In his report, KBW analyst Bose George said, “While Mel Watt, director of the FHFA, was questioned about some of these issues in past congressional hearings, this will be the first hearing to focus exclusively on this topic.”
New MBS and ABS issuance was up slightly from the second to the third quarter of 2018 only because housing markets produced a modest gain in agency single-family business, according to a new analysis and ranking by Inside MBS & ABS. [Includes three data charts.]
Some participants in the MBS and ABS markets aren’t doing enough to prepare for the potential discontinuation of the London Interbank Offered Rate, according to industry analysts.
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.
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