The RFI seeks public input on all policies that might affect UMBS fungibility and the viability of the TBA market. The action appears to be an effort by the agency to ensure the enterprises maintain appropriate oversight of UMBS prepayment speeds and alignment.
Genworth’s sale to China Oceanwide Holdings is still pending. The deal was struck back in 2016. So what’s the hold up? The short answer: Selling anything to China is complicated these days...
The majority of expanded-credit MBS this year has been filled with Alt A loans that tend to have higher credit scores and are underwritten with alternative documentation.
“To foster competition that serves consumers, the new strategic plan and scorecard aim to provide a level playing field for all market participants such that success depends on running a better business rather than special regulatory and statutory advantages,” the FHFA states.
If banks meet the safe harbor requirements, the FDIC won’t reclaim assets from a non-agency MBS if a bank is subsequently placed in conservatorship or receivership.
The Freddie Mac single-family servicing market grew roughly three times as fast as the Fannie Mae market during the third quarter, according to a new Inside the GSEs analysis.
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