Fannie Mae Moves Forward with Two CIRT Deals May 28, 2020 Dennis Hollier Directed by its regulator to curtail non-insurance front-end risk transfer deals, Fannie is piling into CIRTs instead. Read More
As Forbearance Keeps Growing, FHA Ponders ‘Loans in Progress’ May 21, 2020 Paul Muolo Ginnie Mae is keeping a close eye on the COVID-19 forbearance readings. The wild card: the FHA’s stance on loans in progress.Read More
Social Bonds Gain Momentum During Pandemic May 21, 2020 Yemeng Yang Bank of America issued a $1 billion social bond to combat the economic impact of the coronavirus, the first U.S. commercial bank to do so.Read More
Ginnie PTAP Could Grow as MF and Reverses Are Added May 14, 2020 Paul Muolo Ginnie Mae's PTAP initiative has been expanded to include multifamily collateral and reverse mortgages could be next. But will issuer usage grow?Read More
Three Mortgage Vendors Offer Senior Notes May 14, 2020 Yemeng Yang Zillow Group, Radian Group and First American Financial recently priced senior note offerings to bolster liquidity.Read More
Ginnie Ponders Private Financing. Forbearance Looms May 7, 2020 Paul Muolo Will the FHA hike premiums as a way to allay forbearance risk on Ginnie Mae-backed loans? Probably not, but it’s an option. Read More
Coming Soon: LLPAs on FHA Loans. A Better Deal? April 30, 2020 A loan-level pricing adjustment payment grid is expected shortly from FHA. The charges could have a profound impact on the Ginnie Mae market. Read More
The Fed Takes Extraordinary Measures. Still Undecided: Nonbanks March 26, 2020 Paul Muolo The coronavirus economic assistance package is signed, sealed and delivered but concerns remain over the ability of nonbanks to pay MBS holders in the event delinquencies spike over the short term. Read More
Bank of New York Mellon No Longer a Ginnie Document Custodian March 19, 2020 Paul Muolo Bank of New York Mellon is no longer an approved MBS document custodian for Ginnie Mae.Read More
GSEs Accelerate Multifamily CRT March 12, 2020 Dennis Hollier Freddie has priced in excess of $8 billion in multifamily CRT so far in 2020 while Fannie has added more than $10 billion of MCIRT.Read More