After having initially been brushed off as unnecessary, a pilot program that allowed Freddie Mac and Fannie Mae to help finance single-family rental activity is now being hailed a success.

Analysts and investors are keeping a close eye on New Residential Investment Corp. these days, not because of bond market and interest rate fluctuations but because of its close ties to ailing Ditech Financial.

A new regulation set by the European Union for MBS and ABS issuance took effect at the start of the year. Though the rules don’t directly apply to U.S.-based deals, issuers here might have to comply if they want European investors to buy into their bonds.

Ginnie Mae again failed to correct an accounting flaw in its financial statements, prompting the Department of Housing and Ur-ban Development to withhold its opinion on the agency’s 2018 financial statement for the fifth consecutive year.

Market sources said Seterus struggled to find new servicing clients to replace its dwindling contracts with Fannie Mae.

Servicing will be handled by six different firms with Shellpoint Mortgage Servicing getting a large chunk of the contract…

The biggest reason for the slump: the decline in single-family MBS production by Fannie, Freddie and Ginnie…

Market sources said Seterus struggled to find new servicing clients to replace its dwindling contracts with Fannie Mae.

No disasters have been reported yet, but some lenders are beginning to worry...

One former Fannie Mae executive familiar with Seterus opined that IBM likely received “pennies” compared to what it invested in Seterus...