A paper from Andrew Davidson & Co. reportedly supports the notion that dropping the tri-merge credit report standard would result in greater risk to mortgage industry participants. Processing Content The paper was brought to media attention by the Consumer Data Industry Association. Others stand by their views that a single pull is sufficient to use […]
Dropping tri-merge reports hikes mortgage risk, paper claims Read More »
Mortgage rates ended the week just above 6%, the lowest point since September 2022, although one other indicator had the 30-year fixed under that level for a couple of days. Processing Content The 30-year fixed rate mortgage fell 8 basis points this week to 6.01% as of Feb. 19, the Freddie Mac Primary Mortgage Market
Mortgage rates settle above 6%, lowest in over three years Read More »
Federal Reserve discussions about relaxing Basel III capital treatment of mortgage servicing assets could make MSRs more attractive for banks, but early analysis points to limited near-term market impact. Processing Content Comments from Federal Reserve Vice Chair for Supervision Michelle Bowman on Monday indicated the Fed was discussing removing the requirement to deduct mortgage servicing
MSRs in focus as Fed rethinks Basel III rules Read More »
Fannie Mae and Freddie Mac will be providing new loan-level disclosures about interest-rate buydowns in mortgage-backed securities this spring to address investor interest in tracking their use, which can impact prepayments. Processing Content The new disclosures applicable at the government-sponsored enterprises that buy many lenders’ loans become effective April 20 for MBS issued on or
Fannie Mae, Freddie Mac add new rate buydown disclosures Read More »
The Government Accountability Office has issued new warnings about the public sector’s exposure to nonbank mortgage risks and said the Federal Housing Finance Agency and Ginnie Mae have agreed to do more to manage them. Processing Content The GAO indicated the nonbank share of the secondary mortgage markets that the FHFA oversees as conservator and
FHFA, Ginnie pledge tighter nonbank oversight Read More »
Fannie Mae’s net interest income from its core business rose during the fourth quarter, but its net earnings fell due largely to loan-loss provision adjustments and interest rate-related negative valuation changes. Processing Content The government-sponsored enterprise earned $3.5 billion and generated nearly $7.3 billion net interest income during the fourth quarter of 2025. In comparison,
Fannie Mae g-fee gains outweighed by loss provisions, valuations Read More »
Large construction companies and their lender partners could see imminent changes in Fannie Mae and Freddie Mac’s terms, according to Federal Housing Finance Agency Director Bill Pulte’s social media posts. Processing Content Pulte confirmed follow-through on plans to track the government-sponsored enterprises’ builder-related business in posts on X, noting that he has reviewed “pricing and terms,
FHFA’s Pulte plans pricing changes for builders, lenders Read More »
Taking advantage of falling interest rates, largely spurred by narrowing primary-secondary spreads resulting from a White House pronouncement, consumers stepped up rate lock activity, while lenders added products in January, separate reports noted. Processing Content On Jan. 8, Pres. Trump ordered Fannie Mae and Freddie Mac to purchase $200 billion of mortgage-backed securities. This came
Mortgage rate dip ignites refi boom in January Read More »
The government-sponsored enterprises’ move toward buying mortgage-backed securities to lower rates in the near term has raised questions about whether it diverts attention from broader reform efforts. Processing Content The answer appears to be that MBS buying could add to capital challenges at the margins, but ultimately it doesn’t do much to change the big
What Fannie Mae, Freddie Mac MBS purchases mean for reform Read More »
A group of eight Republican senators is again urging the Federal Emergency Management Agency to scrap Risk Rating 2.0, the flood insurance pricing overhaul implemented under the Biden administration. The request comes in a new letter led by Sen. Bill Cassidy of Louisiana, following a similar appeal he sent to FEMA last June. Processing Content
GOP senators push FEMA to scrap Risk Rating 2.0 Read More »