If Rep. Jeb Hensarling’s new housing finance reform bill becomes law, the common securitization platform of Fannie Mae and Freddie Mac and the “disclosure framework from Common Securitization Solutions” will be transferred into a private, nonprofit corporation or “exchange.”
With nonbanks dominating Ginnie Mae’s single-family MBS program, liquidity is an important factor in the issuance and servicing of Ginnie MBS and has been the agency’s focus in recent years.
Securitizations of residential property assessed clean energy assessments are performing better than projections made by Kroll Bond Rating Agency when issuance started four years ago, according to the rating service. Meanwhile, predicting prepayment rates remains difficult, KBRA noted in a report released late last week.
Increasing use of smart building technologies such as the internet-of-things can benefit commercial real estate, and thus bring meaningful impact to commercial MBS, said DBRS.
A number of commercial real estate lenders are dipping their toes into lending to marijuana dispensaries with the expectation of securitizing these loans, but such ventures might be premature, according to an analysis by the Dechert law firm.
JPMorgan is the parent company of the nation’s second largest residential lender, Chase. Trump last decade started a small mortgage brokerage operation in Long Island and then killed it...
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