December 27, 2016
Deutsche Bank will have to clear a lower capital hurdle next year, joining other European lenders who are benefiting from a change in how the European Central Bank sets the requirements.
It is not a clear-cut statement to say Fannie Mae and Freddie Mac need more capital, and it detracts from the real debate over long-term housing finance reform.
Treasury sweep agreement set to deplete Fannie and Freddie's capital reserves by the end of 2017.
December 22, 2016
Barclays was sued by the U.S. Justice Department for allegedly deceiving investors who bought mortgage-backed securities, according to court papers filed in federal court in Brooklyn.
December 22, 2016
Mortgage rates continued their climb, with the 30-year reaching its highest level since April 2014, after the Federal Reserve increased its benchmark lending rate.
The case against Fannie Mae and Freddie Mac is stronger than the argument for their survival.
Andrew Jetter is stepping down as the chief executive of Federal Home Loan Bank of Topeka after serving as the president and the chief executive for 14 years.
Ginnie Mae, at the urging of the mortgage industry, has revised the wording of the acknowledgment agreements necessary to finance servicing rights. It hopes the move improves Ginnie MSRs' liquidity.
So now what? New York Community Bancorp and Astoria Financial have been mum about why they nixed their merger agreement, or where they go next, but the companies have a surprising number of options in the current climate.
December 20, 2016
Credit Suisse Group may reach an agreement as soon as this week to settle a U.S. investigation into its handling of mortgage-linked securities before the 2008 financial crisis, Reuters reported.
A legislative proposal would expand Fannie Mae and Freddie Mac's use of specially-created debt securities to share their risk with private investors, but such risk transfer deals are not a replacement for core capital.
December 19, 2016
Deutsche Bank may reach a deal as early as Wednesday to settle allegations by the Department of Justice that it misled investors when selling mortgage-backed securities, Reuters reported.
JPMorgan is returning to a familiar structure as it again pools large-market prime jumbo mortgages for investors in collateralized residential mortgage loans.
Rising interest rates have turned mortgage lenders' post-election outlook on profit margins bearish, according to Fannie Mae.
A regulatory 2017 scorecard for Fannie Mae and Freddie Mac calls on the firms to transfer a significant portion of credit risk to third-party private investors on at least 90% of unpaid principal balance of newly acquired single-family mortgages.
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