Commercial real estate collateralized loan obligations are a valuable financing tool, albeit with some risks, industry officials said at a conference sponsored by the CRE Finance Council in Miami last week.
The average daily trading volume in agency MBS fell to $212.9 billion in December, one of the lowest readings of the year, according to figures compiled by the Securities Industry and Financial Markets Association.
Fannie Mae and Freddie Mac are coming off strong years for their multifamily business and most observers say that success is likely to continue well into 2019.
Some Democrats are concerned that FHFA nominee Mark Calabria isn’t the best person to chart the GSEs’ future course. A full Senate confirmation of Calabria could take several months, though.
With Michael Bright at the helm, the Structured Finance Industry Group plans to focus on policy issues and on strengthening ties with key members of government and regulatory bodies.
Despite a sharp rise in the fourth quarter, issuance of commercial MBS for the whole of 2018 declined 6 percent. Agency multifamily MBS continued to dominate the overall CMBS market. [Includes one data chart.]
The Federal Housing Finance Agency, which regulates Freddie Mac and Fannie Mae, last week said it will no longer defend its single-director leadership structure.
As a new era of oversight begins, Rep. Maxine Waters, D-CA, chairwoman of the House Financial Services Committee, is aiming for reform of credit reporting agencies.
Mortgage lenders continue to fund loans even as the record-long government shutdown entered its fifth week. However, the process, particularly for FHA and VA, is much slower than a few weeks ago due to lack of funding and severely reduced staff, according to industry participants.
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