Thanks to increasing market demand and two expansions of their scorecard caps courtesy of the Federal Housing Finance Agency, Fannie Mae and Freddie Mac could do more than $100 billion in combined issuance of multifamily MBS by the end of 2016 – if they have a strong December, that is. According to Inside MBS & ABS figures, Fannie’s new multifamily MBS issuance in the first nine months of 2016 was up 18.4 percent from the same period last year. Josh Seiff, vice president of multifamily capital markets and trading at Fannie, was...
Nonbanks crossed a key threshold during 3Q16: Among the top 50 lenders, nonbanks accounted for 51.4 percent of 3Q originations – the first time these lenders grabbed more than half of the market…
An agreement by a Chinese international financial holding group to acquire Genworth Financial for approximately $2.7 billion, or $5.43 per share, would give China a foothold in the U.S. mortgage insurance market. Announced on Oct. 23 by Genworth, the sale follows the planned sale of market leader United Guaranty to Arch Capital Group, a global provider of mortgage insurance and reinsurance based in Bermuda. The entire Genworth family of companies, including the MI division, is...