Nonbanks, risky or not for the MBS market? Ginnie Mae’s new capital proposal may finally settle the question. If it becomes final...

Fannie and Freddie, the linchpin of the nation’s MBS market, may never get out of conservatorship. Right? Actually, they might. A pending risk-based capital rule could play a role in the drama.

Industry insiders are speculating whether former FHFA Director Mark Calabria delayed the release of the 2020 stress tests results because they contradicted his proposed capital rule.

Ginnie Mae has issued nearly $2.1 billion of MBS backed by digital collateral this year.

Unpacking the transition from cash seller to guarantor. MCT experts and Freddie officials explore differences in pricing, servicing, and operations.

Commentators seem to agree that stronger capital positions are good for the Ginnie Mae business in general, but getting there is the hard part.

Late last month, inter-dealer brokers began using SOFR for dollar swaps, allowing ARRC to finally recommend use of Term SOFR. 

Despite various penalties for early prepayments, FHFA believes multifamily MBS issued by Fannie and Freddie present risk for the FHLBanks. Fannie thinks otherwise.

The end of the QM patch — thanks to a maneuver by the FHFA and Treasury — could help the non-agency market compete with the GSEs.

Fannie Mae is providing a monthly certification that its credit-risk sharing offerings comply with EU securitization requirements.