Apply Online
Schedule a Call

Secondary markets

Mortgage bonds largely unscathed after Moody’s downgrade of US

Capital markets, MBS, Secondary markets /

�����Y#1��$8ָh����6 �nH�7sU�:X���P�fSʗ7��IF������*^���G��u���[0�[��%㫤���������7���4�!P��}����ҮĄ?��5˺^6�L�1�C+ �W�V�� �7���t=SUEP�Q�M;S�4�����c�UQ�TZ?�]CI$��al��Z�E�(���n��si���v��k�����+��|Ӧ�eZ�d�c���f��nA���Nת))�C,Bb8/����_d��֢�I�1�+6�G{��Y�E�dg3�.Z�G��(����;s��L��a�8’�z�>�M1�;�����,��X�8����C_

Read More »

FHFA’s Pulte defers to a higher authority on conservatorship

FHFA, Fraud, Politics and policy, Risk management, Secondary markets /

Bill Pulte, director of what has been known as the Federal Housing Finance Agency, shed light on certain plans he has for the government-sponsored enterprises during an appearance at an industry event on Monday, but deferred to President Trump on a conservatorship exit. Pulte told attendees at the Mortgage Bankers Association’s secondary market conference in

FHFA’s Pulte defers to a higher authority on conservatorship Read More »

What Ginnie Mae’s newest executive is planning for mortgages

Ginnie Mae, Mortgage technology, Politics and policy, Secondary markets /

Ginnie Mae’s operations chief told the industry Monday he is pursuing data improvements and revisiting several industry suggestions for innovations that could improve operations. When asked about concepts the Mortgage Bankers Association has recommended exploring such as creating a securitization vehicle for early buyout loans, Chief Operating Officer Joseph Gormley said Ginnie is “taking a

What Ginnie Mae’s newest executive is planning for mortgages Read More »

Lenders feel better, not exuberant, about housing market

Economy, LOAN PRODUCTS, Mortgage Rates, Originations, Secondary markets /

The Mortgage Bankers Association’s latest forecast for 2025­ expects volume to be slightly lower than previously thought, with a 14% increase in the number of units produced.  Mike Fratantoni, the group’s chief economist speaking at its Secondary & Capital Markets Conference in New York on Monday, recounted discussions he had in recent days with people

Lenders feel better, not exuberant, about housing market Read More »

Investors await another Monday jolt after Moody’s downgrades US

Capital markets, Economic news, Mortgage Rates, Secondary markets /

Investors face yet another bumpy start to the trading week, although it’s mounting concern over US debt rather than tariffs likely generating the volatility this time. Financial markets reopen in Asia on Monday after Moody’s Ratings announced Friday evening it was stripping the US government of its top credit rating, dropping the country to Aa1

Investors await another Monday jolt after Moody’s downgrades US Read More »

US states likely to defy US downgrade to keep top credit ratings

Capital markets, Economic news, Secondary markets /

US states from Florida to North Carolina and Texas would likely hold onto top-notch credit scores from Moody’s Ratings, mostly because they’re in better fiscal shape than the federal government itself.  More than a dozen states have pristine triple-A ratings from Moody’s, according to Bloomberg-compiled data, ranking them higher than the US government, which was stripped of

US states likely to defy US downgrade to keep top credit ratings Read More »

Rocktop buys Incenter Capital, expecting robust MSR market

M&A, MSR, Secondary markets, Servicing /

Rocktop Technologies’ purchase of Incenter Capital Advisors is both complementary to its current capabilities as well as a way for the company to differentiate itself. Terms of the deal, which was completed on May 15, were not disclosed. For now, Incenter Capital Advisors will retain its current branding. “We are very tech heavy, tech enabled,

Rocktop buys Incenter Capital, expecting robust MSR market Read More »

Pulte wants Freddie AU savings passed on to consumers

Automation, Mortgage technology, Originations, Secondary markets /

Freddie Mac wants lenders to pass on the cost savings to consumers from its latest enhancements to its Loan Product Advisor automated underwriting system. The company greenlighted what was described as an on-hold innovation to the system. The upgrades include the launch of a new feature, Freddie Mac Income Calculator. It is designed to help

Pulte wants Freddie AU savings passed on to consumers Read More »

Servicers: Fannie Mae replatforming some workout functions

Distressed, Mortgage technology, Secondary markets, Servicing /

Fannie Mae has announced plans to discontinue use of a platform used to handle certain distressed mortgage processes and is directing mortgage professionals using it to take certain steps in response. Servicers must leave the HomeSaver Solutions Network, which is utilized for loan workout reporting functions, and transition to a broader platform Fannie provides to

Servicers: Fannie Mae replatforming some workout functions Read More »

TCB appeals ruling for Ginnie Mae in lawsuit over collateral

Lawsuits, Secondary markets /

Texas Capital Bank followed through with its planned appeal of a federal district court ruling in a lawsuit with Ginnie Mae over Home Equity Conversion Mortgage assets, according to a new filing. TCB filed a brief notice this week that it has moved the fight against the government corporation to the 5th U.S. Circuit Court

TCB appeals ruling for Ginnie Mae in lawsuit over collateral Read More »