securitization

Departing Ginnie Mae head Bright to run securitization trade group

01/10/19

Michael Bright is resigning as acting president of Ginnie Mae to run the Structured Finance Industry Group, a trade association that's been without a CEO since Richard Johns resigned in July amid a reported split with the group's board.

[more]

FHFA takes another big step toward single security for GSEs

09/12/18

The Federal Housing Finance Agency issued a proposal Wednesday that would require mortgage giants Fannie Mae and Freddie Mac to align their policies on cash flows for current mortgage-backed securities, and eventually for a uniform security when it is implemented next year.

[more]

How Ginnie Mae could break stalemate on GSE reform

09/11/18

Housing finance reform is still likely years away, but a growing chorus of lawmakers say the government guarantor has the ability to clear the path to a final plan.

[more]

Race to the bottom? Nonbanks ease standards to compete for 'super' jumbos

08/21/18

New investor appetite for mortgages over $1 million is motivating more nonbank lenders to offer super jumbo loans, often with weaker credit terms than traditional banks.

[more]

Fannie reclassifies certain assets, sees big earnings boost

08/02/18

Fannie Mae’s treatment of a reperforming loan package helped drive up earnings by almost 41% to $4.5 billion, delivering a stronger dividend to Treasury ahead of a leadership change.

[more]

How private-label investors are beating the GSEs at their own game

07/03/18

Fannie Mae and Freddie Mac enjoy considerable advantages because of their lower cost of capital and significant government subsidies. But with some conforming loans, the private market is finding a way to compete.

[more]

Ginnie Mae venture with Chicago FHLB crosses mortgage milestone

03/14/18

A mortgage program created by a 2015 partnership between the Federal Home Loan Bank of Chicago and Ginnie Mae has securitized over $1 billion in government-backed mortgages, the partnership announced.

[more]

Marketplace lenders develop new wrinkles to attract more funding

03/01/18

LendingClub, Marlette and others are looking at additional changes to both their securitization and whole-loan-sale programs that could further broaden their investor bases.

[more]

As 10 year Treasury yields spike, local mortgage rates will matter more

02/20/18

As inflation fears put upward pressure on 10-year Treasury bonds and mortgage rates nationally, borrowers could start to take more notice of what lenders are charging them locally.

[more]

UBS ordered to pay $903,000 for firing mortgage market analyst

12/22/17

Former top commercial mortgage-backed securities strategist Trevor Murray accused the Swiss lender of illegally firing him in 2012 for blowing the whistle on attempts by traders to influence his research reports.

[more]