Over the years it seems as though commercial banks have basically ceded the multifamily market to nonbanks that use the GSEs as their secondary market takeout…

MBA: “An important recent example is the use of a single vendor for various aspects of a major enterprise technology project, thereby forcing many lenders to choose whether to retain their existing vendors or switch to the lone ‘approved’ vendor.”

Another mortgage company has closed. This one in Texas...

The corporate shell includes 27 state licenses…

Fannie Mae and Freddie Mac issued a record $4.53 billion of new credit-risk transfer debt notes during the first quarter of 2018, according to an Inside MBS & ABS analysis. [Includes one data chart.]

Fannie Mae and Freddie Mac don’t act like two companies in their 10th year of government conservatorship, waiting for federal policymakers to figure out what to do with them.

In what is largely an intellectual exercise, Federal Housing Finance Agency Director Mel Watt said last week that the agency will propose a new risk-based capital rule for Fannie Mae and Freddie Mac even though it won’t apply while they’re in conservatorship.

The surge in CRT debt issuance came during a time when new MBS production for the GSEs sank by 19.3 percent.

The seller of the portfolio, who was not identified, wants to complete the transaction by July 31.

“We’re partnering with external firms to understand and anticipate their needs,” said Freddie Mac official Kevin Palmer…