Mortgage real estate investments trusts might get more active in the credit risk transfer activity of government-sponsored enterprises Fannie Mae and Freddie Mac after U.S. Rep. Ed Royce, R-CA, this week seemed to secure a commitment from Securities and Exchange Commission Chair Mary Jo White to help facilitate such greater involvement. “What we’ve been trying to do … is to take a strong interest in housing finance reform and see how we can move forward ...

Moreover, during the quarter, the REIT joined the Federal Home Loan Bank of Atlanta.

After a seven-year hiatus, Silver Hill Funding this month re-entered the market for small-balance commercial mortgages, rolling out a menu catering to borrowers that are looking to buy multifamily properties, as well as office, retail, light industrial, self-storage and mixed use. Under its initial program, it will extend credit to both investors and owner-occupants ranging from $250,000 to $1 million as the nonbank attempts to serve a niche that it believes is ignored by ...

Last week, Wall Street groups and some Washington, DC, allies raised concerns that the Basel Committee on Banking Supervision’s Fundamental Review of the Trading Book (FRTB) proposed standard will have potentially negative effects on U.S. securitized products. The proposal could hamper the recovery of the non-agency MBS market, the resolution of government-sponsored enterprises Fannie Mae and Freddie Mac, and the full restoration of mortgage credit availability ...

The Federal Housing Finance Agency filed a motion last week to dismiss a lawsuit that was filed by Fannie Mae and Freddie Mac shareholders in Delaware this summer who argued that the Treasury sweep of the government-sponsored enterprises’ profits is illegal under state law. The complaint stated that with Fannie chartered under Delaware law and Freddie under Virginia’s jurisdiction, the preferred stock of a corporation cannot be given a cumulative dividend right equal to all the ...

The inspector general of the Department of Housing and Urban Development refused to sign off on Ginnie Mae’s fiscal 2015 financial statement and its restated financial statement for FY 2014 due to lingering concerns about the accuracy of both statements. The IG said it was unable to obtain sufficient evidence to express an audit opinion on the fairness of the $5.4 billion in non-pooled, defaulted mortgage loans still held by Ginnie Mae. The agency also continued to use improper ...

Interest rates are rising and that means more MSR packages are likely to hit the market.

The HECMs backing the bond are either in default, due and payable, in foreclosure or REO...

Mortgage executives have much to worry about these days: TRID, declining loan volumes and marketing services agreements, a new survey found.

A number of different firms handle servicing on the loans, led by Ocwen Financial with a 54.1 percent share.