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Capital markets

Pulte pushes Fannie, Freddie to count crypto assets

Capital markets, Cryptocurrency, Fannie Mae, Freddie Mac, Secondary markets /

Housing regulator Bill Pulte has instructed the two government-sponsored enterprises he oversees, Fannie Mae and Freddie Mac, to move toward recognizing crypto holdings without requiring conversion when assessing borrowers’ ability to repay, a move that could help bring digital currency further into the mainstream. He formally authorized this Wednesday and directed the GSEs to plan […]

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JPMorgan re-packages bonds tied to apartment loans into new debt in rare move

Capital markets, Freddie Mac /

JPMorgan Chase & Co. has bundled the riskiest portions of over a dozen Freddie Mac mortgage bonds tied to small balance apartment loans in what appears to be the first time this sort of debt has been securitized not once but twice. Known as a resecuritization, the deal pools together 18 bonds created by Freddie

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Mortgage pros share tips for riding out volatility

Capital markets, Mortgage Rates, Originations, Politics and policy, Regulation and compliance, Risk management /

Short-term market swings are nothing new but the kind of volatility mortgage lenders are dealing with today is driven less by predictable economic indicators and more by geopolitical tensions, trade policy shifts, and global headlines. While volatility has ticked up, it’s not at historic extremes. The CBOE Volatility Index, which measures stress in financial markets,

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Guild, Bayview talks result in deal valued at $1.3 billion

Capital markets, Industry News, M&A, Originations, Servicing /

The outcome of previously-reported talks between Guild Mortgage and Bayview, a quiet servicing giant and asset manager, is a finalized acquisition valued at $1.3 billion that will transform the lender. In line with previous talks, a Bayview fund will buy outstanding shares of Guild it didn’t already own. The publicly-traded lender plans to go private

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How the secondary market is shaping home equity strategies

Capital markets, Home equity loans, Secondary markets /

Nondepository origination of home equity products has been growing as traditional mortgage opportunities have waned, leading to increased reliance on secondary market buyers whose interest may vary over time. And while investors’ collective involvement has generally kept pace with increased production as lenders have originated more second liens, volatility in broader markets has led to

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How Loandepot managed some MSR financing maturing this year

Capital markets, MSR, Secondary markets, Servicing /

Loandepot announced a new source of funding collateralized by certain cashflows from mortgage servicing rights that will allow it to redeem other similar financing due this October. The private offering of term notes secured by MSRs has an aggregate principal balance of $200 million and is somewhat similar to other financing vehicles other large nonbanks

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NYMT seeks leeway on debt-to-equity ratio to fuel investment

Capital markets, Risk management, RMBS, Secondary markets /

New York Mortgage Trust is staging a consent solicitation to support its latest move into what it considers the right mix and amount of less credit-sensitive assets and higher yielding ones. The company is asking for certain bond investors’ permission to exceed a maximum 8-to-1 debt-to-equity ratio it’s contractually obligated to ensure it meets on

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Citi invests in business purpose lender Vontive

Capital markets, Investments, Mortgage technology, Secondary markets, Securitization /

Vontive, which is a fintech specializing in business purpose mortgages, has received an investment from Citi, which also acted as lead bookrunner on its first-ever securitization. The amount of the off-cycle investment was disclosed. It is the first new capital in the company since its 2022 Series B fundraise, said Vontive CEO Charles McKinney. The

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Two expects $198.9M charge from external manager lawsuit

Capital markets, Lawsuits, Secondary markets, Servicing /

Two, the real estate investment trust that owns Roundpoint Mortgage Servicing, is anticipating legal expenses that some analysts say could lead to asset sales. The REIT expects a $198.9 million charge for May that includes a $139.8 million fee as a contingency liability and $60 million in related expenses due to the lawsuit with its

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What Trump’s latest GSE comments could mean for mortgages

Capital markets, Fannie Mae, Freddie Mac, GSE Reform, Politics and policy, Secondary markets /

Experts are weighing the future of mortgage rates and guarantee fees following the Trump administration’s strong yet mixed messaging on the future of Fannie Mae and Freddie Mac. President Trump in a Truth Social post Tuesday said he’s working on taking the government-sponsored enterprises public, stating they would retain their “implicit guarantees,” and that he

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