Speculation is rampant that the Trump administration will appoint a new director of the Federal Housing Finance Agency who will begin carving away chunks of the single-family mortgage business that Fannie Mae and Freddie Mac now finance in conservatorship.
S&P Global Ratings’ structured finance team sees strong growth potential for collateralized loan obligations backed by “green” assets, albeit with some challenges.
A federal district court in Manhattan agreed to halt legal proceedings in an investment compa-ny’s challenge of U.S. Bank’s billing practices until the primary residential MBS case involving the two parties is resolved.
The outstanding volume of mortgages serviced for other investors by banks and thrifts has been falling almost constantly in the aftermath of the financial crisis, but the third quarter of 2018 saw a relatively rare increase. Banks and thrifts serviced $3.627 trillion of residential mortgages for other investors – typically mortgage-backed securities trusts – at the end of September, according to a new Inside Mortgage Trends analysis of call-report data ... [Includes one data chart]