The Biden administration and Congress need to address some major risks to the housing-finance system, according to the Government Accountability Office. The administration is still developing plans and there’s little urgency in Congress.

The issuers largely sourced loans for the MBS from affiliated lending units.

Some 300 companies are now members of MISMO. The organization’s efforts to improve mortgage data are being helped by a new fee.

The connection between work from home and productivity; Supreme Court blocks vaccine mandate for larger employers; Figure revises bank charter application; parent of Texas Capital Bank launches broker dealer.

New Residential Investment started acquiring single-family rental properties in 2019, and now has enough holdings to complete its first securitization in the sector.

ABS issuers and investors are considering whether to use SOFR or Treasury rates as a pricing benchmark following the end of LIBOR reporting.

Fannie priced a credit-risk transfer deal linked to single-family mortgages; the SEC won’t take an enforcement action against Two Harbors; performance of consumer ABS backed by loans originated by marketplace lenders expected to decline.

Servicers aren’t rushing to complete foreclosures as borrowers reach the end of their forbearance plans. The CFPB has a close eye on mortgage shops, prompting caution among industry participants.

loanDepot’s founder is busy buying luxury homes these days. In a few weeks we’ll know how well the company did in the fourth quarter. Meanwhile, non-agency MBS production remains brisk.

Three prime non-agency MBS hit the market Tuesday, making eight deals offered thus far in 2022.