Fannie Mae and Freddie Mac should standardize their programs and policies that impact cash flows in preparation for the new Uniform Mortgage Backed Security, according to a proposed rule issued by the Federal Housing Finance Agency this week. The proposed rule incorporates recent input from the Securities Industry and Financial Markets Association. The regulator noted that standardizing policies that affect cash flows to investors in to-be-announced MBS will benefit market participants and homeowners. “By instituting regulations that further standardize those products, the proposed rule and the UMBS would reduce complexity and the cost of analytics set to be introduced in the second quarter of 2019,” said the FHFA, adding that it will also help encourage a broader investor base.

Silvergate Bank is actively providing warehouse lines of credit to non-QM lenders and we understand that Comerica is now sticking its toe in the water…

Wedbush estimates that originations will fall by 8.0 percent this year…

Through the first eight months of the year, Ginnie issuance was down 11.0 percent...

The CMBS transactions with the highest potential exposure are collateralized by shopping malls and office properties in Northern Virginia...

Annaly may use the proceeds to fund additional acquisitions of mortgage servicing rights…

As one source put it: “Blackstone wants you to make it big or you’re gone.”

During the second quarter Redwood deployed $40.0 million in customized financing for nonbanks…

The nonprofit exchange must pay for any “property” associated with CSS…

While total jumbo originations among the lenders increased by 37.1 percent on a quarterly basis, correspondent volume was up by 63.7 percent.