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Home » Topics » IMFnews » Secondary/MBS

Secondary/MBS
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Short Takes: NAMB Frustrated by FHFA Move on SPCPs / Some Momentum for Spring Homebuying / Delinquencies Expected to Rise / S&P Expects One Rate Cut

March 27, 2025
Brandon Ivey
“These programs have served as critical tools in expanding access to affordable homeownership, particularly for first-time and low- to moderate-income homebuyers,” NAMB said of special purpose credit programs at the GSEs.
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Short Takes: FHFA Policy Announcements Via X / New Home Sales Increase / New Non-QM Lender

March 26, 2025
Brandon Ivey
FHFA Director Bill Pulte is posting pictures of printed memos on X to announce FHFA policy changes.
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Fitch Cautious on Ratings for Home Equity Securitizations

March 25, 2025
Brandon Ivey
Fitch has avoided rating home equity investment securitizations as well as deals stocked with loans underwritten with less-than-full documentation.
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Former Freddie CEO Sees Benefits in Ending GSE Conservatorship

March 25, 2025
Dennis Hollier
David Brickman, the CEO of Freddie Mac from 2019 to 2021, argued that 16 years of conservatorship have increased inefficiencies at the GSEs.
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Short Takes: Home Price Appreciation Slows / Expanded-Credit MBS Issuance / BSI Subservicing HELOCs / CoreLogic Now Cotality

March 25, 2025
Brandon Ivey
Home prices increased by 0.2% on a monthly basis in January, according to FHFA.
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A Trade War Involving Agency MBS?

March 24, 2025
Paul Muolo
Not to be forgotten, Canada holds $156.0 billion of agency product.
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FHFA Removes Reid as Freddie’s CEO

March 21, 2025
Dennis Hollier
Freddie President Michael Hutchins will step in as interim CEO.
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Ginnie Loans Push Servicing Volume Up in 2024

March 21, 2025
Brandon Ivey
The volume of single-family mortgage servicing tied to Ginnie Mae rose 7.3% on an annual basis to $2.541 trillion as of the end of 2024.
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Bessent Considers Including GSEs in a U.S. Sovereign Wealth Fund

March 21, 2025
Dennis Hollier
Some SWFs in other countries have extensive ownership interests in major corporations and sweep much of their profits into state coffers.
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Short Takes: Mixed Trends in Home Sales / Chief Housing Economist at White House / CEO of AGNC Takes on CIO Duties / Capital Raise for HEI Token Effort

March 21, 2025
Brandon Ivey
Lawrence Yun, chief economist at NAR, said “the momentum for home sales is flashing encouraging signs.”
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