Years of preparation for single security issuance by Fannie Mae and Freddie Mac appear to be paying off as officials involved in the effort suggest that the government-sponsored enterprises and industry participants appear ready for the transition.
Real estate investment trusts, searching for yield, are looking to expand their role in the non-qualified mortgage market, with an eye toward providing greater liquidity to nonbank originators.
Fannie Mae and Freddie Mac shareholders received a bit of good news late last week when a judge sided with them on one of their arguments against the government.
It appears – for now – that Federal Housing Finance Agency Director Mel Watt will serve out the remainder of his term, despite a recent public airing of sexual harassment allegations levied against him by senior advisor Simone Grimes.
Despite the slowdown in the securitization of residential property assessed clean energy assessments, the market is in good condition because of its low credit risk and growing consumer protection, according to Morningstar Credit Ratings.
Securitization of re-performing loans has seen a significant uptick since more borrowers moved from nonperforming to re-performing status as a result of modifications and other loss-mitigation techniques, according to an analysis by DBRS.
It appears that the Senate is ready to tackle industry complaints about Fannie Mae and Freddie Mac pilot programs. The Senate Banking Housing and Urban Affairs Committee announced this week that they will hold a hearing on Oct. 18 to discuss the oversight of pilot programs at the government-sponsored enterprises. …
Issuance trends for non-agency mortgage-backed securities stocked with newly-originated mortgages were mixed in the third quarter, according to a new ranking and analysis by Inside Nonconforming Markets. Issuance of prime non-agency MBS declined significantly on a sequential basis in the third quarter. And for the first time, expanded-credit MBS issuance volume topped prime non-agency MBS activity. Some $3.58 billion of expanded-credit MBS was ... [Includes one data chart]
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