Capital markets

Trump issues order restricting large single-family investors

President Trump has issued an executive order aimed at stopping federal agencies from taking any actions to facilitate an institutional player’s acquisition of any single-family house an individual owner-occupant could purchase. Processing Content The follow up to earlier social media posts about the idea includes plans for a legislation recommendation and affects homes involved in […]

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Non-QM goes mainstream as issuance hits new highs

Non-QM goes mainstream as issuance hits new highs

Lender demand for non-QM and home equity securitizations is carrying into 2026, following a record year and fresh rankings of leading issuers.   Processing Content Non-QM securitization is on track to fuel an overall 25% increase in non-agency issuance this year, according to Standard & Poor’s North American structured finance outlook. “The market still is

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Ginnie Mae adds pooling flexibilities as 2026 gets underway

Ginnie Mae adds pooling flexibilities as 2026 gets underway

Government securitization guarantor Ginnie Mae is providing mortgage companies with more options for pooling loans as it starts 2026 with a newly confirmed president. Processing Content Electronic promissory notes, which Ginnie made eligible for commingling with traditional collateral back in 2024, can now be included in Pools Issued for Immediate Transfer starting Feb. 1. PIIT

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Traders show no Venezuela angst but events foreshadow 2026 risks

Wall Street bulls need a lot to go right if 2026 is going to deliver a fourth straight year of double-digit returns. Trade tensions between the US and its neighbors remain high. The US economy is showing signs of sluggishness, interest rates are elevated even after three cuts and the artificial intelligence trade is far

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Mortgage spreads are narrowing, but for which reason?

The spread between the 10-year Treasury yields and 30-year fixed mortgage rates tightened at the end of 2025, largely driven by Fannie Mae and Freddie Mac increasing their holdings of mortgage-backed securities, a Keefe, Bruyette & Woods report claimed. Processing Content But a bigger picture issue overhanging the increase in portfolio size is should the

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Some paths to recap and release longer than others: Wedbush

The will to explore a new move that will put the government-sponsored enterprises on a path to be recapitalized and released from conservatorship exists; the question now is how, when and if. Processing Content All that could depend on whether the Trump administration is willing to make investor concessions and offer new shares, according to

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Treasuries gain most since 2020 amid tariff chaos, Fed rate cuts

The Treasury market in 2025 had its best year since 2020 as US trade policy shifts curtailed economic activity and the Federal Reserve cut interest rates in response to weakening labor-market conditions. Processing Content At the same time, Treasury yields remained confined to ranges in place roughly since the end of the Fed’s historic 2022-2023

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Freddie Mac ending exchange offer used to create UMBS

Freddie Mac has announced that it is closing the book on a temporary exchange offer used to make uniform trades of to-be-announced mortgage-backed securities possible several years ago. Processing Content The decision follows the reduction in the size of the market for older bonds that predated the arrival of UMBS in 2019. Around $1.5 trillion

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Wall Street gets relief rally after CPI surprise

Data showing US inflation cooled at a startling clip last month ignited stock and bond markets, bolstering bulls with prospects for more decisive Federal Reserve rate cuts in 2026. Bitcoin rallied. Processing Content Despite numerous caveats surrounding another high-profile report impacted by the government shutdown, traders welcomed the slowest increase in consumer prices since early

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Bessent: Fannie, Freddie offering hinges on MBS spreads

A government-sponsored enterprise stock offering appears to still be in the works with care being taken not to adversely influence mortgage-backed securities trading as momentum builds to use their portfolios to that end. Processing Content “It’s not off the table. We’re working on it very deliberately,” Treasury Secretary Scott Bessent told Fox Business News’ Maria

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