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Secondary markets

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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Risk management gaps that expose mortgage lenders

Cyber security, Risk management, Secondary markets /

Mortgage lenders operate in an environment defined by regulatory scrutiny, cybersecurity threats, and capital pressure. Yet many institutions still underestimate the risk management gaps that expose mortgage lenders to enforcement actions, litigation, and reputational harm. These gaps rarely stem from a single failure. Processing Content Instead, they emerge from overlooked controls, fragmented oversight, and outdated

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FHFA loosens insurance rules targeting condos, rural loans

Condos and HOAs, FHFA, Homeowners insurance, Mortgages, Secondary markets, Servicing /

The Federal Housing Finance Agency and the government-sponsored enterprises have opened up some new insurance options for borrowers, departing from a strict coverage mandate for single-family homes. Processing Content Fannie Mae, Freddie Mac and the agency also known as US Federal Housing, partially relented on “replacement cost only” rules. Roofs no longer need to be

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FHFA plan renews its effort to grow counterparty oversight

FHFA, Politics and policy, Secondary markets, U.S. Fintech /

The Federal Housing Finance Agency’s latest performance review plan emphasizes interest in having more power to review Fannie Mae and Freddie Mac’s business partners. Processing Content “Currently, US Federal Housing does not have statutory authority to oversee third-party service providers. These third-party relationships can potentially pose risks,” the agency — which Director Bill Pulte alternately

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Major GSE investor echoes Ackman’s call for Fannie, Freddie uplisting

Capital markets, Politics and policy, Secondary markets /

Oksenholt Capital Management, an investor in Fannie Mae and Freddie Mac’s stock, is echoing earlier calls by billionaire Bill Ackman for the government-sponsored enterprises’ shares to be moved back to a major exchange. Processing Content “In my view, the time has come for Fannie Mae and Freddie Mac to return to a major public exchange

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Trump building order targets supply-side constraints

Homebuilders, Originations, Politics and policy, Secondary markets /

A new federal executive order from President Trump related to “removing regulatory barriers to home construction” aims to increase affordable inventory through broad deregulation. Processing Content The Federal Housing Finance Agency and the Department of Housing and Urban Development are among several public entities the order directs to take a series of steps to that

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Fannie, Freddie share sale likely after midterms or later

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

Movement on plans for an offering of shares from government-sponsored enterprises Fannie Mae and Freddie Mac is likely to be tabled until after the midterm elections, according to a Wedbush report. Processing Content “The only discussion we are expecting from the administration regarding these two until after the midterms, if at all, is around the

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Second liens appear on 16% of U.S. mortgages

Home equity loans, LOAN PRODUCTS, Secondary markets, Servicing /

The share of primary mortgages on properties that also have second liens is currently in the double digits, reflecting growth in home equity lending that’s increasingly relevant to agency mortgage-backed securities investors. Processing Content Approximately 16% of active first liens are on homes that also have seconds on them, representing a total outstanding balance of

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Radian shuts mortgage conduit instead of selling

M&A, PMI, Secondary markets, Securitization /

Radian Group will be shutting its mortgage conduit rather than trying to find a buyer for the business, the company confirmed. Processing Content The story originally appeared in HousingWire. “Radian ceased accepting new business for Radian Mortgage Capital early last week and is in the process of thoughtfully winding down the business over the coming

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