Money managers including Columbia Threadneedle are looking closely at US mortgage backed securities as a place to hide from high valuations in US corporate bonds and a wave of tech bond sales that could weigh on returns. Overall US investment-grade issuance will probably top $800 billion in 2026, stripping out refinancings, a net increase […]
AI bond deluge pushes some investors to seek shelter in MBS Read More »
The transition toward updated credit score models at Fannie Mae and Freddie Mac, while less dramatic than a new stock offering, is a fundamental shift with widespread industry implications. These newer models, VantageScore and FICO 10T, are designed to replace the classic FICO tri-merge report currently central to many mortgage systems. Given that classic FICO
GSE credit reform: Rent data impact on pricing and LLPAs Read More »
Multiple proposals have been in play for government-sponsored enterprises Fannie Mae and Freddie Mac, including some scenarios that could affect the status of their shares. The question for the industry now is how the various possible directions Fannie Mae and Freddie Mac could take will affect the many mortgage-related businesses that work with them. This
What Fannie, Freddie uplisting would change for the GSEs Read More »
While gain on sale margins for mortgage lenders were at least stable, if not improved, in the third quarter compared to prior periods, that did not necessarily translate to improved profitability, separate reports from Morningstar DBRS and Boston Consulting Group revealed. The Morningstar report looked only at independent mortgage bankers, and the group it pulled
IMBs gain on sale is up, profitability isn’t Read More »
U.S. Federal Housing is boosting the conforming loan limits by 3.26% for 2026 based on the annual change in home prices using an expanded data set. The new limit of $832,750, is an increase of $26,250 from the 2025 limit of $806,500. The high-cost ceiling for one-unit properties will be $1,249,125, which is 150% of
U.S. Federal Housing raises 2026 conforming limits over 3% Read More »
U.S. Federal Housing is increasing the multifamily caps at Fannie Mae and Freddie Mac for 2026 by over 20% compared to this year, a level which keeps pace with volume growth in recent months, observers said. The combined cap of $176 billion is split evenly between the two companies at $88 billion. This year’s cap
FHFA boosts Fannie, Freddie multifamily caps over 20% in ’26 Read More »
Fannie Mae’s economic division has released its first origination forecast for two years from now and it projects a rebound to levels that haven’t been seen since the 2021 by then, but at a gradual pace. Following projected increases of almost 11% this year and nearly 25% next year, originations could rise another 6.5% by
Fannie Mae sees volume near $2.5T by 2027 Read More »
The mortgage industry is up in arms about price increases for credit score pulls. “By now, half the mortgage industry has seen the proposed increases for accessing consumer credit,” a LinkedIn post from NFM Lending Managing Director Greg Sher said. “It’s anywhere from 40-100% – this is on the heels of 700% increases over the
MBA objects to credit report price hike, wants single pull Read More »
New securitizations of loans made outside the qualified mortgage definition set multiple records in the third quarter, according to a recent Morningstar DBRS report. The study, which analyzes data from CreditFlow, shows issuance of non-QM residential mortgage-backed securities climbed to $20.9 billion in the third quarter from $10.6 billion during the same period a year
Non QM securitization broke records in 3Q: Morningstar Read More »
Onity’s PHH Mortgage Corp. subsidiary is repositioning its reverse mortgage business, selling its loan pipeline and multibillion-dollar servicing rights portfolio in that part of the market to Finance of America while staying involved as a subservicer and niche securitizer. PHH said it is working to accommodate a smooth transition for its reverse mortgage originators when
FOA buys Onity’s reverse MSRs in strategic shift Read More »