Democrat and Republican lawmakers want the Trump administration to preserve the statutory obligations of the Community Development Financial Institutions Fund.
The Commercial Real Estate Finance Council launched a tool this week to standardize performance reporting for commercial collateralized loan obligations.
Western Alliance Bank and Zions Bancorp disclosed write-offs linked to misrepresentations of collateral backing commercial mortgages. Similar troubles appear unlikely to occur with residential mortgages.
Total outstanding balance of single-family mortgages in Ginnie Mae mortgage-backed securities increased by 2.2% from the end of June to $2.65 trillion as of the end of September.
AGNC recovered earnings in the third quarter from a loss in the second. Moody's reported U.S. banks have grown lending to non-depository institutions sharply in the last decade. Bank of England governor warned that the collapse of two U.S. auto firms could be an early warning sign of weakness in private credit markets.
Some 10.90% of FHA loans in Ginnie Mae MBS pools were delinquent at the end of September, up 51 basis points from the end of June. The delinquency reading on the VA side rose 9 bps to 4.37%. (Includes data table.)