State tax exemptions on municipal bonds encourage banks to load up on the asset. But to offset their exposure to the local real estate market, banks loosen credit to increase their out-of-state mortgage originations.

The settlement commits Nomura to full cooperation with federal investigators in “prosecutions arising out of or related to” the case.

While securitizations are often the best execution for Ginnie Mae loans, small and mid-sized GSE lenders will typically prefer the cash window.

The New York-based financial firm admitted to providing false pricing information to residential MBS clients between 2009 and 2013. It also agreed to cooperate with investigations into former employees.

According to Urban Institute, mortgage insurance payouts mean GSE losses on loans with LTVs over 80% are comparable to those on loans with LTVs below 80%.

Income generated by the 11 FHLBanks increased by more than 20% on a quarterly basis in the second quarter while FHLBank advances outstanding declined.

The April-June period marked the second consecutive quarter in which Fannie Mae's CRT issuance exceeded Freddie Mac's, an unprecedented period of CRT dominance for Fannie.

Researchers found that the difference between the interest rates charged to Black borrowers and white borrowers narrowed significantly following BLM protests.

In their commentary, NAR and UI focused much of their attention on the stiff capital requirements...

The shifting market for FHLB advances has reshuffled the list of the largest FHLBank borrowers. (Includes three data charts.)