“Agency MBS prepayment speeds slowed in September, but they still hover near the multi-year highs reached last month,” according to a report from Keefe, Bruyette & Woods.
CBO’s comments were contained in a report that takes a “what if” approach to allowing Fannie and Freddie to retain as much as $5 billion of capital a year for 10 years...
Jumbo lending has a much more retail focus: the vast majority of loans are originated for portfolio or, in the case of non-depositories, sale to a bank or other portfolio investor.
Freddie Mac has begun pilot testing its new Dealer Direct system for swapping legacy participation certificates for new single securities with a select group of dealers, the government-sponsored enterprise said in an update issued this week. In transitioning to the single security, Freddie will give all investors in its existing MBS that have a 45-day payment cycle the option to exchange them for the new 55-day securities. That process will be transacted through the Dealer Direct electronic platform. Holders of legacy MBS will work...
Trade groups representing a broad spectrum of mortgage and securitization businesses generally support an effort by Fannie Mae and Freddie Mac to develop more credit-risk transfer options, but some cautioned that the government-sponsored enterprises should maintain a level playing field. In response to a Federal Housing Finance Agency request for comments on the CRT program, the Mortgage Bankers Association and U.S. Mortgage Insurers repeated their calls for programs to allow loan sellers to buy deeper private MI in exchange for reduced GSE guaranty fees. To date, the vast majority of Fannie and Freddie CRT deals have been...
RSS