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Capital markets

Fannie Mae partners with Palantir to weed out fraud

Capital markets, Fannie Mae, Fraud, Mortgage technology, Secondary markets /

Influential government-related mortgage investor Fannie Mae will be partnering with Palantir, a company involved in introducing more artificial intelligence to financial services, as its regulator and conservator steps up its fight against fraud. Peter Thiel, who owns stakes in Trump administration ally Elon Musk’s companies, founded the AI firm that will be helping identify patterns […]

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Hildene Capital closes new non-QM deal

Capital markets, Secondary markets /

Hildene Capital has closed its fourth nonqualified mortgage securitization of 2025 with Crosscountry Mortgage, continuing what has been fairly consistent issuance amid policy shifts this year. The $453.9 million transaction that Goldman Sachs structured with JPMorgan acting as joint lead received top AAA ratings from Fitch and KBRA for 99.5% of its underlying loans. The

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How President Trump can monetize the GSEs

Capital markets, Fannie Mae, Freddie Mac, GSE Reform, Secondary markets /

Last week, during remarks to the MBA Secondary & Capital Markets event in New York City, FHFA Director Bill Pulte commented that he thought the estimates for the valuations for Fannie Mae and Freddie Mac were too low.  Pulte then made clear that releasing the GSEs from conservatorship “is a decision for the President of

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Guild Mortgage, Bayview Asset explore servicing M&A

Capital markets, M&A, Originations, Servicing /

Publicly traded lender Guild Mortgage’s parent company, Bayview Asset Management, and a servicing-related affiliate are in talks about a potential deal. Bayview said in a filing that in conjunction with the affiliate it is “engaging in friendly preliminary discussions” with Guild “regarding a broader commercial relationship and potential corporate transaction. One possible outcome is “the

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Trump mulling exit nudges GSE stocks higher, MBS wider

Capital markets, Politics and policy, Secondary markets /

President Trump’s stated interest in exploring a public offering of Fannie Mae and Freddie Mac’s shares had led to some shifts in how their stock and mortgage-backed securities traded at deadline on Thursday, but not to the degree a commitment to a conservatorship exit would have. Barclays reported that shares of the larger of the

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Bank lending to nondepository mortgage firms rising: Fitch

Capital markets, Originations, Risk management /

Fitch Ratings is starting to look more closely at depository lending involving nonbank financial institutions, including mortgage firms, as unfunded commitments to NBFIs take on a larger role in portfolios. Unfunded commitments to mortgage credit intermediaries by a group of banks Fitch studied totaled over $255.44 billion as of March 31, up from $202.28 billion

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Lenders bet on e-notes as adoption ramps up

Capital markets, Secondary markets, Technology /

Widespread industry adoption of electronic promissory notes presents challenges but has steadily gained momentum over time as various aggregators sign on, and one is paying up for certain downpayment assistance loans using them. Western Alliance’s Amerihome, the largest bank-owned correspondent investor in the mortgage business, recently got on board with e-notes. Also Click n’ Close,

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Unusual MSR trends emerge as the market shifts

Capital markets, MSR, Secondary markets, Servicing /

The market for mortgage servicing rights has some unusual dynamics, one panelist at the Mortgage Bankers Association’s Secondary and Capital Markets Conference said Monday. “It used to be that the bulk market wouldn’t even be attractive on an execution level if there was a billion or more. Now you’re seeing very small trades of a

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‘Don’t fix what’s not broken’: experts mull cons of GSE exit

Capital markets, Fannie Mae, Freddie Mac, GSE Reform, Secondary markets /

While some policymakers have long pushed to release Fannie Mae and Freddie Mac from government conservatorship, experts caution that a return to full privatization would be far from a fairy tale. Panelists Tuesday at the Mortgage Bankers Association’s Secondary & Capital Markets Conference weighed the many downsides of the complicated, and increasingly unlikely move if

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Dan Thompson-PMSI

PMSI’s CEO on why servicers can’t ignore low exception rates

Capital markets, Secondary markets, Servicing /

Dan Thompson, chief executive of mortgage servicing management firm PMSI, numbers among industry veterans who managed mortgages during and prior to the Great Financial Crisis, so he’s seen worst-case scenarios and worked to help the industry avoid them since. The instances where exceptions from common servicing procedures were used averaged around 1% in 2024, which

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