Secondary

The move builds on the government-sponsored enterprise’s previous program that facilitated the collection of more rent payment records from tenants who work with its multifamily borrowers.

The package of Fannie Mae, Freddie Mac and Ginnie Mae MSRs has some unusual geographic concentrations and a nearly 2.63% delinquency rate, including foreclosures.

The Federal Housing Finance Agency is moving forward with the charge but also pledged to ensure it doesn’t undermine the uniform security’s advantages the way trade groups say it could.

The mortgage REIT announced its name change in conjunction with the internalization of management activities.

Industry experts discuss evolving strategies in the hot MSR market as risks related to prepayments decline but concerns around credit and housing finance firms’ liquidity grow.

The agency eased rules regarding delinquency thresholds and reporting regulations through the end of June 2023.

If it works as intended, by calming inflation, it will help to keep mortgage rates low in the long-term.

The Federal Housing Finance Agency also noted limits to its authority in efforts to free the government-sponsored enterprises from conservatorship in its report to Congress.

Unlike two years ago, when the surge of refinance loans created a vast pool of free financing for the industry to use, today lenders must pay for it by the drink.

Rising interest rates eliminated any refinance incentive for 30% of the loans analyzed by Standard & Poor's, marking a turnaround from the start of the year when prepay speeds were expected to increase