Federal Housing Finance Agency Director Mel Watt has less than 11 months left in his term, but already the speculation has begun regarding who the Trump administration might pick to succeed him.
Risk-sharing transactions from the government-sponsored enterprises are experiencing strong demand at issuance as well as in secondary trading. Officials at Fannie Mae and Freddie Mac note that they’re working on further improvements for the Connecticut Avenue Securities and Structured Agency Credit Risk programs.
The Securities and Exchange Commission has broadened the scope of an exemption for registering as an investment company to include sponsors of multiple securities that hold whole mortgages.
Real estate investment trusts that specialize in residential mortgage credit continued to add to their MBS holdings during the fourth quarter of 2017, according to a new Inside MBS & ABS ranking.
Rising interest rates can be a two-edged sword for MBS-investing real estate investment trusts: prepayment speeds will inevitably fall (the good), while new securities to buy could be in short supply thanks to lower originations in the primary market (the bad).
Participants in the MBS and ABS markets gathered in Las Vegas this week, trading stories about how well the market is operating while vendors handed out some surprisingly expensive gifts.
General Electric is exploring the possibility of a settlement with the Department of Justice to resolve an ongoing federal investigation of its discontinued pre-crisis subprime mortgage business, known as WMC.
The American Enterprise Institute this week released a proposal to gradually eliminate Fannie Mae and Freddie Mac through administrative action and reform the FHA program. Many of its recommendations could be implemented by the Federal Housing Finance Agency director that President Trump can nominate early next year.
The Internal Revenue Service said that interest payments on home-equity loans can still be deductible under the Tax Cuts and Jobs Act that went into effect at the end of 2017 if it’s used for home improvements.
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