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Secondary markets

Fannie Mae, Freddie Mac shares rebound on Ackman statement

Fannie Mae, Freddie Mac shares rebound on Ackman statement

Capital markets, Secondary markets /

Bill Ackman, chief executive officer of Pershing Square Capital ManagementJeenah Moon/Bloomberg Government-sponsored enterprise stocks staged a recovery in the wake of a social media post from an influential figure on Wall Street who holds shares. Processing Content Billionaire and legacy GSE investor Bill Ackman’s X post on Sunday indicating the stocks were “stupidly cheap” gave […]

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Ginnie Mae gives issuers a break, adds new prepayment data

Ginnie Mae, Mortgages, Secondary markets, Servicing /

Government mortgage-backed securities guarantor Ginnie Mae is providing some deadline relief to issuers who may be rushing to file annual audited financial statements this week. Processing Content Ginnie has announced that it’s removing the 15-day advance notice requirements for extension requests on the statements, which are due March 31 for most issuers. The financial statements

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Fannie, Freddie portfolios surge to multiyear high

Capital markets, Secondary markets /

Fannie Mae and Freddie Mac’s total retained portfolios hit a new multiyear high last month, and March’s numbers could be even higher amid reports they may have stepped up MBS buying to counter market disruption. Processing Content Fannie held $150 billion in its portfolio in February, including nearly $77 billion of its own MBS, $63

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Freddie Mac’s former chief charts path to GSE capital reform

Freddie Mac’s former chief charts path to GSE capital reform

Capital markets, Secondary markets /

The government-sponsored enterprises appear increasingly likely to face a lengthy capital reform process, but the former CEO of Freddie Mac said he sees a faster way forward.  Processing Content “Although developing such a simplified and reformed capital rule is often seen as a challenging and time-consuming regulatory task, it might well be relatively straightforward,” Donald

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Better, Coinbase allow tokens to support conforming loan

Better, Coinbase allow tokens to support conforming loan

Cryptocurrency, Originations, Secondary markets, Servicing, Underwriting /

Better Home & Finance, the parent company of Better.com, is partnering with Coinbase to launch token-backed down payments for conforming mortgages. Processing Content Americans who qualify for a mortgage with Better will be able to use Bitcoin or USD Coin as collateral to fund their down payment through a private loan, the company announced in

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AEI panel: GSEs have never paid for their guarantee

Capital markets, Mortgages, Politics and policy, Secondary markets /

The Trump administration has promised to keep Fannie Mae and Freddie Mac’s implicit government guarantee in any immediate plans for them, but not everyone agrees it should be taken for granted. Processing Content A panel of government-sponsored enterprise reform veterans who saw Fannie and Freddie go into conservatorship back in 2008 reminded attendees of this

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Condo lenders push back on Fannie, Freddie rule changes

Condos and HOAs, Mortgages, Politics and policy, Secondary markets /

The mortgage industry has generally supported Fannie Mae and Freddie Mac’s more flexible roof insurance requirements for all single-family mortgages, but some condo market stakeholders have questioned certain other changes announced alongside it. Processing Content First flagged by a community lenders group shortly after the insurance rule-change came out, there have been a growing number

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How to simplify and improve the lending reports process

Secondary markets /

Lending reports provide detailed insights into loan performance, borrower behavior, and overall portfolio health. They include metrics such as delinquency rates, credit utilization, and repayment trends. Each piece of data must be accurate to build investor confidence and support strategic decisions. Processing Content A streamlined reporting method transforms complex loan data into clear, actionable insights.

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Fannie, Freddie place large bids for mortgage-backed securities

Fannie Mae, Freddie Mac, MBS, Secondary markets /

Fannie Mae and Freddie Mac have begun placing sizable orders to purchase mortgage-backed securities, stepping into a market roiled by widening bond spreads and a surge in volatility, according to a person with direct knowledge of the matter. Processing Content The government-controlled entities are moving to capitalize on a sharp selloff while expanding their already

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State Street, Voya pivot to mortgage-backed bonds

MBS, Secondary markets /

As rising energy prices and growing inflation fears make corporate bonds look increasingly risky, big money managers including State Street and Voya Investment Management have been looking at buying mortgage bonds and other securitized debt instead. Processing Content Mortgage bonds often perform better than US high-grade corporate debt in “risk off” markets where investors are

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