The Community Home Lenders of America is pushing for Congress to create a cash window for deliveries to Ginnie Mae. Former Ginnie President Ted Tozer noted the agency’s charter doesn’t allow it to operate a cash window.
Is the mortgage REIT sector in for a turnaround? Maybe so, but some companies will be paying more money to preferred shareholders who bought variable-rate debt that reprices in 2024.
AG Mortgage Investment Trust lodged a competing bid for Western Asset Mortgage Capital; Fannie, Freddie, Ginnie added to MBS disclosures; RMF sold some reverse mortgage MSRs.
A suggestion for limiting interest rate risk at banks; tighter spreads for Fannie’s new CRT; Victory Park Capital launches structured finance unit; and more.
Ginnie Mae MBS issuance finally caught up to sharp declines in primary-market originations, while ECM securitization was buoyed by more-seasoned loans.
The rounding of home prices in HMDA data complicates the calculation of whether loans below the conforming loan limits are more likely to be securitized into agency MBS in areas affected by climate change.