fannie Mae and Freddie Mac to return to a major public exchange

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Trump building order targets supply-side constraints

Homebuilders, Originations, Politics and policy, Secondary markets /

A new federal executive order from President Trump related to “removing regulatory barriers to home construction” aims to increase affordable inventory through broad deregulation. Processing Content The Federal Housing Finance Agency and the Department of Housing and Urban Development are among several public entities the order directs to take a series of steps to that

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Fannie, Freddie share sale likely after midterms or later

Capital markets, Politics and policy, Secondary markets, The Great American Mortgage Corporation /

Movement on plans for an offering of shares from government-sponsored enterprises Fannie Mae and Freddie Mac is likely to be tabled until after the midterm elections, according to a Wedbush report. Processing Content “The only discussion we are expecting from the administration regarding these two until after the midterms, if at all, is around the

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Second liens appear on 16% of U.S. mortgages

Home equity loans, LOAN PRODUCTS, Secondary markets, Servicing /

The share of primary mortgages on properties that also have second liens is currently in the double digits, reflecting growth in home equity lending that’s increasingly relevant to agency mortgage-backed securities investors. Processing Content Approximately 16% of active first liens are on homes that also have seconds on them, representing a total outstanding balance of

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Radian shuts mortgage conduit instead of selling

M&A, PMI, Secondary markets, Securitization /

Radian Group will be shutting its mortgage conduit rather than trying to find a buyer for the business, the company confirmed. Processing Content The story originally appeared in HousingWire. “Radian ceased accepting new business for Radian Mortgage Capital early last week and is in the process of thoughtfully winding down the business over the coming

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FOA reports another loss in Q4, still profits in 2025

Capital markets, Earnings, Originations, Reverse mortgages, Secondary markets /

Finance of America posted another net loss in the fourth quarter, but saw significant profit increases for 2025 as a whole. Processing Content The reverse mortgage company reported a $21 million loss from continuing operations in the fourth quarter, a $7-million improvement from the previous quarter, FOA revealed on an earnings call Tuesday. On an

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Purchase locks jump as rates dip in February

Mortgage Rates, Originations, Secondary markets, Underwriting /

Mortgage rates dropping to a three-year low last month drove up lock activity, specifically among purchase borrowers. Processing Content Total rate-lock volume increased 9% month over month and nearly 40% on an annual basis, according to Optimal Blue’s latest Market Advantage report. Purchase lock activity rose more than 14% from January and 5% compared with

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Fannie, Freddie join Anthropic ban, address DHS shutdown

Fannie, Freddie join Anthropic ban, address DHS shutdown

Politics and policy, Secondary markets, Servicing /

William Pulte, director of the Federal Housing Finance Agency during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing in Washington on Thursday, Feb. 27, 2025. Photographer: Al Drago/BloombergAl Drago/Bloomberg Fannie Mae, Freddie Mac and their oversight agency have responded to a couple of broader federal developments this week, including a falling out with

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Elliott, SMBC and Macquarie exposed to collapsed lender MFS

Secondary markets /

Elliott Investment Management, SMBC and Macquarie Group Ltd. are exposed to Market Financial Solutions Ltd., adding to the list of Wall Street firms caught up in its collapse. Processing Content Elliott holds about £200 million ($268 million) of mortgage-backed facilities tied to the failed lender while Sumitomo Mitsui Banking Corp. has about £100 million of

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