Three names are being kicked around to head Ginnie Mae, the government’s $2 trillion MBS guarantor: Robert Couch, Clinton Jones and Joe Murin. But is something else afoot?
The outlook for hotels and suburban offices remains questionable because excess supply is likely driving up default risk in commercial MBS backed by these property types, says Moody’s.
The agency is seeking comment on an initial draft policy guidance for accepting digitized mortgages and loan packages as underlying collateral for Ginnie MBS.
Redwood Trust’s investments have generated returns of around 12% so far this year. The REIT is increasing acquisitions of re-performing loan securities issued by Freddie Mac.
Citadel Servicing, which played a key role in the rebirth of nonprime lending this decade, will have new owners soon. But will the firm finally tap the securitization market? Stay tuned.
Amid criticism from lawmakers that releasing Fannie Mae and Freddie Mac from federal control might enrich hedge funds, Federal Housing Finance Agency Director Mark Calabria said he is willing to wipe out the shareholders to protect taxpayers from another GSE bailout.
An Australian nonbank lender is prepping a residential MBS deal with part of its senior tranche denominated in U.S. dollars. It is not the first time the nonbank has done so.
Commercial MBS backed by retirement properties could see a rise in delinquencies due to excess supply in the senior housing market, according to a new report by Kroll Bond Rating Agency.