COVID-19 Deals a Big Blow to Commercial Lending May 28, 2020 Yemeng Yang Production of commercial MBS for 2020 is expected to be less what was forecast earlier in the year, according to industry analysts. Read More
FHFA Sets GSE Capital at 4%. Next Stop IPO-land? May 21, 2020 Dennis Hollier and Paul Muolo The new FHFA-sponsored capital rule is finally here. But how long will it take for Fannie and Freddie to meet the standard before they can be released from conservatorship prison?Read More
Non-Agency MBS Issuance Resumes with Non-QMs, Prime Loans May 21, 2020 Brandon Ivey A non-QM MBS closed last week and deals from other issuers are in the works. A prime non-agency MBS with newly originated loans was also introduced.Read More
As Forbearance Keeps Growing, FHA Ponders ‘Loans in Progress’ May 21, 2020 Paul Muolo Ginnie Mae is keeping a close eye on the COVID-19 forbearance readings. The wild card: the FHA’s stance on loans in progress.Read More
In the Name of Liquidity, NRZ Borrows at a Cost of 11% May 21, 2020 Brandon Ivey and Paul Muolo Certain nonbanks in the MBS market can tap liquidity through new borrowings but terms can be pricey. Case in point is New Residential. Read More
Morningstar Settles Conflict-of-Interest Charges May 21, 2020 Brandon Ivey Ratings analysts at Morningstar allegedly engaged in sales and marketing activities in 2015 and 2016, a big no-no.Read More
Social Bonds Gain Momentum During Pandemic May 21, 2020 Yemeng Yang Bank of America issued a $1 billion social bond to combat the economic impact of the coronavirus, the first U.S. commercial bank to do so.Read More
Court of Claims Rulings Mixed in GSE Shareholder Cases May 21, 2020 Dennis Hollier Less than a week after dismissing the Arrowood case, Judge Margaret Sweeney released a previously sealed different decision in a related case.Read More
Housing Graybeards Opine on COVID-19 and Servicing May 21, 2020 Industry experts have identified the TALF program as a vehicle the government could use to help fund nonbank mortgage servicers.Read More
Ginnie PTAP Could Grow as MF and Reverses Are Added May 14, 2020 Paul Muolo Ginnie Mae's PTAP initiative has been expanded to include multifamily collateral and reverse mortgages could be next. But will issuer usage grow?Read More