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Capital markets

Trump’s $200B MBS plan set off by GSE valuation gap: Pulte

Capital markets, Politics and policy, Secondary markets, The Great American Mortgage Corporation /

Mortgage-backed securities purchases became the current focus of near-term plans for Fannie Mae and Freddie Mac due to lower-than-anticipated valuations for a planned stock offering, a housing official told Fox Business. Processing Content “Today some people say the businesses are worth up to $1 trillion. They’re worth $500 billion to $700 billion, we believe,” Federal […]

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Basel proposal helps banks, but changes little

Basel, Capital markets, Federal Reserve, Servicing /

Enjoy complimentary access to top ideas and insights — selected by our editors.Want unlimited access to top ideas and insights? Subscribe Now Federal Reserve Board Vice Chairman for Supervision Michelle Bowman gave a very significant statement about banks and the Basel III risk weights for residential loans and mortgage servicing rights to the American Banker

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White House reportedly set home investor size sought in ban

White House reportedly set home investor size sought in ban

Capital markets, Housing markets, Industry News, Politics and policy, Servicing /

Former US President Donald Trump speaks during a news conference following a meeting with Senate Republicans at the National Republican Senatorial Committee (NRSC) office in Washington, DC, US, on Thursday, June 13, 2024. Trump’s brand on Wall Street, once tarnished by the US Capitol attack and his bombastic political rhetoric, has made a near-full recovery,

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Wall Street is sizing up Warsh’s options to shrink Fed portfolio

Capital markets, Federal Reserve /

Federal Reserve Chair nominee Kevin Warsh has several paths toward reducing the central bank’s $6.6 trillion balance sheet but the process will be costly and lengthy, Wall Street strategists say.   Processing Content Warsh has called for dramatically paring the Fed’s massive financial footprint, rekindling the debate around the size of its portfolio which swelled

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Fannie Mae, Freddie Mac add new rate buydown disclosures

Fannie Mae, Freddie Mac add new rate buydown disclosures

Capital markets, Fannie Mae, Freddie Mac, GSEs, MBS, Secondary markets /

Fannie Mae and Freddie Mac will be providing new loan-level disclosures about interest-rate buydowns in mortgage-backed securities this spring to address investor interest in tracking their use, which can impact prepayments. Processing Content The new disclosures applicable at the government-sponsored enterprises that buy many lenders’ loans become effective April 20 for MBS issued on or

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Pennymac to buy Cenlar’s subservicing business

Pennymac to buy Cenlar’s subservicing business

Capital markets, M&A, Servicing /

Pennymac struck a deal to buy Cenlar Capital Corp.’s subservicing business in a move that will boost its portfolio above a key benchmark and increase the nonbank concentration in the space. Processing Content The acquirer’s financial services company will pay $172.5 million upfront for Cenlar’s portfolio and operations with a $85 million contingent consideration, according

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FHFA, Ginnie pledge tighter nonbank oversight

Capital markets, Politics and policy, Secondary markets /

The Government Accountability Office has issued new warnings about the public sector’s exposure to nonbank mortgage risks and said the Federal Housing Finance Agency and Ginnie Mae have agreed to do more to manage them. Processing Content The GAO indicated the nonbank share of the secondary mortgage markets that the FHFA oversees as conservator and

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GSE ‘IPO’ ready for 2.5-5% initial sale if Trump OKs: Pulte

Capital markets, Secondary markets, The Great American Mortgage Corporation /

Trump administration officials respectively said Wednesday that Fannie Mae and Freddie Mac are “definitely ready” for a stock offering within a certain range and a conservatorship exit is an eventual goal. Processing Content Federal Housing Finance Agency Director Bill Pulte told Fox Business News that the GSEs could stage a secondary sale of 2.5-5% equity

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What the Fed’s first look in 2026 means for mortgages

Capital markets, Economic indicators, Economic news, Mortgage Rates, Politics and policy /

The Federal Open Market Committee’s initial take on the economy in 2026 may temper NMN-surveyed mortgage professionals’ view that rates will fall fast and far enough to generate significant revenue gains this year. Processing Content Monetary policymakers weighed the balance of risks associated with a softer market vs. inflation in their widely anticipated decision to

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Banks see MSR strain despite strong top-line results

Capital markets, Earnings, MSR, Politics and policy, Secondary markets, Servicing /

Federal efforts to push rates lower have helped boost mortgage production, but they are also creating headwinds for servicing that are starting to show up in earnings. Processing Content US Bank generated record revenue overall, but in the details beneath that top-line item was a $11 million drop in the valuation for servicing rights, net

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