Privatizing Fannie Mae and Freddie Mac risks a return to the kind of perilous mortgages that helped cause the global financial crisis unless regulatory safeguards are kept in place, an affordable housing nonprofit said in a paper on Tuesday. READ MORE: GSE overhaul talk revives as key players meet “This is essential to averting the […]
Fannie, Freddie need rules to avoid ‘Race to the Bottom,’ NHC says Read More »
The Federal Housing Finance Board is reportedly back in action after a long hiatus, leading to speculation that the Trump administration could be working on taking its next steps forward in contemplating government-sponsored enterprise reform. The heads of Fannie Mae and Freddie Mac’s conservator and regulator, Securities and Exchange Commission, Department of Housing and Urban
GSE overhaul talk revives as key players meet Read More »
The Mortgage Bankers Association has begun to study the feasibility of reducing the government-related mortgage market’s traditional three credit-report pull to a single one, putting a new twist on an old proposal. President and CEO Bob Broeksmit said in a recent blog that the move could fit in with an industry regulator’s interest in promoting
Mortgage group eyes end of tri-merge reports Read More »
U.S. Home Equity Fund I, a real estate investment fund managed by Nada Asset Management, has purchased 132 home equity agreements from an affiliate in an over $10 million transaction. Nada launched the fund in February of this year, with the aim of creating a diverse portfolio of HEAs, also referred to as home equity
Nada fund buys 132 home equity agreements from affiliate Read More »
A “perfect storm” is paving the way for growth in home equity investment contracts, with originations and secondary market activity both on the upswing for the emerging asset class, industry leaders said this week. Tailwinds behind the product gives reason for optimism, according to Mark Ginsberg, an expert in securitized products originations at Barclays Investment
Home equity investment products set to soar, experts say Read More »
Freddie Mac is instituting higher limits for amounts it will reimburse for attorney costs associated with uncontested distressed mortgage resolutions, including mediation, and certain bankruptcy services. Specific amounts include $650 for preparing and recording a loan released after a deed-in-lieu of foreclosure gets completed, according to a bulletin. The limit for a premediation conference is
Freddie Mac raises some reimbursement limits for some fees Read More »
Figure Technology Solutions has announced a blockchain-based home-equity line of credit securitization that it says is the first to receive a AAA rating from a major rating agency, broadening its investor base. Standard & Poor’s ratings for the $355 million, six-tranche deal, FIGRE 2025-HE3, range from a top AAA to B-minus, which is a low-end
Figure HELOC securitization breaks new ground in ratings Read More »
Diane Tomb is out as CEO of the American Land Title Association, and there are indications that the departure was not voluntary. Chris Morton, previously senior vice president of public affairs and chief advocacy officer, has been named as Tomb’s replacement. Morton had been in that role since 2020 when he first joined ALTA. “We
ALTA shakes up leadership: Tomb out, Morton in as CEO Read More »
Enjoy complimentary access to top ideas and insights — selected by our editors. As the Trump Administration looks for cost savings at HUD and FHFA, they are learning that things that seem easy to achieve on the surface can be far more complex in practice. After the relatively easy task of headcount reductions, for example,
How DOGE could shrink federal housing spending Read More »
Mortgage companies could soon find it easier to sell the many single-family loans with interest-rate buydowns into the Ginnie Mae market as it plans to soon exempt custom pools from a recently added restriction. Ginnie, which guarantees securitizations of mortgages that other public entities back at the loan level, said it is updating temporary rules
Ginnie Mae lifts buydown limit for custom pools Read More »