The Federal Housing Finance Agency late this week issued a final rule aimed at improving liquidity of the to-be-announced MBS as well as the new uniform MBS, which makes its debut in early June.
If you’re wondering about the strength of the MBS and ABS markets these days, consider this: More than 8,000 people attended the SFIG Vegas conference this week, a record for the event, according to officials at the Structured Finance Industry Group.
FHFA’s Mary Ellen Taylor noted the project aims to increase liquidity in the to-be announced MBS market and is not an effort to combine Fannie and Freddie into one entity.
Verus first launched its acquisition program in 2015. As of the end of October, the company had purchased mortgages with an aggregate principal balance of $3 billion…
The parent company of HomeStreet Bank last week said it is looking to sell its standalone home loan centers and a majority of its mortgage servicing rights. Officials at the Seattle-based lender cited a number of factors for the divestiture, including reduced demand for refinances and regulatory issues specific to banks.