Silvio Tavares waited years for news that finally arrived in July: government-sponsored enterprises Fannie Mae and Freddie Mac would finally allow lenders to use something other than a FICO score to determine whether a customer is credit-worthy enough to buy a home. The wonky policy change, delivered via a social media post after years of […]
Fannie, Freddie win for VantageScore causes pain for FICO shares Read More »
A possible shift in the composition of the Federal Reserve’s portfolio of Treasury holdings could result in the central bank buying nearly $2 trillion of bills over the next two years, enough to absorb nearly all of the Treasury’s issuance during that period, according to Bank of America Corp. Strategists Mark Cabana and Katie Craig
Fed portfolio shift could hand Treasury $2 trillion, BofA Says Read More »
Alternative asset manager Canyon Partners is committing $250 million to buy new mortgage bonds created by A&D Mortgage LLC, a partnership that will help the mortgage finance company substantially increase the pace of its bond sales. Canyon will buy the riskiest slices of residential mortgage-backed bonds ineligible for guarantees from Fannie Mae and Freddie Mac,
Canyon Partners inks deal helping A&D sell more mortgage bonds Read More »
Barry Habib, the founder and CEO of MBS Highway and a go-to source for mortgage industry predictions, has been named to Fannie Mae‘s board of directors. A recent filing with the Securities Exchange Commission (SEC) confirmed that Habib had been appointed to the board effective July 21. “The appointment of Mr. Habib is until the
Mortgage prognosticator Barry Habib joins Fannie Mae’s board Read More »
(Bloomberg) — President Donald Trump said that the US government would retain guarantees and an oversight role over Fannie Mae and Freddie Mac even as he pursues a public offering for the mortgage giants. I am working on TAKING THESE AMAZING COMPANIES PUBLIC, but I want to be clear, the US Government will keep its
Trump says Fannie Mae to keep U.S. guarantee as public firm Read More »
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Mortgage bonds largely unscathed after Moody’s downgrade of US Read More »
A pool of 1,248 mortgage loans on a range of investment residential properties, including single-family homes, condominiums and multi-unit properties, will secure $345.8 million in mortgage-backed securities through the Ellington Financial Mortgage Trust 2025-INV2 transaction. The deal, EFMT 2025-INV2, offers notes through about nine tranches of class A, M and B notes, with X and
Ellington Financial’s latest MBS raises $345.8 million from investment properties Read More »