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.
Mortgage industry groups largely support a proposal by the Federal Deposit Insurance Corp. that would ease disclosure requirements for privately-placed non-agency residential MBS.
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