The Fed chief told elected officials that whatever housing finance reform plan they choose to replace Fannie Mae and Freddie Mac, it should be clear to private investors about the government’s role in the market.
California remains the top source of new single-family mortgages for Fannie Mae and Freddie Mac, even as Fannie remains the dominant GSE in terms of production through the first half of the year, according to an Inside The GSEs analysis. A total of $160.3 billon home loans on Golden State properties were securitized by the two GSEs during the first six months of 2013, accounting for 23.1 percent of their total business for the half year. That was up 21.2 percent from total California production during the first six months of 2012 as the overall GSE market rose 20.2 percent from a year ago.
Mortgage company owners hoping to go public or tap the capital markets for another round of equity financing may have to temper their expectations in the new interest rate environment. But that doesn’t mean initial public offerings are out of favor with investors. According to industry experts, it’s a matter of expectations. “Some people are saying these deals won’t happen now,” said Paul Miller, a top analyst at FBR Capital Markets. “But I’m not in that camp. Any deal that is priced correctly will sell.” Miller told...
The steady recovery in prime jumbo securitizations and financing needs of nonbank mortgage servicers fueled a modest increase in non-agency MBS issuance during the second quarter of 2013, according to a new Inside MBS & ABS ranking and analysis. A total of $10.08 billion of non-agency MBS were issued during the second quarter, up 17.6 percent from the first three months of the year. It was the strongest three-month output in two years and lifted year-to-date issuance to $18.66 billion, a 119.0 percent increase over the same period in 2012. Re-securitizations of seasoned non-agency MBS have tapered...[Includes two data charts]
RSS