Led by financial services firm Cantor Fitzgerald who also served as initial purchaser of the bonds, the issuance is expected to help Knock deliver $900 million worth of additional originations of its bridge loan product. The deal closed on Aug. 14 and was 75% pre-funded, garnering strong demand from institutional investors operating in residential mortgage-backed […]
Knock hits profitability with $100M loan securitization Read More »
With three of Donald Trump’s adversaries now under investigation for occupancy fraud, the practice of misstating a home’s intended use on mortgage applications is drawing fresh scrutiny. We asked experts how widespread the problem really is and what the renewed attention could mean for the industry. The type of fraud a government-sponsored enterprise regulator is
As Trump, foes collide, occupancy fraud is spotlighted Read More »
The American Land Title Association has created two title insurance policy endorsements addressing the issue of seller-impersonation fraud. These endorsements will allow title insurers to cover any potential legal costs to correct public records if forged deeds or mortgages are recorded. The first, formally known as the ALTA 49 Endorsement, covers forgery in a new
ALTA adds seller impersonation coverage to its title policy Read More »
Housing regulator Bill Pulte has posted a video that sheds a little more light on the Great American Mortgage Corporation, an entity President Trump has hinted earlier could be headed toward a public offering this year. The video Pulte posted on X promotes President Trump’s housing role and alludes to his criticism of other policymakers’
Trump, Pulte spotlight ‘Great American Mortgage’ plan Read More »
Following the financial crisis, the conforming secondary market created new rules for delivering data, starting with the Uniform Mortgage Data Program and the Uniform Collateral Data Portal. The UCDP rolled out in June 2011, soon followed by the Uniform Appraisal Dataset. This fall, Fannie Mae and Freddie Mac will begin testing the next big change:
UAD 3.6: How the mortgage industry should prepare Read More »
Fannie Mae’s August mortgage origination forecast predicts lower volume in 2025 and 2026 compared with July as the government-sponsored enterprise moved its rate expectations higher. It now expects total home sales to decline year-over-year. Fannie Mae is still looking for existing home sales to rise, but not by as much previously expected. The drop off
Fannie Mae cuts outlook for 2025–26 home sales Read More »
Fannie Mae and Freddie Mac look like they would hold up better in a severe downturn today than their collective stress tests indicated in 2024. The tests modeled how they’d fare after absorbing losses like a total $36.1 billion provision in net chargeoffs plus foreclosed property expenses. That shows the credit losses they’d be likely
Fannie, Freddie’s stress test losses ease from 2024 Read More »
Hedge fund billionaire Bill Ackman is fueling more speculation about President Trump’s suggested Fannie Mae-Freddie Mac merger this fall, but experts debate the near-term benefits. The Pershing Square Capital Management CEO linked the concept to President Trump’s Truth Social post depicting a public offering for a single entity, citing the potential for a government-sponsored enterprise
Experts weigh Fannie-Freddie merger prospects Read More »
Fannie Mae recently updated its servicing guidelines to include new instructions for handling temporary interest-rate buydowns, which have become more popular as a way to attract borrowers. The new guidelines provide clarity for servicers on how to manage these loans. The new rules, which Fannie has asked servicers to adopt immediately, become mandatory Nov. 1.
Fannie Mae adds new temporary buydown rules for servicers Read More »
Tailwinds behind the non-qualified mortgage segment are leading to growing secondary market volumes, while loan pools are on par with recent performance levels, according to a new Morningstar DBRS report. Second-quarter non-QM volumes exceeded last year’s number, totaling over $9.8 billion of typical securitizations, the ratings agency said in a new report. On a year-over-year
Favorable tailwinds drive growth in non-QM securities Read More »