The Mortgage Industry Standards Maintenance Organization has made two editions of its reference model, one an update and the other a new version, available for industry use. Its Version 3.6 Reference Model was released in 2023, and in a statement contained in MISMO’s 2022 annual report, then-President Seth Appleton called it “foundational to the way […]
MISMO releases new reference model, updates existing one Read More »
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
Fannie Mae partners with Palantir to weed out fraud Read More »
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
Hildene Capital closes new non-QM deal Read More »
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
How President Trump can monetize the GSEs Read More »
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
Trump mulling exit nudges GSE stocks higher, MBS wider Read More »
Frin left to right: Moderator Devin Norales, and panelists Max Slyusarchuk, Jeremy Schneider, Peter Simon and Rudy Orman address the audience at the Mortgage Bankers Association’s Secondary and Capital Markets Conference in New York on May 19, 2025. Politics, marketing and organic growth within the borrowing public are providing momentum to non-qualified mortgage businesses, leading
Non QM reaps benefits from policy, market discipline: execs Read More »
President Donald Trump said Wednesday evening that he was giving “very serious consideration to bringing Fannie Mae and Freddie Mac public” after more than a decade of being under government oversight. “Fannie Mae and Freddie Mac are doing very well, throwing off a lot of CASH, and the time would seem to be right,” Trump
Trump floats a public offering for Fannie Mae, Freddie Mac Read More »
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,
Lenders bet on e-notes as adoption ramps up Read More »
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
Unusual MSR trends emerge as the market shifts Read More »
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
‘Don’t fix what’s not broken’: experts mull cons of GSE exit Read More »