Republicans are poised to introduce a bill that would codify reforms of the GSEs that have been completed administratively. The bill would also establish a utility model framework for Fannie Mae and Freddie Mac and alter how calculations are made to annual changes in loan limits.
Fannie Mae and Freddie Mac appear to be using aggressive pricing at the cash window to boost whole loan purchases, then retaining the most attractive coupons.
The ABS is backed by 5,441 fixed-rate balloon loans tied to bitcoin holdings. The loans have an outstanding balance of $199.1 million. There are concerns about rising LTV ratios as the value of bitcoin drops.
SFA asked the IRS to provide additional information on how the new car loan interest deduction rule and reporting requirements apply to auto loan securitizations.
Loan-on-loan facilities for commercial properties offer lenders more flexibility, financing of larger loans and can be tailored to a specific agreement.
The Community Home Lenders of America reiterated its support for program revisions at Ginnie Mae to ease liquidity challenges faced by small and mid-sized nonbanks.