Fannie Mae and Freddie Mac continued to report declining balances in their retained mortgage portfolios during the second quarter – with a few wrinkles. [Includes one chart.]
The latest non-agency mortgage-backed security from JPMorgan Chase will include a higher share of conforming mortgages than the previous issuance from the firm. Chase is preparing to issue a $999.0 million MBS, according to presale reports from DBRS, Fitch Ratings and Moody’s Investors Service. Mortgages eligible for sale to the government-sponsored enterprises account for 65.1 percent of the collateral, amounting to $650.3 million. GSE-eligible mortgages ...
The Federal Housing Finance Agency this week stopped Fannie Mae and Freddie Mac from financing corporate landlords that buy single-family rental properties – sometimes in bulk – declaring that SFR operators do not need the “liquidity provided by the enterprises.”
Both government-sponsored enterprises are comfortably within the maximum $250.0 billion mortgage portfolios they are permitted to have under the terms of their conservatorship.
Freddie Mac Tuesday afternoon announced an approximate $1.45 billion Seasoned Loans Structured Transaction of a pool of seasoned reperforming loans, the largest SLST deal of this year...
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