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Capital markets

Milliman buys Morvest in deal that deepens MSR expertise

Capital markets, M&A, Secondary markets, Servicing /

Milliman has acquired Morvest Capital, expanding the global consulting and actuarial firm’s reach in a specialized corner of the housing finance market. The company is adding a mortgage servicing rights analytics and risk-management provider through the transaction. Milliman did not disclose terms in its announcement. “This acquisition accelerates our growth in the mortgage sector and […]

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How Fannie, Freddie product mix could shift with a stock offering

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

Even as the regulator for Fannie Mae and Freddie Mac floats new product ideas, the enterprises’ overall footprint has stayed fairly steady. Still, some experts think more shifts could be ahead as they move closer to a public offering. As is the case with many aspects of their business, a balance will need to be

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How GSE changes in LLPAs, MBS could shift rates

How GSE changes in LLPAs, MBS could shift rates

Capital markets, Mortgage Rates, Politics and policy, Secondary markets /

Bill Pulte, the director of the oversight agency setting policy for the government-sponsored enterprises, has pressed Federal Reserve Chair Jerome Powell to do more to lower mortgage rates but the GSEs themselves also have a hand in loan pricing that reform could impact. A Fannie Mae study notes that while the 10-year treasury yield that

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NYSE executive Cassandra Seier dies in alleged bike accident

Capital markets, Goldman Sachs, Obituaries /

Cassandra Seier, head of International Capital Markets for the New York Stock Exchange, died over the weekend of November 22. “We are devastated by the news that our colleague Cassanda Seier passed away over the weekend,” an NYSE spokesperson told American Banker in a statement. The statement did not disclose the exact date or cause

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What Bill Ackman thinks should happen to the GSEs

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

Hedge fund manager, billionaire and legacy government-sponsored enterprise investor Bill Ackman is pushing his plan for Fannie Mae and Freddie Mac in response to officials’ call for input. Ackman, who previously has suggested that the GSEs be merged, backed off that concept in a live broadcast and subsequent Q&A in an X space Tuesday morning

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SFA hopes to bring back public RMBS from private issuers

SFA hopes to bring back public RMBS from private issuers

Capital markets, Regulation and compliance, RMBS, Secondary markets, Servicing /

The Structured Finance Association is joining Rep. Scott Fitzgerald, R-Wis., and others as support builds for the SEC to take another look at a rule that could reshape the mortgage securities market. The SEC has requested comment on the Reg AB II rule that’s generally shut private-label residential mortgage-backed securities issuers out of the public

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Finance of America reports 3Q loss, nine-month profit

Capital markets, Earnings, Mortgage technology, Originations, Reverse mortgages, Secondary markets, Technology /

Reverse mortgage company Finance of America’s continuing operations took a net loss on a one-time adjustment in the third quarter, but it was profitable on that basis for the year-to-date, unaudited interim results show. The company reported a $29 million in net loss from continuing operations during the third quarter due to home price model

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Reviving GSE MBS purchases would repeat the Fed’s mistake

Capital markets, MBS, Secondary markets /

Enjoy complimentary access to top ideas and insights — selected by our editors. A coalition of real estate and banking groups, including the Community Home Lenders of America, the Independent Community Bankers of America, and the National Association of Realtors, wants Fannie Mae and Freddie Mac to buy conventional mortgage-backed securities to help the mortgage

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How mortgage companies aim to aid borrowers amid shutdown

Capital markets, Originations, Servicing /

As thousands of borrowers potentially face job interruption resulting from the government shutdown that’s disrupted some loans, the housing finance industry is working to identify the right messaging and resources to keep payments and originations on track. With a Congressional Budget Office report pegging the number of jobs impacted at 750,000, mortgage businesses are offering

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Tech developments in the mortgage capital markets heat up

Artificial Intelligence, Capital markets, Industry News, Secondary markets, Technology /

Several developments involving companies active in the industry’s secondary and capital market emerged this week. AI-driven pricing data provider buys MBS specialist Solve, a provider of pre-trade data and predictive pricing that has long used artificial intelligence to aggregate and analyze information, announced Thursday that it has purchased a company with similar but deeper capabilities

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